US clothing imports: China’s market share has not decreased in the second quarter

US clothing imports: China's market share has not decreased in the second quarter

In the second quarter of 2019, US apparel imports continued to increase. Although the United States imposed tariffs on Chinese products, US retailers and brands did not reduce their purchases from China.

In the second quarter, the unit price of Chinese products fell, and the unit prices of other places increased. The US apparel imports maintained healthy growth, up 4% year-on-year, and 5.7% year-on-year.

Surprisingly, China’s market share has not decreased, and imports have increased by 5.4%, but the import value has increased by 2.1% in US dollars, due to a 3% drop in import prices.

In contrast, the import prices of other origins in the second quarter generally rose, with Vietnam rising 4.9%, Bangladesh rising 7.8%, and Nicaragua rising 17.4%.

From the data point of view, the addition of tariffs not only did not allow American buyers to abandon Chinese products, but instead prompted them to reduce the requirements for textile raw materials and the requirements of the clothing production cycle.

At the same time, rising wages for workers in Vietnam and Bangladesh have led to a continuous increase in product costs, and the expansion of demand for high-end products has also led to an increase in import unit prices. Delays in product delivery, poor infrastructure, severe corruption and unqualified quality all limit growth outside of China. Although duty-free imports are very attractive to US importers, imports from Jordan and Haiti have increased in terms of rules of origin. At present, Indonesia is the most difficult country to export, and its exports and exports to the United States have decreased.

Leave a comment

Your email address will not be published. Required fields are marked *