US Textile & Clothing Imports Declined in 2016, States Textiles Intelligence in Its Insightful Report Published at MarketPublshers.com23 Mar 2017 • by Natalie Aster
LONDON – In 2016, the imports of textile and clothing products in the USA dropped in terms of volume for the first time round in 5 years.
The average price of the country’s textile and clothing imports also decreased, which was promoted by a drop in prices for crude petroleum and cotton wool.
Apparel kept on capturing the dominant share of US textile and clothing imports, but this share decreased to its 2nd lowest level in 26 years.
With respect to the type of fibre, man-made fibres grabbed the biggest slice of US apparel imports for the 3rd consecutive year.
China continues to be the dominant supplier of textile and clothing products to the USA. Still, China's share of the USA’s total textile and clothing imports declined in terms of both volume and value.
India, Bangladesh, Vietnam and Mexico all augmented their market shares, but only Vietnam gained in both value and volume terms. Meantime, Honduras, Sri Lanka and Indonesia kept their shares, but Pakistan and Cambodia lost shares.
Insightful market research report “Trends In US Textile And Clothing Imports, February 2017” created by Textiles Intelligence provides in-depth insights into the market.
The study provides deep insights into the USA's 10 leading overseas suppliers of textiles and clothing in 2016, alongside giving more specific details about the product types discussed. It provides US imports of various product categories, covering general trends, top 10 supplying countries, best and worst performers, highest and lowest import prices, and price fluctuations. The report also offers an outlook for 2017 and beyond, and a statistical figures pertaining to exchange rates and imports of specific textiles and clothing products.
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