U.S. Men's And Boys' Cut And Sew Apparel Market. Analysis And Forecast to 2030
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View PricingMenswear Price in the United States - 2023
Contents:
- Menswear Price in the United States (CIF) - 2023
- Menswear Price in the United States (FOB) - 2023
- Menswear Imports in the United States
- Menswear Exports in the United States
Menswear Price in the United States (CIF) - 2023
The average menswear import price stood at $4.6 per unit in August 2023, leveling off at the previous month. Over the period under review, the import price, however, recorded a mild curtailment. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 8.3% month-to-month. Over the period under review, average import prices reached the maximum at $5.6 per unit in October 2022; however, from November 2022 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Mexico ($6.6 per unit), while the price for the Dominican Republic ($1.6 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by El Salvador (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Menswear Price in the United States (FOB) - 2023
In August 2023, the average menswear export price amounted to $4.2 per unit, picking up by 4.9% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 8.2% month-to-month. The export price peaked at $4.6 per unit in December 2022; however, from January 2023 to August 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Canada ($8.6 per unit), while the average price for exports to Honduras ($1.7 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Menswear Imports in the United States
Menswear imports into the United States rose significantly to 8.8B units in 2022, growing by 9.4% compared with the year before. The total import volume increased at an average annual rate of +5.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, menswear imports skyrocketed to $41.3B in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +7.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Menswear in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 4.7 | 4.0 | 4.8 | 6.7 | 12.5% |
| Bangladesh | 3.3 | 2.8 | 3.7 | 5.4 | 17.8% |
| China | 5.7 | 3.0 | 4.2 | 5.2 | -3.0% |
| Honduras | 2.1 | 1.3 | 2.0 | 2.5 | 6.0% |
| Mexico | 2.3 | 1.4 | 2.0 | 2.3 | 0.0% |
| India | 1.6 | 1.1 | 1.6 | 2.2 | 11.2% |
| Indonesia | 1.4 | 1.0 | 1.2 | 1.8 | 8.7% |
| Cambodia | 0.9 | 0.9 | 1.1 | 1.6 | 21.1% |
| Nicaragua | 1.2 | 0.8 | 1.2 | 1.6 | 10.1% |
| Pakistan | 0.8 | 0.7 | 1.2 | 1.5 | 23.3% |
| El Salvador | 1.1 | 0.8 | 1.1 | 1.2 | 2.9% |
| Haiti | 0.7 | 0.4 | 0.6 | 0.6 | -5.0% |
| Dominican Republic | 0.5 | 0.3 | 0.4 | 0.5 | 0.0% |
| Others | 6.7 | 5.2 | 6.6 | 8.4 | 7.8% |
| Total | 32.9 | 23.9 | 31.7 | 41.3 | 7.9% |
Top Suppliers of Menswear to the United States in 2022:
- Bangladesh (1218.6M units)
- Vietnam (1211.9M units)
- China (1146.0M units)
- Honduras (760.1M units)
- India (557.9M units)
- Nicaragua (482.8M units)
- El Salvador (437.5M units)
- Pakistan (400.1M units)
- Mexico (328.2M units)
- Dominican Republic (283.1M units)
- Indonesia (280.9M units)
- Haiti (278.7M units)
- Cambodia (271.0M units)
Menswear Exports in the United States
Menswear exports from the United States expanded modestly to 558M units in 2022, with an increase of 3.5% compared with the previous year. The total export volume increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 21%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, menswear exports surged to $2.3B in 2022. The total export value increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Menswear in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 707 | 593 | 725 | 907 | 8.7% |
| Mexico | 416 | 369 | 532 | 613 | 13.8% |
| Japan | 121 | 94.6 | 88.8 | 90.9 | -9.1% |
| United Kingdom | 84.0 | 68.3 | 54.0 | 90.8 | 2.6% |
| South Korea | 59.7 | 57.2 | 45.9 | 64.8 | 2.8% |
| China | 73.0 | 55.2 | 62.9 | 59.8 | -6.4% |
| Australia | 43.2 | 35.7 | 42.3 | 40.8 | -1.9% |
| Others | 546 | 368 | 394 | 450 | -6.2% |
| Total | 2,050 | 1,641 | 1,945 | 2,318 | 4.2% |
Top Export Markets for Menswear from the United States in 2022:
- Mexico (260.1M units)
- Canada (112.8M units)
- Japan (22.3M units)
- United Kingdom (16.5M units)
- South Korea (12.3M units)
- China (11.8M units)
- Australia (10.4M units)
This report provides an in-depth analysis of the menswear market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 315220 - Men's and boys' cut and sew apparel manufacturing
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Imports of Menswear in June 2023 amounted to $2.8B in terms of value.
218
In February 2023, the price of menswear per unit (CIF, US) was $4.6, seeing a decrease of -7.9% compared to the previous month.
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The revenue of the menswear market in the U.S. amounted to $2.9B in 2018, jumping by 5.6% against the previous year....
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In January 2023, the growth pace of Apparel Accessory was the most rapid, experiencing a month-to-month increase of 19%. In terms of value, imports of Apparel Accessory reached $413M in August 2023.
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Imports of apparel accessories saw a significant decrease in value in February 2023, falling to $379M.
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The revenue of the hosiery and sock market in the U.S. amounted to $2.4B in 2018, jumping by 4% against the previous year....
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The U.S. dominates in global imports of hosiery and socks, accounting for a X% share (based on USD). It was followed by the UK and Germany (X% each). In 2015, U.S. hosiery and sock imports totaled X billion USD, which was X million USD (X%) more
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The hosiery market of today abounds in numerous types of this accessory: textured, footless, printed, opaque, and leggings just to name a few. A current fashion trend is shape and structure perfection.
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Imports of Menswear in June 2023 amounted to $2.8B in terms of value.
218
In February 2023, the price of menswear per unit (CIF, US) was $4.6, seeing a decrease of -7.9% compared to the previous month.
