U.S. Hosiery And Sock Market. Analysis And Forecast to 2025
Update: COVID-19 Impact
Import Competition Is Smothering Domestic U.S. Hosiery and Sock Manufacturing
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 than the year before.
From 2007 to 2015, the U.S. hosiery and sock imports showed positive dynamics (except for 2009 and 2012). There was an annual increase of +X% throughout the analysed period.
Competition from imports has been detrimental to some domestic manufacturers. This has motivated many of them to relocate abroad over the period. Foreign competition, particularly from emerging Asian markets, is expected to persist. As a result, the U.S. remains one of the most attractive destinations for overseas suppliers.
China was the main supplier of hosiery and socks into the U.S., increasing its share of total U.S. imports from X% in 2007 to X% in 2015. It was followed by El Salvador, Cambodia, Honduras, Vietnam, India, and Pakistan.
The U.S. was a net importer of hosiery and socks from 2007 to 2015. On average, imports grew faster than exports over the period under review.
Net U.S. imports of hosiery and socks showed a downward trend over the period under review. In 2015, this industry ran a significant trade deficit of X billion USD, which amounted to approximately X% of gross imports.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the hosiery and sock 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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