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U.S. Apparel Accessories And Other Apparel Market. Analysis And Forecast to 2030

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Article Publishing Date: May 3, 2023

U.S. Apparel Accessory Import Declines 18% to Average $379M in Feb. 2023

U.S. Apparel Accessory Imports

In February 2023, after two months of growth, there was significant decline in supplies from abroad of apparel accessories and other apparel, when their volume decreased by -19.8% to 19K tons. In general, imports saw a slight decrease. The pace of growth was the most pronounced in January 2023 with an increase of 19% against the previous month.

In value terms, apparel accessory imports shrank markedly to $379M (IndexBox estimates) in February 2023. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when imports increased by 20% month-to-month.

COUNTRY	Import Value of Apparel Accessory in U.S. (million USD)
COUNTRY	Feb 2022	Mar 2022	Apr 2022	May 2022	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023
China	187	203	158	163	190	224	255	220	175	143	147	175	147
Mexico	23.6	38.1	37.4	38.6	40.8	38.0	40.6	42.0	35.3	38.1	44.4	32.2	42.8
Bangladesh	25.4	44.3	37.5	36.8	38.5	27.4	33.9	32.6	42.7	31.1	32.0	49.5	35.5
Vietnam	34.7	43.8	36.1	50.2	46.3	41.3	62.1	39.2	47.4	39.9	45.0	51.8	33.9
Pakistan	16.2	15.3	13.6	15.8	13.3	18.9	15.6	15.3	19.2	15.0	20.8	16.9	13.7
Sri Lanka	11.8	11.1	11.1	19.1	15.0	13.6	12.8	15.7	16.1	15.5	17.6	14.5	11.0
India	13.7	18.9	17.0	15.7	17.2	16.4	18.8	16.3	14.7	14.4	12.2	15.4	9.9
Taiwan (Chinese)	15.5	12.3	10.4	12.0	9.6	12.6	10.7	12.0	8.5	6.7	7.4	7.2	5.1
Myanmar	4.0	3.2	4.0	6.3	4.4	4.3	4.6	5.5	6.2	4.7	4.5	9.4	3.9
Others	83.3	108	100	109	102	98.1	102	99.5	115	104	98.3	88.1	76.0
Total	416	499	426	466	477	495	556	498	480	411	429	460	379

Imports by Country

In February 2023, China (11K tons) constituted the largest supplier of apparel accessory to the United States, accounting for a 58% share of total imports. Moreover, apparel accessory imports from China exceeded the figures recorded by the second-largest supplier, Bangladesh (1.8K tons), sixfold. The third position in this ranking was taken by Vietnam (1.4K tons), with a 7.2% share.

From February 2022 to February 2023, the average monthly rate of growth in terms of volume from China amounted to -2.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: Bangladesh (+2.1% per month) and Vietnam (-0.8% per month).

In value terms, China ($147M) constituted the largest supplier of apparel accessory to the United States, comprising 39% of total imports. The second position in the ranking was taken by Mexico ($43M), with an 11% share of total imports. It was followed by Bangladesh, with a 9.4% share.

From February 2022 to February 2023, the average monthly growth rate of value from China amounted to -2.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (+5.1% per month) and Bangladesh (+2.8% per month).

Import Prices by Country

In February 2023, the apparel accessory price stood at $20,034 per ton (CIF, US), with an increase of 2.8% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when the average import price increased by 9.6% against the previous month. The import price peaked at $21,619 per ton in December 2022; however, from January 2023 to February 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($54,020 per ton), while the price for China ($13,475 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Mexico (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the apparel accessory 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 315990 - Apparel accessories and other apparel manufacturing

Companies mentioned:

American Apparel
New ERA Cap Co.
Magid Glove & Safety Manufacturing Co
Brighton Collectibles
Paramount Apparel International
Bio World Merchandising
Bollman Hat Company
Randa Corporation
Collection Xiix
Flexfit Llc.
Pvh Neckwear
Arena Brands
Fownes Brothers & Co
Rhe Hatco
Worldwide Protective Products
Intradeco Apparel
Totes Isotoner Holdings Corporation
Paramount Holding
The Credit Specialists
Wells Lamont Industry Group
St. John Knits
US Test Company 341
Hat Brands Holding Corporation
Carter Enterprises
Fossil Partners
Duck Head
Hcsb Group

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

U.S. Apparel Accessories And Other Apparel Market. Analysis And Forecast to 2030

U.S. Apparel Accessory Import Declines 18% to Average $379M in Feb. 2023

U.S. Apparel Accessory Imports

Imports by Country

Import Prices by Country

Product coverage:

Companies mentioned:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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