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U.S. - Track Suits, Ski Suits And Swimwear - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Feb 14, 2023
Sportswear Price in America Plummets to $4.1 per Unit After Two Consecutive Months of Contraction
U.S. Sportswear Import Price in December 2022
In December 2022, the sportswear price stood at $4.1 per unit (CIF, US), which is down by -14.9% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2022 an increase of 17% m-o-m. The import price peaked at $5.5 per unit in May 2022; however, from June 2022 to December 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Bangladesh ($7.2 per unit), while the price for China ($3.1 per unit) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Sportswear Imports
In December 2022, approximately 26M units of track suits, ski suits and swimwear were imported into the United States; increasing by 48% compared with November 2022 figures. Overall, imports, however, continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in September 2022 when imports increased by 85% against the previous month. Imports peaked at 41M units in March 2022; however, from April 2022 to December 2022, imports remained at a lower figure.
In value terms, sportswear imports skyrocketed to $106M (IndexBox estimates) in December 2022. Over the period under review, imports, however, showed a noticeable decline. The pace of growth appeared the most rapid in September 2022 when imports increased by 86% month-to-month. Over the period under review, imports attained the peak figure at 187M units in March 2022; however, from April 2022 to December 2022, imports failed to regain momentum.
U.S. Sportswear Imports by Country
In December 2022, China (16M units) constituted the largest sportswear supplier to the United States, accounting for a 61% share of total imports. Moreover, sportswear imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (6M units), threefold. Cambodia (1.2M units) ranked third in terms of total imports with a 4.7% share.
From January 2022 to December 2022, the average monthly rate of growth in terms of volume from China amounted to -2.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Vietnam (-1.7% per month) and Cambodia (-0.2% per month).
In value terms, the largest sportswear suppliers to the United States were China ($49M), Vietnam ($29M) and Indonesia ($5.9M), with a combined 79% share of total imports. Cambodia, Sri Lanka and Bangladesh lagged somewhat behind, together comprising a further 12%.
Among the main suppliers, Bangladesh, with a CAGR of +1.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.
Factots Affecting Sportswear Prices
In the United States, sportswear prices have been on the rise in recent years. A number of factors have contributed to this trend, including the increasing cost of raw materials, labor costs, and shipping costs. Moreover, the popularity of activewear and athleisure has driven up demand for premium sportswear brands. As a result, many consumers are willing to pay more for high-quality sportswear that will last longer and perform better. Additionally, many sportswear brands have high marketing budgets, which drives up the cost of their products.
This report provides an in-depth analysis of the sportswear 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:
• Prodcom 14191210 - Track-suits, of knitted or crocheted textiles
• Prodcom 14191230 - Ski-suits, of knitted or crocheted textiles
• Prodcom 14191240 - Men
• Prodcom 14191250 - Women
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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
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
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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