Imports of cotton trousers in the United States: China loses ground in 2021; others maintain their lead
21 February 2022, Mumbai:
According to OTEXA, cotton trousers imports in the United States hit $ 12.04 billion in 2021, as consumer markets have begun to recover. In comparison to 2020, cotton trouser imports increased by more than 32.24 percent in 2021.
Imports have already surpassed pre-pandemic levels, with cotton trouser imports valued at $ 11.80 billion in the United States. The top shippers' export revenues to the United States reflect the significant resurgence of the pants market. Bangladesh remains the biggest exporter of cotton pants to the United States, with a value of US $ 2.57 billion and a 34 percent year-on-year increase.
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Bangladesh's development is spectacular, as it has surpassed its 2019 estimates in the US market (the US $ 2.33 billion). With US $ 1.98 billion in cotton trouser shipments to the US market in 2021, Vietnam remained in second place, with a 15.90% year-on-year increase.
Despite 35.60 percent year-on-year growth in 2021, China has slid to third place from first place in 2019. China's cotton trouser exports were valued at US $ 1.69 billion in 2021, compared to the US $ 2.36 billion in 2019.
As a result, China's market share has fallen to only 14% in 2021, down from 20% two years ago.
Mexico (the US $ 920.14 million), Pakistan (the US $ 868.43 million), Cambodia (the US $ 625.48 million), and Indonesia (the US $ 610.15 million) all had strong cotton trouser exports to the United States in 2021, with Y-o-Y growth and export statistics above their respective 2019 values.
India is ranked 8th on the list, with cotton trouser exports to the United States increasing by over 66% year on year in 2021, totaling US $ 365.83 million. The country also exceeded its export targets for 2019 – US $ 325.59 million.
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*Figures mentioned in the above article have been sourced from Apparel Resources article.
