Has the impending recession affected the imports of Denim into USA? Apparently no – if we go by the figures that have come. The imports of jeans into US has increased by 5% for the three quarters ended September 2008 as compared to the same period last year. It is also interesting to note that the increase has been uniform in both the Mens/Boys and Womens/Girls Jeans.
Figures of Imports of Jeans into USA in 2007 and 2008
|Total (3 qtrs)||202.55||
|Total (3 qtrs)||189.78||
These figures seem to defy logic as we get continuous reports of falling consumption levels in US esp since the first quarter of 2008 showed reduced imports and we have seen the growth come only in 2nd and 3rd quarters. But we still have one quarter left in 2008 and we might see some fall here. Another possibilty is that the imports of cheaper denims might be slowly replacing that of more expensive ones and it might be causing some shift in volumes to the former category and affecting overall volumes positively. But I am sure that in the coming quarters we will see some impact of the recession on the imports of Jeans into US..