US Denim Imports | Bangladesh And China | 2009-2015

U.S. imports from Asia, the largest regional supplier — accounting for three-quarters of all sector imports. Amongh the countries China and Bangladesh are two important countries which are major exporters of denim apparel to US.  In this report, we have explained the trends in imports into USA during 2009 to 2015 these two countries .  The report consists of following tables and graphs to bring out the details of the business from these countries.

Serial No	Particulars
1	Table  Showing Imports of all Denim Apparels(Million Pcs) and Average Price  into USA from China for the years 2009-2015
2	Graph showing Imports of all Denim Apparels into USA from China for  the years  2009-2015
3	Graph showing Average Price  of Imports of all Denim Apparels into USA from China for the years 2009-2015
4	Table  Showing Imports of Men’s Jeans  and Average Price  into USA from China for the years 2009-2015
5	Graph showing Imports of Men’s Jeans into USA from China for the years 2009-2015
6	Graph showing Average Price  of Imports of Men’s Jeans  into USA from China for the years 2009-2015
7	Table  Showing Imports of Women’s Jeans  and Average Price  into USA from China for the years 2009-2015
8	Graph showing Imports of Women’s Jeans into USA from China for the years 2009-2015
9	Graph showing Average Price of Imports of Women’s Jeans into USA from China for the years 2009-2015
10	Table  Showing Imports of all Denim Apparels  and Average Price into USA from Bangladesh for the years 2009-2015
11	Graph showing Imports of all Denim Apparels into USA from Bangladesh for the years 2009-2015
12	Graph showing Average Price of Imports of all Denim Apparels into USA from Bangladesh for the years 2009-2015
13	Table  Showing Imports of Men’s Jeans  and Average Price  into USA from Bangladesh for the years 2009-2015
14	Graph showing Imports of Men’s Jeans into USA from Bangladesh for the years 2009-2015
15	Graph showing Average Price of Imports of Men’s Jeans into USA from Bangladesh for the years 2009-2015
16	Table  Showing Imports of Women’s Jeans  and Average Price  into USA from Bangladesh for the years 2009-2015
17	Graph showing Imports of Women’s Jeans into USA from Bangladesh for the years 2009-2015
18	Graph showing Average Price of Imports of Women’s Jeans into USA from Bangladesh for the years 2009-2015
19	Table showing share of China and Bangladesh into the total import of all denim apparels of USA for the years 2009-2015
20	Graph showing share of China and Bangladesh into the total import of all denim apparels of USA for the years 2009-2015

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Imports From China

Till the year 2010 , everything was perfect – imports of denim apparel from China were increasing at a good pace and was almost at their  highest  . However, from 2010 the scenario started worsening  with every passing year. With a growth in the import by 14.28% in 2010 , no one had predicted that the imports from China to USA will be fallen by 28.08% by the end of the year 2011. In 2012 the conditions seemed to be bit improved but again in 2014 as well as in 2015 the imports fell down . In 2013 the total imports were 155.23 million pcs which reduced to 133.13 millions pcs by the end of 2015 . The average price of imports (US$/Pcs) also changed , however the degree of change was bit lesser against the substantial decline of imports over the years. In 2009 the Average Price was US$7.49/Pc which reached to its all time high in 2013 at US$8.43/Pc.  From 2012 , it started reducing but in 2015 it again rose by 2.13% and reached to US$7.52/Pc

Year	2009	2010	2011	2012	2013	2014	2015
Million Pcs	160.01	186.66	145.74	147.29	155.23	135.37	133.13

Year	2009	2010	2011	2012	2013	2014	2015
US$/pc	7.49	7.29	8.43	7.99	7.93	7.36	7.52

Segregating the total imports into two parts ; Men’s Jeans and Women’s Jeans , the share of Men’s Jeans seems to be lesser as compared to Women’s Jeans. The Import of Men’s Jeans was only 44.27 Million Pcs while the import of Women’s jeans was whopping 115.74 million pcs for the same year. Imports of both Men and Women Jeans declined but the import of Men jeans fell  by whopping by 53.52% in 2011 while the import of women jeans fell by 20.84% in 2011. Year 2014 and 2015 were also not so encouraging for China and from 49.54 million pcs in 2010 , the import reduced to 31.13 million pcs of Men’s Jeans in 2015. The trend to fall also observed in the women’s jeans and the major fall was in 2014 when the imports fell by  13.26 % after registering a growth of 5.36% in 2013.

The average price of Men’s jeans increased from US$7.91/pcs in 2009 to US$9.43/pcs in 2012 while the average price of Women’s jeans were increased from US$7.32/pcs in 2009  to US$8.15/pcs in 2015

Men’s Jeans Imports (million pcs)

Year	2009	2010	2011	2012	2013	2014	2015
Million Pcs	44.27	49.54	32.27	35.28	36.88	30.84	31.13

Year	2009	2010	2011	2012	2013	2014	2015
US$/PC	7.91	7.81	9.43	8.39	7.77	7.67	7.97

Year	2009	2010	2011	2012	2013	2014	2015
Million Pcs	115.74	137.12	113.47	112.01	118.36	104.53	102

Year	2009	2010	2011	2012	2013	2014	2015
Average Price	7.32	7.1	8.15	7.86	7.97	7.27	7.38

Bangladesh

The second major exporting country is Bangladesh which is now one of the major denim manufacturing country and the closest competitor of China. From the declining trends after the year 2010 , Bangladesh recovered in 2012 by showing a marginal growth in the export from 64.15 million pcs in 2012 to 72.23 million pcs in 2014 , however due to slowdown in the US economy , from 2014 again the imports started reducing and reached to the lowest level of 67.02 million pcs in 2015.

The average price in the span of 5 years starting from 2010 has changed by more than one dollar . In 2010 the average price was US$5.22/pc which rose to the level of US$6.53/pc in 2015 .

Year	2009	2010	2011	2012	2013	2014	2015
Million Pcs	68.7	79.48	63.59	64.15	72.23	67.58	67.02

Year	2009	2010	2011	2012	2013	2014	2015
Average Price	5.22	5.16	6.41	6.41	6.3	6.4	6.53

Dividing Bangladesh’s exports of denim apparel to USA into two ; Men’s Jeans and Women’s Jeans, it was found that unlike  China , Bangladesh exports Men’s Jeans in larger quantities as against  Women Jeans. In 2009 , Bangladesh exported 45.55 million pcs of men’s jeans and 23.15 million pcs of women’s jeans to USA.  Surprisingly in 2015 there was a  fall in the imports of Men’s Jeans while there was a growth in the exports of  Women’s Jeans. In 2015 , the import of men’s jeans fell by 5.45% however the import of women’s jeans increased by 6.53%.

The Average price of Men’s jeans in 2009 was US$5.13/pc while the women’s jeans was US$5.41/pc. From 2010 ,the growth in average price for the men’s jeans was merely 14.45% ,however the growth in the average price of women’s jeans was more than twice from 2010 i.e 30.21%

Men’s Jeans

Year	2009	2010	2011	2012	2013	2014	2015
Million Pcs	45.55	52.87	42.9	42.02	46.09	43.54	41.29

Year	2009	2010	2011	2012	2013	2014	2015
Average Price	5.13	5.21	6.57	6.34	6.24	6.2	6.09

Year	2009	2010	2011	2012	2013	2014	2015
Million Pcs	23.15	26.6	20.69	22.13	26.14	24.05	25.73

 

Year	2009	2010	2011	2012	2013	2014	2015
Average Price	5.41	5.06	6.08	6.54	6.41	6.75	7.25

 

Analyzing the share of China and Bangladesh in the total imports by USA, it is found that where  Bangladesh managed to increase its share by the end of every year , the share of China seems to be inconsistent and on average it reduced from 31.13% in 2010 to 28.33% in 2015. However the share of Bangladesh increased marginally from 13.26% in 2010 to 14.26% in 2015. Interestingly, the total exports  by Bangladesh reduced from 79.48 million pcs in 2010 to million pcs to 67.02 million pcs in 2015. This was in line with the general reduction in the overall volume of imports of denim apparel into US. However, this is not the case for all countries. Some countries like Vietnam have shown remarkable improvements in exports of apparel to US during the same period.

Year of	World	Bangladesh	Â	China	Â
Import	(million pcs)	(million pcs)	% Share	(million pcs)	% Share
2009	568.46	68.7	12.09%	160.01	28.15%
2010	599.57	79.48	13.26%	186.66	31.13%
2011	511.31	63.59	12.44%	145.74	28.50%
2012	493.77	64.15	12.99%	147.29	29.83%
2013	515.03	72.23	14.02%	155.23	30.14%
2014	474.06	67.58	14.26%	135.37	28.56%
2015	469.98	67.02	14.26%	133.13	28.33%

 

From the graph below, we can see that the share of China receding and that of Bangladesh comparatively better but not increasing as such.  The market share of US is continuously falling and unless the market improves the exports from any of the countries will not increase either.

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