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Tag: men’s jeans

  • Report on Imports of denim jeans into USA in 2007 & 2008 – a comparison

    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

    Particulars
    2007(million pcs)
    2008(million pcs)
    Men’s/Boys Jeans
    1st qtr 49.38 43.99
    2nd qtr 68.55 73.60
    3rd qtr 84.62 94.58
    Total (3 qtrs) 202.55
    212.17 (+5%)
    4th qtr 71.44
    Grand Total 273.99
    Women’s/Girls Jeans
    1st qtr 46.27 42.78
    2nd qtr 66.52 62.46
    3rd qr 76.99 92.7
    Total (3 qtrs) 189.78
    197.94 (+5%)
    4th qtr 59.98
    Grand Total 249.76

    Source:US customs

    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..

    Related Posts:

    US Denim imports in 2007 & 2006

  • Men’s Jeans experience fall in imports into US – 6.82% in 2007

    As Compared to 2006 , the imports of Men’s Jeans into US has fallen 6.82% from 293 million pieces to about 273 million pieces in 2007.
    The fall was consistent through the various quarters of 2007(as I mentioned last year) . The table below shows the figures of imports from various countries
    IMPORTS OF MEN’S JEANS INTO USA (IN 2007) FROM DIFFERENT COUNTRIES

    Country

    Country Million Pcs Percentage Share
    Mexico 97.71 35.66
    Bangladesh 24.04 8.77
    Pakistan 15.02 5.48
    Honduras 14.35 5.23
    China 13.32 4.86
    Egypt 12.79 4.66
    Cambodia 11.88 4.33
    Costa Rica 11.79 4.30
    Lesotho 9.90 3.61
    Hongkong 6.54 2.38
    Nicaragua 6.31 2.30
    Guatemala 5.47 1.99
    India 1.84 0.67
    Jordan 1.57 0.57

    Total Imports of Mens Jeans in 2007:: 273.93 million pcs
    Source:US Customs

    Some points are worth noting from the table:
    a)Mexico still retains its position as number 1 exporter despite falling share.But that is expected to fall.
    b)China is yet to make a significant mark in the US men’s jeans market.Though it will definitely.
    c)Bangladesh has continued to make progress and has aquired a sizeable 9% share of the market.
    However, its neighbour India still has an insignificant share of 0.67% and it shows that India is absolutely uncompetitive in Men’s Jeans.
    d)Small countries like Lesotho have made great use of Sub-saharan treaties to increase exports to US
    e)Egypt has gained a great share at the cost of Jordan due to benefits extended to it. Jordan has lost the share due to its rising costs.This is continue to grow and more and more of factories are expected to shift to Egypt.

    The fall in the jeans imports is perhaps consistent with the fall in growth rate of denim consumption..

    Related Posts: Imports of Jeans continues to decline in 2008.

                                  Rebound in US Men’s Jeans Imports in second qarter.

                                 Imports of Jeans in US –2007 and 2008

  • Effect of rupee appreciation on exports of Mens,Boys jeans to USA in 2007

    The appreciation of the Rupee against the USD has taken its toll on the exports of all textile and apparel products from India. There has been a general fall in exports of apparel items across the board..
    Lets have a look at how the rupee appreciation has affected the exports of Mens and Boys jeans from India to USA.. I have also taken comparative figures from Bangladesh to see how it fares vis-a-vis India..

    Exports of Mens/Boys jeans from India and Bangladesh to USA in 2006 and 2007

    2006(doz pcs) 2007(doz pcs) Change(%)
    India
    Ist quarter 24000 22000 -8
    2nd quarter 24000 33000 37
    3rd quarter 55000 63000 14
    4th quarter 33000
    Bangladesh
    1st quarter 205000 312000 52
    2nd quarter 390000 454000 16
    3rd quarter 599000 739000 23
    4th quarter 570000

    Source :US customs

    From the figures given above , we can see that the exports of jeans from India registered a fall of 8% in the first quarter of 2007 compared to the first quarter of 2006. However, the second and the third quarter have seen a steady increase in exports of jeans to US inspite of the appreciation of rupee.
    On the other hand, the exports from Bangladesh continue to register a robust increase in all the three quarters of 2007..Bangladesh,in any case, has a huge lead over India in exports of Jeans and it seems to be increasing the gap further.
    What is interesting is that the exports from India have not registered a fall despite the huge appreciation of rupee. This signifies that the additional capacities of jeans manufacturing have been created in India and the increase in exports would have been very significant, had the rupee not appreciated so much.
    However, the next 2 quarters would show whether the Indian companies can sustain the growth in exports despite rupee appreciation or not – though i believe that the exports may grow stably given the excess capacities available in the industry..