Imports Of Denim into USA From Vietnam | 2015-2017

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Even after the cancellation of much awaited TPP between USA and Vietnam , Vietnam is still an important player in exporting apparel to USA . In fact it is now the second largest exporter of apparel to US.   Though there are no hopes for TPP to re-emerge in its original form, we see a number of initiatives being taken on bilateral basis between US and Vietnam and in the coming months during President Trump’s travel in November, we might find some agreements emerging. On the other hand the FTA with EU is almost final and if all goes well, we might see it being implemented from 1st Jan 2018.

Though denim is still not as big as exports for the nation, it is steadily picking up as a category .Vietnam is increasingly focusing on it looking at the potential of exports and also with spillovers coming from China and other countries. The two quarters of 2017 show a very encouraging 50% increase in exports in this segment over 2016 figures and it may well pick up further in the coming months. It may also be mentioned that there is a vibrant local market for jeans which was being served by Chinese exports for many years. This is being replaced by Vietnamese local products and will help give further impetus to the productions.

In this report , we did a detailed analysis of Import of Denim , which includes Denim Apparel for both Men and Women) ,  into USA from Vietnam from the year 2015 up to the second quarter of 2017.                                                 

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Particulars

1.

Table showing the imports of All denim apparel into USA from Vietnam for the period 2015 – 2017

2.

Graph showing the imports of All denim apparel into USA from Vietnam for the period 2015 – 2017

3.

Graph showing the Average price of All denim apparel into USA from Vietnam for the period 2015 – 2017

4.

Table showing the imports of Men’s / Boys Jeans into USA from Vietnam for the period 2015 – 2017

5.

Graph showing the imports of Men’s / Boys Jeans into USA from Vietnam for the period 2015 – 2017

6.

Graph showing the Average price of Men’s / Boys Jeans into USA from Vietnam for the period 2015 –  2017

7.

Table showing the imports of Women’s / Girls Jeans into USA from Vietnam for the period 2015 – 2017

8.

Graph showing the imports of Women’s / Girls Jeans into USA from Vietnam for the period 2015 – 2017

9.

Graph showing the Average price of Women’s / Girls Jeans into USA from Vietnam for the period 2015 – 2017

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1. Imports of All Denim Apparel

The first six month of year 2017 looks promising as 9.18 million pcs of denim apparel at an average price of USD 8.3/PC has been exported to USA and if this trend will follow till year end , the figures will be closed to 19 million pcs of denim apparels which will be at least 50% higher than last year. The imports in 2016 were disappointing and that may be attributed to the setback of TPP . The imports dropped to 13.38 million pcs which is approx. 30% lesser that what it exported in the year 2015.

Year of Import

All Denim Apparel (Million Pcs)

Total Value (Million USD)

Average Price(USD / PC)

2015

19.13

162.20

8.5

2016

13.38

114.57

8.6

2017 ( Upto Q2)

9.18

76.50

8.3

Imports Of Denim into USA From Vietnam |2015 - 2017

Imports Of Denim into USA From Vietnam |2015 - 2017

2. Men’s / Boys Jeans.

Segregating Denim Apparels into both Men and Women , we found Women jeans cheaper than Men’s one . The average price for Men’s jeans for the year 2017 is USD 9.2/Pc however for the women’s jeans , it is USD 8.0/pc . However,   export of Women jeans is approx. two and half times to the export of Men’s Jeans in the first half of 2017 . First six month of 2017 is showing an increasing trend with 2.56 million pcs for Men’s Jeans and 6.53 million pcs for Women’s jeans . The year 2016 was disappointing for both the category as both segments suffered a decline in import close to 30% .

Year of Import

Men’s / Boys Jeans(Million Pcs)

Total Value (Million USD)

Average Price(USD / PC)

2015

5.75

51.82

9.0

2016

3.84

34.94

9.1

Q2|2017 *

2.56

23.61

9.2

Imports Of Denim into USA From Vietnam |2015 - 2017

Imports Of Denim into USA From Vietnam |2015 - 2017

b. Women’s / Girls Jeans

The figures below show that we can perhaps look at the figures of over 13 million pcs in women’s jeans alone in the current year. This is very encouraging trend and it may be actually become an inflexion point for the exports to take off next year as treaties set in. One also needs to remember that US market is not really growing , so whatever growth is there , it might be in form of shifting of exports from countries like China. We also see a number of new denim apparel projects coming up in Vietnam and this may give further fillip to the exports. Another point to be remembered is that the figures mentioned do not capture denim shirtings – which still fall in the overall shirting categories . Hence those are additional exports. All in all, we feel there is a strong future for the denim exports market from Vietnam.

Year of Import

Women’s / Girls Jeans(Million Pcs)

Total Value (Million USD)

Average Price(USD / PC)

2015

13.38

110.37

8.3

2016

9.35

78.10

8.4

Q2|2017 *

6.53

52.19

8.0

Imports Of Denim into USA From Vietnam |2015 - 2017

Imports Of Denim into USA From Vietnam |2015 - 2017

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Denimsandjeans India

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