While falling short of the cumulative gains of 25% of the overall apparel industry, U.S. jeans imports rose 9.42% in the first four months of the year compared to the same period in 2020 to reach a value of $ 886.15 million, according to the data. the Textiles and Clothing Bureau of the Department of Commerce (OTEXA).
The comparisons are influenced by the economic impact of Covid, with the months of March and April of this year being part of the opening up of the economy, while around the same time last year was the start of widespread shutdowns in as the virus spread. On the flip side, January and February 2020 had normal consumption and retail patterns, while those months of 2021 still featured the first few days of vaccinations and still slow demand.
“The United States is clearly ahead of the curve, and the consumer is behaving strongly, showing signs of responding to pent-up demand, being much more comfortable going out and shopping in stores, and very willing to spend on clothes and accessories ”Guess Inc. CEO Carlos Alberini said while discussing the first quarter results.
Despite rising demand and sales, jeans brands are monitoring inventory levels with caution and trying not to import more than sales models indicate. Reporting its position in the first quarter, PVH Corp. said it continued to closely manage its inventories, which fell 7% at the end of the quarter.
With these factors in play, six of the top 10 suppliers of blue denim clothing saw their shipments increase to the United States, while four saw declines.
Imports of jeans from Bangladesh’s top supplier increased 10.02 percent in the four-month period to $ 164.27 million, OTEXA reported. It was joined in the push by its Asian neighbors, China, with an increase of 23.68% to 92.03 million; Pakistan, up 12.07% to $ 88.12 million, and Cambodia, up 5.61% to $ 50.54 million.
The Western Hemisphere was represented in the boom by the second largest source of production, Mexico, with its imports to the United States increasing 25.07 percent to $ 180.18 million during the period, and Nicaragua, up 26.41 percent to $ 32.59 million. Imports from Turkey increased 62.27% to $ 18.67 million.
The top 10 suppliers losing ground in the four-month period were Vietnam, down 2.86% to $ 97.47 million; Egypt, down 21.91% to $ 31.7 million, and Sri Lanka, down 7.47% to $ 17.08 million.