U.S. Apparel Accessories And Other Apparel Market. Analysis And Forecast to 2030
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View PricingApparel Accessory Price in the United States - 2023
Contents:
- Apparel Accessory Price in the United States (CIF) - 2023
- Apparel Accessory Price in the United States (FOB) - 2022
- Apparel Accessory Imports in the United States
- Apparel Accessory Exports in the United States
Apparel Accessory Price in the United States (CIF) - 2023
The average apparel accessory import price stood at $19,371 per ton in August 2023, waning by -3.6% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 6.9% month-to-month. Over the period under review, average import prices reached the peak figure at $21,712 per ton in December 2022; however, from January 2023 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Mexico ($32,885 per ton), while the price for Indonesia ($11,352 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Apparel Accessory Price in the United States (FOB) - 2022
The average apparel accessory export price stood at $82,983 per ton in 2022, approximately reflecting the previous year. Overall, the export price, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2021 when the average export price increased by 20%. The export price peaked at $193,255 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($148,112 per ton), while the average price for exports to Sri Lanka ($56 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+26.8%), while the prices for the other major destinations experienced more modest paces of growth.
Apparel Accessory Imports in the United States
In 2022, imports of apparel accessories and other apparel into the United States expanded sharply to 276K tons, increasing by 13% on 2021 figures. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 12,653% against the previous year. As a result, imports reached the peak of 445K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, apparel accessory imports skyrocketed to $5.6B in 2022. Over the period under review, total imports indicated a modest increase from 2019 to 2022: its value increased at an average annual rate of +1.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -33.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 57%. As a result, imports attained the peak of $8.3B. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Apparel Accessory in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,680 | 5,149 | 1,944 | 2,262 | -5.5% |
| Vietnam | 334 | 578 | 353 | 521 | 16.0% |
| Mexico | 483 | 565 | 382 | 442 | -2.9% |
| Bangladesh | 209 | 198 | 286 | 408 | 25.0% |
| Pakistan | 148 | 144 | 160 | 193 | 9.3% |
| India | 151 | 144 | 156 | 189 | 7.8% |
| Sri Lanka | 131 | 140 | 131 | 170 | 9.1% |
| Taiwan (Chinese) | 72.3 | 84.9 | 103 | 126 | 20.3% |
| Others | 1,091 | 1,338 | 1,056 | 1,266 | 5.1% |
| Total | 5,299 | 8,340 | 4,571 | 5,576 | 1.7% |
Top Suppliers of Apparel Accessory to the United States in 2022:
- China (155.3K tons)
- Bangladesh (21.6K tons)
- Vietnam (20.8K tons)
- Pakistan (12.8K tons)
- Mexico (11.9K tons)
- India (10.6K tons)
- Sri Lanka (6.2K tons)
- Taiwan (Chinese) (5.0K tons)
Apparel Accessory Exports in the United States
For the fourth consecutive year, the United States recorded growth in shipments abroad of apparel accessories and other apparel, which increased by 16% to 5.8K tons in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 148%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, apparel accessory exports skyrocketed to $483M in 2022. The total export value increased at an average annual rate of +8.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 22% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Apparel Accessory in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 116 | 108 | 117 | 137 | 5.7% |
| Mexico | 45.1 | 75.4 | 116 | 133 | 43.4% |
| United Kingdom | 16.3 | 13.6 | 16.2 | 17.6 | 2.6% |
| Australia | 9.4 | 9.6 | 10.5 | 12.5 | 10.0% |
| Japan | 23.2 | 14.0 | 11.7 | 11.6 | -20.6% |
| Chile | 4.7 | 3.9 | 5.4 | 8.8 | 23.3% |
| Israel | 9.5 | 7.2 | 6.3 | 7.7 | -6.8% |
| Peru | 5.4 | 3.0 | 3.6 | 5.7 | 1.8% |
| Guatemala | 2.3 | 1.2 | 2.3 | 5.2 | 31.2% |
| Dominican Republic | 4.4 | 2.8 | 3.2 | 5.1 | 5.0% |
| Panama | 6.8 | 1.5 | 4.3 | 4.9 | -10.3% |
| Italy | 5.4 | 3.1 | 3.8 | 4.2 | -8.0% |
| Sri Lanka | 0.2 | 1.9 | N/A | N/A | 850.0% |
| Others | 127 | 88.2 | 109 | 129 | 0.5% |
| Total | 376 | 334 | 409 | 483 | 8.7% |
Top Export Markets for Apparel Accessory from the United States in 2022:
- Mexico (2046.0 tons)
- Canada (926.9 tons)
- Israel (414.0 tons)
- United Kingdom (229.3 tons)
- Panama (105.3 tons)
- Peru (102.5 tons)
- Dominican Republic (100.8 tons)
- Sri Lanka (100.0 tons)
- Chile (98.1 tons)
- Guatemala (97.0 tons)
- Australia (95.7 tons)
- Japan (90.3 tons)
- Italy (29.0 tons)
This report provides an in-depth analysis of the apparel accessory market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 315990 - Apparel accessories and other apparel manufacturing
Companies mentioned:
- American Apparel
- New ERA Cap Co.
- Magid Glove & Safety Manufacturing Co
- Brighton Collectibles
- Paramount Apparel International
- Bio World Merchandising
- Bollman Hat Company
- Randa Corporation
- Collection Xiix
- Flexfit Llc.
- Pvh Neckwear
- Arena Brands
- Fownes Brothers & Co
- Rhe Hatco
- Worldwide Protective Products
- Intradeco Apparel
- Totes Isotoner Holdings Corporation
- Paramount Holding
- The Credit Specialists
- Wells Lamont Industry Group
- St. John Knits
- US Test Company 341
- Hat Brands Holding Corporation
- Carter Enterprises
- Fossil Partners
- Duck Head
- Hcsb Group
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
830
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This report provides an in-depth analysis of the women's apparel market in the U.S..
830
This report provides an in-depth analysis of the apparel accessory market in the U.S..
116
This report provides an in-depth analysis of the market for knitted apparel other than hosiery, socks, outerwear and undewear in the U.S..
1715
This report provides an in-depth analysis of the hosiery and sock market in the U.S..
1309
This report provides an in-depth analysis of the menswear market in the U.S..
672
This report provides an in-depth analysis of the women's apparel market in the U.S..
203
In January 2023, the growth pace of Apparel Accessory was the most rapid, experiencing a month-to-month increase of 19%. In terms of value, imports of Apparel Accessory reached $413M in August 2023.
166
Imports of apparel accessories saw a significant decrease in value in February 2023, falling to $379M.
962
The revenue of the hosiery and sock market in the U.S. amounted to $2.4B in 2018, jumping by 4% against the previous year....
1877
The U.S. dominates in global imports of hosiery and socks, accounting for a X% share (based on USD). It was followed by the UK and Germany (X% each). In 2015, U.S. hosiery and sock imports totaled X billion USD, which was X million USD (X%) more
1367
The hosiery market of today abounds in numerous types of this accessory: textured, footless, printed, opaque, and leggings just to name a few. A current fashion trend is shape and structure perfection.
356
Imports of Menswear in June 2023 amounted to $2.8B in terms of value.
219
In February 2023, the price of menswear per unit (CIF, US) was $4.6, seeing a decrease of -7.9% compared to the previous month.
610
The revenue of the menswear market in the U.S. amounted to $2.9B in 2018, jumping by 5.6% against the previous year....
203
In January 2023, the growth pace of Apparel Accessory was the most rapid, experiencing a month-to-month increase of 19%. In terms of value, imports of Apparel Accessory reached $413M in August 2023.
166
Imports of apparel accessories saw a significant decrease in value in February 2023, falling to $379M.
