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Newsletter: March 2006
U.S. Cotton Apparel Imports in
2005
China, Bangladesh, India, Pakistan and Indonesia Takes
the Lead
The U.S. imported 41.142 billion U.S. dollars worth of
cotton apparel in 2005; this represented 10.01 percent growth in value
terms. In quantity terms, the volume expanded 13.9 percent to 12.798
billion square meter equivalents. This was a record, and the import growth
was up sharply from only 2.7 percent in 2004 and 13.9 percent in 2005. A
clear pattern appears to have developed regarding retailers preference to
source cotton apparel.
Despite the mid-year imposition of safeguard quotas on
many key products, U.S. imports of cotton apparel from China expanded 130
percent to 2.544 billion square meter equivalents.
Despite duty-free access, the CAFTA/NAFTA region lost
significant market share. In many cases, the wide array of obligations
placed on these trade deals by the U.S. textile interests have significantly
rendered them ineffective. Mexico actually fell to be the third
largest supplier of cotton apparel for the first time and may soon fall
behind Bangladesh.
U.S. retailers like Bangladesh for cotton apparel. With
labor rates below China, its less-developed status and access to duty-free
cotton, Bangladesh has carved out a significant market share. U.S.
imports of cotton apparel from Bangladesh reached 1.684 billion U.S. dollars
in 2005. Its products remain the cheaper, less valued items. In quantity
terms, Bangladesh shipped 743.9 million square meter equivalents of cotton
apparel to the U.S. This compared to Mexico's 897.2 million square meter
equivalents; however, in value terms, Mexico's shipments were worth 3.987
billion U.S. dollars.
India exported 2.306 billion U.S. dollars of
cotton apparel to the U.S. market, representing 43 percent year-on-year
growth. In volume, exports reached 614.2 million square meter equivalents.
Pakistan was the seventh largest supplier to the
U.S. in volume, with shipments of 509.0 million square meter equivalents;
however, the value of these shipments were only 1.182 billion U.S. dollars,
which reduced it to the twelfth largest supplier.
The big story of 2005 was the emergence of Indonesia
as a top supplier of cotton apparel. In value terms, Indonesia was the
seventh largest supplier, shipping 1.545 billion U.S. dollars worth of
cotton apparel to the U.S. market, representing a 47 percent year-on-year
increase. In quantity terms, Indonesia was the tenth largest supplier, with
shipments increasing 49.5 percent to 402.5 square meter equivalents.
Another country that did not make the top suppliers in
either quantity nor value measurements but gained significant momentum with
retailers was the Philippines. Cotton apparel exports to the U.S. in
2005 reached 1.182 billion U.S. dollars, a gain of 15.56 percent, it was the
fourteenth largest supplier, increasing shipments 16.1 percent to 321.9
million square meter equivalents.
Malaysia managed to maintain its share as the 23rd
supplier and with a 7.8 percent gain for 2005 compared with the previous
year.
US: Top 25
Suppliers of Cotton Apparel Product Imports
Source
%
2001
2002
2003
2004
2005
Chg
World
8,873.0
9,841.3
10,934.5
11,233.6
12,798.1
13.9 China
342.8
653.2
948.3
1,106.3
2,544.3
130.0 Honduras
722.2
782.6
872.0
905.9
927.4
2.4 Mexico
1,145.0
1,123.1
1,021.6
983.6
897.2
-8.8 Bangladesh
602.0
577.2
548.2
550.4
743.9
35.2 El Salvador
516.5
579.9
664.1
654.3
631.5
-3.5 India
250.1
338.8
351.0
430.8
614.2
42.6 Pakistan
290.3
318.4
368.9
439.1
509.0
15.9 Dominican Rep
431.8
463.4
473.6
485.2
485.6
0.1 Cambodia
222.7
279.1
358.1
395.2
419.2
6.1 Indonesia
250.2
247.9
263.4
269.1
402.5
49.5 Hong Kong
474.6
452.6
410.1
413.6
387.0
-6.4 Vietnam
20.5
155.6
421.6
345.2
374.4
8.5 Thailand
240.55
272.4
279.6
291.0
326.8
12.3 Philippines
263.1
285.7
281.1
277.3
321.9
16.1 Guatemala
221.6
260.1
294.6
339.2
317.1
-6.5 Sri Lanka
192.5
191.6
189.6
225.8
276.9
22.6 Costa Rica
273.6
289.3
285.0
271.6
263.7
-2.9 Turkey
273.9
299.8
321.9
255.7
186.8
-27.0 Macau
125.5
133.1
149.0
183.7
180.9
-1.5 Nicaragua
77.2
91.0
113.9
131.4
164.5
25.3 Korea, South
151.1
166.6
160.8
167.3
161.6
-3.4 Jordan
28.0
52.3
77.1
144.9
160.6
10.9 Malaysia
105.7
117.9
123.0
136.6
147.2
7.8 Haiti
72.3
67.1
86.3
105.3
133.0
26.3 Egypt
101.9
107.8
121.5
128.6
125.2
-2.7 Other
1,477.0
1,534.8
1,750.0
1,596.3
1,095.5
-31.4 Unit : in
Million Square Meters |
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