The USA Sourcing Trend Are Changing Now
Statistics show that in the first half of 2018, China's apparel market share in the United States dropped to less than 30 percent, while Vietnam's share rose to more than 15 percent. In the second quarter, the us clothing import volume only increased by 0.5% year-on-year, the import volume increased by 2.7% year-on-year, and the average import unit price increased by 2.2% year-on-year. Imports of Vietnamese clothing rose nearly 5 percent in the second quarter after rising 1.7 percent in the first quarter.
As production costs continue to rise in Vietnam, demand for us clothing imports has begun to shift to Bangladesh and Cambodia. In the second quarter, U.S. clothing exports to Bangladesh and Cambodia were up 9 percent and 11.7 percent year on year, respectively.
Compared with the same period last year, the unit price of American clothing imports rose in the first half of the year, with the average unit price in Vietnam rising 2.8 percent year on year and falling 4.6 percent year on year in the same period last year. Average unit prices in Honduras surged 6.9 percent, compared with a 2.3 percent drop in the same period last year.
Vietnam's clothing exports to the us have been the most impressive over the past five years, surging 57 per cent, while China and Bangladesh have risen only 10 per cent and 16 per cent.