Cotton trouser has been one of the most imported apparel products in the USA market over the years, and it took a pandemic to reduce its market share from US $ 11.80 billion in 2019 to US $ 9.10 billion in 2020.
However, the start of 2021 is all positive and the import of cotton trousers by the US has gone up by 27.74 per cent in value terms to US $ 4.58 billion and by 38.51 per cent in quantities to 81.68 million dozen during January-May ’21 period – according to the latest OTEXA data.
Bangladesh continued being on top of the tally with US $ 1 billion worth of cotton trouser shipment to USA – marking 15.76 per cent yearly surge.
As far as quantity is concerned, Bangladesh again topped the tally surpassing China with 19.05 million dozen of trousers’ shipment, while the latter exported 17.05 million dozen of cotton trousers to USA and noted 66.52 per cent yearly surge in the review period.
Whereas, China’s value-wise shipment was just US $ 622.38 million (up 49.71 per cent) and this means the unit prices valued as low as US $ 36.50 per dozen of cotton trouser.
The unit prices offered by other manufacturing countries are as follows – Bangladesh: US $ 52.86 per dozen; Vietnam US $ 56.43 per dozen; Indonesia: US $ 45.11 per dozen; Mexico: US $ 110.30 per dozen; Cambodia: US $ 63.27 per dozen; Pakistan: US $ 65.42 per dozen and India: US $ 56.19 per dozen.
This supports the fact that China is still a dominant country when it comes to producing basic commodities in much lower prices than what other manufacturing destinations can offer!