Bangladesh goes former China to become top rated supplier of cotton trousers to USA
Image: Collected
There is absolutely no stopping for Bangladesh regarding apparel exports!
And, the country yet again proved its rising dominance by beating China found in cotton trousers exports to USA during Jan.-Apr. ’19 period. Bangladesh is currently the very best supplier of cotton trousers in the US market with US $ 886.52 million worth of shipment, while China slipped to 2nd place with US $ 869.51 million export value. In the corresponding amount of the prior season, Bangladesh stood at US $ 783.71 million, whereas China stayed far before Bangladesh and shipped trousers valued at US $ 941.11 million.
China tumbled by 7.61 per cent this season in value-terms allowing Bangladesh to grab the shift and record a surge of 13.12 % found in the first four months of 2019. Not just value-sensible, China plunged massively in volume terms aswell. It shipped just 16.19 million dozen of trousers to USA, declining 12.54 per cent on the yearly note.
However, Bangladesh shipped 15.53 million dozen of cotton trousers to USA, marking 7.73 % surge on Y-o-Y basis. Bangladesh drastically kept its product prices (US $ 57.07 per dozen) less than other Asian developing destinations except Indonesia (in top 10 tally) whose unit prices were US $ 51.14 per dozen. Despite offering the cheapest device prices, Indonesia dwindled by 6.90 % to ship US $ 196.48 million as compared to US $ 211.04 million in the same amount of last year.
India, found in the review period, grew 15.05 per cent in its cotton trousers export to USA and valued at US $ 134.12 million. Despite growth to arrive, India stood at 8th rank which is not in sync with India’s reputation considering the country is normally traditionally abundant with cotton. What is worth noting is usually that even countries like Pakistan and Cambodia are before India with US $ 163.94 million (up 4.43 %) and US $ 144.12 million (up 4 %), respectively.
Interestingly, India is still lagging behind Pakistan and Cambodia possibly after offering lower device prices to the buyers and that’s a significant concern for the country’s exporters. India UVR (unit benefit realisation) stood at US $ 64.08 per dozen, while Pakistan and Cambodia offered unit prices US $ 74.70 per dozen and US $ 66.48 per dozen, respectively.
It’s worth noting in this article that, through the said period, USA imported cotton trousers worth US $ 4.14 billion, growing 4.09 % on Y-o-Y basis.
Source: https://apparelresources.com