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US records a growth in underwear imports

As per Statista, a global market research company, the underwear market in the US is expected to grow annually by 2.3 per cent (CAGR 2018-2021). The market witnessed a growth of 1.22 per cent on year-on-year basis in 2018. The total value of imports was $1133.30 million. However, quantity of these imports declined by 2.91 per cent.

In terms of exports to the US, China posted a decline of 1.82 per cent to earn $239.82 million. Vietnam posted a strong growth of 11.44 per cent as the country exported underwear worth $185.39 million to the US, pacing up to match China’s shipment value. India surpassed Sri Lanka in the first four months of 2018 generating $104.54 million from underwear export. On the yearly basis, India grew 7.94 per cent whereas exports from Sri Lanka declined drastically by 8.64 per cent. The country shipped $90.77 million worth of underwear to the US during the period.

 

 
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