Between January and August of this year, imports of clothing through the United States totaled $69.275 million. However, only $657 million came out Perui.e. 0.95% of total purchases in this segment by the United States, reported the Manufacturing Management of the Exporters Association (ADEX).
In detail, Asian countries like China, Vietnam, Bangladesh, India, Indonesia and Cambodia were the main suppliers of the North American giant. Mexico, Honduras, Pakistan and Nicaragua followed.
In general, Peru is ranked 20th in the ranking of clothing supplier nations that are exported in four categories. The most important is “cotton clothing”, followed by “synthetic clothing”, “wool clothing” and “other fiber clothing”. Between January and August 2022, they increased by 37%, 36.5%, 33% and 152.9%, respectively, compared to the same period last year.
Juan José Córdova, President of the ADEX Apparel Committee, highlighted the potential of synthetic fabric garments in the United States. “10 or 15 years ago, 70% of consumers in this country wanted cotton and only 30% wanted synthetic fabrics. Now those percentages are being reversed,” he added.
In this way, ADEX predict that by 2025, 55% of shoppers will demand more garments with synthetic fabrics and 45% cotton, leaving companies in an interesting niche market that should be exploited to complement existing offerings.
It is worth mentioning that the shipping of both lines (cotton and synthetic) has developed positively in recent years; however, the most important by FOB amount in US dollars is the first.
According to the statistics of the Guild Manufactory Administration, imports of cotton garments failed between January and July of this year United States of America national origin contributed $420 million, and synthetic fibers $129 million.
One issue worrying businesspeople in the industry is that brands in the United States have frontloaded their purchases and are overstocking Asian-origin garments, which will translate to lower demand in the first two quarters of 2023.
In view of this scenario, they point out that it is more than important to continue working on the positioning of Peruvian garments (cotton and synthetic) on the international markets, taking further advantage of the trade agreement UNITED STATES OF AMERICA, as Asian countries have to pay about 32% tariffs to enter, which gives us a competitive advantage over them.
clothing shipments
According to official data, between January and August this year, apparel exports amounted to 936 million 142 thousand US dollars, which is a growth of 36.9% compared to the same period last year (683 million 636 thousand US dollars).
The United States led the demand, concentrating 133 thousand 68.7% of the total demand thanks to its orders worth $ 643 million. Others included Chile, Canada, Germany, Brazil, Ecuador, Venezuela, France, UK, Mexico, reaching a total of 78 countries.