LONDON--(EON: Enhanced Online News)--As one of the largest producers, consumers, exporters and importers in the global textile and apparel market, the US has successfully maintained its high competitiveness in different sectors, such as textile and apparel shipments, cotton production, and garment sales. Details about these sectors in the US are some of this week’s featured stories on BizVibe. BizVibe is the world’s smartest B2B marketplace and allows users to connect with over seven million companies around the globe.
The US is still a textile manufacturing powerhouse
The total value of US textile and apparel shipments was estimated at USD 76 billion in 2015. The industry has over 579,000 workers employed in its textile supply chain, making it one of the world’s most powerful producers of textile raw materials, yarns, fabrics, apparel and domestic furnishings, and other textile products.
Exports of US textile products increased 38%, reaching almost USD 27.8 billion in 2015. In particular, fibre, yarns, and fabrics are some of the largest segments in the US’ textile exports. Meanwhile, the US imported nearly USD 88 billion worth of appeals in the same year.
US cotton production sets to rise as planting area expands
As one of the top three cotton producing countries in the world, the US is expecting to see its cotton production increase by 7% to 4 million tons or 14.3 million bales in the fiscal year of 2017-18 and cotton planting areas in the US are expanding by 10% to 4.2 million hectares.
Texas is currently the biggest cotton producing state in the US, and its leading position is expected to continue through 2017 as over 200,000 acres of extra planting area has been planned for cotton production.
Amazon sets to become the largest clothing and apparel seller in the US
After expanding its clothing selection and introducing new brands in recent years, Amazon is expected to generate apparel sales of over USD 60 billion and hold a 16% share of the apparel market in the US over the next five years. This means that the e-commerce giant will become the largest clothing and apparel retailer in the US.
Despite the disadvantage of having no physical stores for customers, Amazon’s upwards trajectory is expected to continue as it adds more brands, expanding its clothing and apparel options, continuing to be the first-stop for online shoppers.
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