The garment is a basic necessity for anyone. But now it has become the fashion. Garments or clothing accessories are used to look stylish and elegant. And when we talk about the U.S., fashion is in the air in the U.S. Do you know that over 95% of clothing sold in America is imported? In the 1990s, garment production mostly shifted from the U.S., And most of the production shifted to China due to the low-cost ratio. But now it seems to have come back to the U.S. Compared with other countries, the U.S. had the biggest apparel market in 2021. Let’s talk about the growth rate and monthly sales of garments and apparel in the U.S.
U.S. Fashion Industry Growth Rate From (2019-2023)
The U.S. fashion industry is huge and sells hundreds of billions of dollars. Suppose we talk about the sales in 2022 forecast at $473.42 billion. This means the fashion industry growth rate in 2021 is about 8.3%. And it seems to be a fast growth rate from 2019-2023. Downfall seemed in 2020 due to the coronavirus pandemic.
In 2021 Value Of U.S. Apparel And Accessories Imports FROM ASIA
Most of the apparel and accessories imported from Asia to the U.S in 2021. and these apparel worth approx 63 billion dollars that will be imported to the U.S. from Asia in 2021. and imported only 8 billion dollars of apparel and accessories from Central America. It means Asia is the center of apparel and accessories.
Monthly Retail Sales From January 2017 To June 2022
Of Clothing And Accessories Stores In The U.S
When we talk about the average estimated sales value from 2017 to 2022, it is around a 25billion u.s dollars. But 2.76 billion fell in April 2020 due to the covid 19 pandemic.
Best Selling Clothing Products In The U.S.
Fashion is part and parcel of today’s life and also holds a big part of the economy. It is a big industry on this planet. especially in the U.S., the fashion industry revenue rises daily. Let’s discuss some of the best-selling products in the U.S.
Jeans are an everlasting and popular fashion product.
It was invented in the U.S. by Levi, who also invented jeans. The class of denim jackets never allows it to go out of fashion.
Hip-hopers started the trend of bucket hats in the 1980s. And it is used as a functional fashion element to get a cool look in the U.S.
It belongs to the fashion that comes back and gets flexible in a new era. And Most boys love to wear it.
List Of Common Garments Accessories:
- Pocketing fabric
- Collar bone
With a dip of high and low American fashion industry is undoubtedly the bigger in size. Plus, the genre of clothing is more prominent than Italian or French market. Likewise, the above mentioned list of accessories is not the end. There is huge market of printing and embroidering stuff in the U.S. According to a survey, the promotion and printing market relates to custom patches, Direct to garment printing, in house embroidery and labeling personal stuff worth around $20 B.
Overall, the apparel market in the U.S is huge with significant numbers and capital value. Let us know if you would like to add any key aspect we missed to cover.