International trade is increasing with every passing day and resulting in all-time higher imports and exports worldwide. Countries for the purpose of export are producing goods far above then what they can consume within. Top exporting countries of the world play a critical role in the world trade. This map of top jean denim exporting countries highlights the world top countries leading with regards to export.
These countries export the goods and services produced within their countries to most of the countries in the world. These goods and services are then purchased by consumers belonging to different parts of the world. Some of the major exports exported by these countries include textiles and clothing etc. Many retailers/clothing brands have said that without question, denim has passed “the top of the cycle” right now.
Due to anomic demand, and an increasing switch to blends, global denim prices are relatively weak. In terms of trends, a continuing decline in denim capacity over the next few years as inefficient mills in Europe, North America and Asia are dismantled, while at the same time new capacity comes online in China, India, Turkey and Brazil. The growth in these countries and a smaller number of other producers like jean clothing manufacturers in Vietnam, will in time grow to offset declines in less efficient capacity elsewhere.
The cyclical nature of the global denim business seems to indicate a cycle of approximately five years in length, with capacity being added and deleted as fashion and other factors increase and decrease demand for basic denim.
With increasing disposable income and inclination towards western fashion trends, emerging economies are shifting their purchasing patterns towards denim jeans as a part of their casual wear. Higher quality, durability, comfort level, low maintenance, and easy availability are the main reasons for growing demand for denim products amongst the youth.
Despite rising acceptance of denim products across all age groups, demand for men is forecasted to surpass that for women. Evolution of e-commerce has increased accessibility thereby improving distribution channel and facilitating consumption.
Bangladesh, Vietnam and China are the two South East Asian Countries which have been leading the US denim exports charts for the last few years alongwith Mexico. China was struggling few years back due to surging labor prices however now the country is recovering.
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