Menswear Market Overview in the USA
In value terms, menswear production stood at $ in . Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by % year-to-year. Menswear production peaked in and is expected to retain growth in the immediate term.
The size of the menswear market in the U.S. declined significantly to $ in , falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a dramatic decline. The pace of growth appeared the most rapid in 2018 with an increase of % year-to-year. Over the period under review, the market attained the peak level at $ in 2019, and then dropped markedly in the following year.