Review of U.S. Imports January July 2010

Transcription

1 Nº 3 September 2010 Year 11 Cotton Product Sourcing Situation and Outlook: Economic Recovery Lifts Cotton Apparel Orders in the Western Hemisphere Review of U.S. Imports January July 2010 By Julia K. Hughes President International Development Systems Even though many consumers remain cautious, sourcing of cotton apparel rebounded during the first seven months of The recession is officially over. And many U.S. retailers and apparel brands are finally willing to place more orders for back-to-school and the holiday selling season. Perhaps no region felt the chill in the economy during 2008 and 2009 more than Western Hemisphere suppliers. The good news is that most Western Hemisphere production is growing, even if not yet back to the pre-recession levels. Almost all of the key Western Hemisphere countries that manufacture apparel expanded trade during the first seven months of And many have double-digit growth in shipments bouncing back even faster than some Asian producers. There continue to be political concerns for the Western Hemisphere. The Free Trade Agreement with Colombia seems no closer to approval. And unfortunately once again there is a debate about whether the Congress will extend the Andean Trade Promotion and Drug Eradication Act (ATPDEA). ATPDEA expires on December 31, While there is little opposition to duty-free benefits for the Andean countries, the mid-term elections complicate the Congressional schedule and leave little time for votes on any issue. So some U.S. companies are concerned that there may not be an extension before The uncertainty is the only negative indicator for the region. The good news is that U.S. retailers and apparel brands, and their customers, are cautiously optimistic that the recovery will continue. 1

2 Cotton Apparel Imports Global demand for cotton remains strong. Cotton apparel imports are up, particularly from the Western Hemisphere. And so are U.S. exports of cotton yarns and fabrics to Western Hemisphere manufacturers. Looking ahead, the second half of 2010 should be a good year for the entire industry. Following is a list of the top twenty suppliers of cotton apparel to the U.S. during the first seven months of 2010, along with the growth rate from January through July China remains the top U.S. supplier of cotton apparel with imports up by 26 percent. So far in 2010, the fastest-growing cotton apparel producers in addition to China are Honduras, El Salvador, and Cambodia. U.S. imports from these countries grew by more than 20 percent in País Participación Crecimiento 1. China 32.6% 25.9% 2. Bangladesh 8.4% 5.3% 3. Vietnam 7.7% 17.6% 4. India 6.5% 5.0% 5. Honduras 6.3% 20.1% 6. Indonesia 5.2% 15.6% 7. Pakistan 4.4% 6.8% 8. Mexico 4.1% 7.2% 9. El Salvador 4.0% 28.4% 10. Cambodia 3.9% 28.1% 11. Thailand 2.2% 19.5% 12. Nicaragua 1.6% 19.4% 13. Guatemala 1.6% 9.2% 14. Sri Lanka 1.5% -7.8% 15. Philippines 1.5% -0.9% 16. Haiti 1.3% -6.2% 17. Egypt 1.1% 1.3% 18. Dominican Rep. 0.8% -19.9% 19. Malaysia 0.6% -13.0% 20. Costa Rica 0.5% -17.8% 2

3 Major U.S. Apparel Imports from Western Hemisphere Suppliers Western Hemisphere countries continue to be a major source for U.S. imports of cotton apparel. The Western Hemisphere supply chain remains a successful competitive strategy for making cotton apparel. Following is a review of the most important cotton apparel imports. Cotton Knit Tops (category 338/339) U.S. total imports from January through July 2010: 251,217,678 dozen or 3.0 billion knit tops 1) China 2) Vietnam 3) Honduras 4) Indonesia 5) Guatemala 6) Mexico 7) El Salvador 8) India 9) Pakistan 10) Nicaragua 11) Cambodia 12) Bangladesh 13) Haiti 14) Peru 15) Dominican Republic 14) Honduras 15) Guatemala Cotton Underwear (Category 352) U.S. total imports from January through July 2010: 134,869,561 dozen or 1.6 billion pairs of underwear 1) Honduras 2) China 3) El Salvador 4) Bangladesh 5) India 6) Thailand 7) Vietnam 8) Haiti 9) Sri Lanka 10) Dominican Republic 11) Philippines 12) Costa Rica 13) Cambodia 14) Pakistan 15) Nicaragua Cotton Trousers and Shorts (category 347/348) U.S. total imports from January through July 2010: 120,201,036 dozen or 1.4 billion pairs of trousers 1) China 2) Bangladesh 3) Vietnam 4) Mexico 5) Indonesia 6) Cambodia 7) Egypt 8) India 9) Pakistan 10) Sri Lanka 11) Nicaragua 12) El Salvador 13) Jordan 3

4 Parkdale P.O. Box 1787 Gastonia, NC Phone: (704) Ext Fax: (704) Contact name/number Charles Heilig, Phone: (704) ext 5147 Fax: (704) Dan Morrison, Phone: (704) Fax: (704) List of senior management Mr. W. Duke Kimbrell, Chairman of the Board Mr. Anderson Warlick, CEO, President & COO Mr. Charles Heilig, Vice President of Sales History of company Parkdale is proud to be the largest sales yarn spinner in the world. We are also the largest single consumer of cotton, using in excess of 25,000 bales of cotton per week. We have 29 state-of-the-art mills producing over 16,000,000 lbs. of yarn per week. We employ open-end spinning, ring-spinning, and Murata Air Jet spinning. Our yarns are knitted or woven in a variety of end uses. We offer the widest count range available from any spinner. We provide yarns in 100% cotton, numerous poly/cotton blends, as well as 100% polyester. We employ an engineered cotton selection that includes Pima cotton and Egyptian cotton. We have the largest combing capacity in this hemisphere. To maintain our industry leading position, we have constantly modernized, insuring that our plants are equipped with the latest techniques. This state-of-the-art infrastructure combined with newly acquired assets enables us to offer a wide array of new products and to add additional value to our existing product line. We are proud to proclaim that Parkdale is the premier manufacturer of cored yarn. We have the capacity to produce Lycra/Spandex cored yarns in counts from 6/1 to 36/1 ne. Indeed, we can offer virtually any combination of core and/or wrap fiber combination. Amsler slub yarns are also offered in both open-end spun and ringspun varieties, done in all cotton, poly/cotton, and poly/rayon blends. All cotton yarns are available in open-end, ring spun yarns that employ long staple Pima cotton for a very strong yarn with a luxurious hand. We are proud to be a prominent supplier of yarns made from 100% Egyptian cotton as well as various blends of Egyptian cotton and polyester. These yarns are available in both carded and combed cotton varieties of open-end and ring spun yarns. We have several new fibers used in our product range. Recognizing the market demand for performance fabrics, we offer yarns employing DAK's Hydrotec fiber that affords the finest moisture management available today. Our count range has enlarged as we are now able to offer quality yarns in counts heretofore not available anywhere in the marketplace. We spin open-end yarns from 2/1 to 50/1 Ne. These additions offer our customers significant cost reductions over the yarns they previously employed. The PremaTouch Collection is our latest innovation and offers yarns that knit into fabrics with velvet-soft hands. Available in counts from 8/1 to 60/1 Ne, PremaTouch yarns are the preferred path to a more luxurious garment. Innovation is standard issue in the lexicon at Parkdale. We are bringing to our customers products that fulfill current needs, as well as and more importantly, keeping them in the forefront of their markets. These new products offer new styling opportunities, improved product quality, as well as significant price advantages. We intend to continue to push the boundaries of technology, enabling our customers to enjoy the benefits of the new products that ensue. Products: 100% cotton ring spun yarns, 8/1-40/1 Ne, combed (6/1 36/1 carded) 100% cotton open-end and soft spun yarns, 6/1-30/1 carded,6/1-36/1 N Air Jet yarns, 10/1-40/1 Ne, carded Heathers, 5/1-30/1 Ne, combed and carded Evergreen yarns, open-end, 5/1-20/1 Ne Organic cotton yarns, open-end, 6/1-30/1 Ne End Products Supplied Knitting yarns Weaving yarns Hoisery yarns Industrial Yarns Specialty Yarns 4

5 Tuscarora Yarns, Inc East Franklin Street P.O. Box 218 Mt. Pleasant, NC Phone: (704) Fax: (704) Contact name/number David Roberts, Chief Operating Officer Phone: (704) Fax: (704) Dee Dee Harris, Director of Marketing Phone: (704) Fax: (704) Mr. Ron Comer, Vice President of International Sales Phone: (704) Fax: (704) List of senior management Martin B. Foil, Chaiman & CEO Davis Roberts, COO Ervin Johnson, Vice President, Finance Dean R. Cobb, Executive Vice President, Manufacturing Andy Wheeley, Vice President, Product Development and Special Projects Joe McLester, Vice President, Customer Service Phil Absher, Vice President, Human Resources History of company 8YWGEVSVE =EVRW LEW FIIR E VIPMEFPI WTYR ]EVR WSYVGI JSV XLI ETTEVIP ERH XI\XMPI MRHYWXV] WMRGI 3ZIV XLI TEWX ]IEVW XLI GSQTER] LEW KVS[R XS FI XLI PEVKIWX QERYJEGXYVIV MR XLI 9RMXIH 7XEXIW SJ GSXXSR LIEXLIV Qq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enabling it to develop customer color submits in a matter of minutes. Orders are TVSGIWWIH [MXL E NYWX MR XMQI EXXMXYHI [LMPI QEMRXEMRMRK XLI LMKLIWX UYEPMX] WXERHEVHW 8YWGEVSVE =EVRW [SVOW [MXL E [MHI VERKI SJ JMFIVW XS TVSHYGI LIEXLIVW WSTLMWXMGEXIH QqPERKIW QSGO X[MWXW WSPMHW ERH SXLIV WTIGMEPX] ]EVRW 8LMW PMWX SJ JMFIVW MRGPYHIW FYX MW RSX PMQMXIH XS GSXXSR TSP]IWXIV EGV]PMG VE]SR 1SHEP 8IRGIP JPE\ [SSP ERH WMPO 1ER] SJ XLIWI GER FI WTYR MR XLIMV JSVQ SV GER FI FPIRHIH [MXL SRI ERSXLIV =EVRW EVI SJJIVIH MR GEVHIH WIQM GSQFIH ERH *MZI 7XEV &VERH JYPP] GSQFIH UYEPMXMIW 8LI KIRIVEP GSYRX VERKI MW JVSQ XS YXMPM^MRK FSXL VMRK WTYR ERH STIR IRH WTMRRMRK 4PMIH ]EVRW are available in the full count range and in both spinning types. Slub yarns and nub yarns are EPWS EZEMPEFPI 8YWGEVSVE SJJIVW TEGOEKI H]IH ]EVRW EMV NIX WTYR ]EVRW ERH XIGLRMGEP JMFIV yarns through partner companies. 8LVSYKL 8YWGEVSVE W MRXIVREXMSREP WEPIW ERH QEVOIXMRK SVKERM^EXMSR FYWMRIWW GER FI IJJMGMIRXP] LERHPIH SR E KPSFEP WGEPI 8YWGEVSVE W FMPMRKYEP WXEJJ LEW VIGIMZIH I\XIRWMZI education in international sales and documentation in preparation for handling all aspects SJ MRXIVREXMSREP XVEHI 8YWGEVSVE EPWS SJJIVW TEGOEKI H]IH WTIGMEPX] W]RXLIXMG ERH VIG]GPIH cotton yarns through partner companies. Products 'SXXSR,IEXLIV ERH 1IPERKI =EVR 6MRK 7TYR ERH 3TIR )RH 2I 7MRKPI ERH 4PMIH 'SXXSR ERH 4SP]IWXIV &PIRHIH,IEXLIV =EVRW 6MRK 7TYR ERH 3TIR )RH 2I 7MRKPI ERH 4PMIH 'SXXSR ERH 6E]SR &PIRHIH,IEXLIV =EVRW MRGPYHMRK 1MGVS 1SHEP 1SHEP ERH 8IRGIP Ring Spun and Open End, 4-40 Ne, Single and Plied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roducts of Special Interests 3VMKMREP :MRXEKI 7XVIEO] 8VMFPIRH =EVR 4EXIRXIH *MZI 7XEV &VERH 'SQFIH 'SXXSR,IEXLIV =EVR &EQFSS *MFIV MR 2EXYVEP ERH,IEXLIVW )\GMXI 1YPXM 'SPSVIH 7STLMWXMGEXIH 1IPERKI =EVR 6IXVSWTYR,IEXLIV =EVR 8VMJIGXE 'SPPIXMSR )GSRSQ],IEXLIV 0MRI %GV]PMG 'SXXSR 4SP]IWXIV &PIRH 1S\MI 4MIGI (]I 1SGO 8[MWX =EVR 7LERXYRK 7XVMEXIH 'SPSVIH 7PYF 2YF =EVR MR 'SXXSR ERH 'SXXSR 4SP]IWXIV &PIRH %RXM 1MGVSFMEP =EVRW 6IG]GPIH 4SP]IWXIV =EVR 4VS8YVE QSHMJMIH GSXXSR [MXL YRMUYI H]I GETEFMPMXMIW End Products Supplied /RMX ERH ;SZIR %TTEVIP,SQI *EWLMSRW 9TLSPWXIV] -RHYWXVMEP *EFVMGW 5

6 Zagis USA 1017 Calle Saint John Lafayette, LA Telephone: (337) Fax: (337) Contact Name / Number Steve Johnston, Director of Marketing Office: (337) Fax: (205) sjohnston@zagisusa.com Don Cassell, Director of Sales Office: (865) Fax: (865) dcassell@zagisusa.com List of senior management Salomon Zaga Kalach, Chairman of the Board Rafael Zaga Saba, Secretary-Treasurer Daniel Feibus, President & CEO History of company Zagis was founded in Mexico in 1980 and today is the leader in natural and synthetic textile fiber spinning in Latin America. Since its foundation as a family company, Zagis has been managed with clear objectives to maintain a professional level and a high quality product through the use of the latest technology. Continuing its commitment to these objectives, Zagis USA was formed in Louisiana in 2007 to build the most modern open end spinning plant in the world. The first plant will be in full production in 2009 to consistently produce the highest quality 100% cotton open end yarn incorporating only state-of-the-art technology. Transportation time and costs, critical factors in the supply chain, were an integral part of Zagis decision to build its plant in Louisiana. Zagis USA is located near the heart of the cotton belt on Interstate 10 and adjacent to a Union Pacific main rail line. Additionally, this location has the closest proximity to several major ports along the coast of the Gulf of Mexico. Zagis USA has assembled an experience team to compliment its capital investment and ensure that its customers will be provided with unsurpassed quality and service. Products 100% cotton open end spun yarns End Products Supplied Circular Knits Hosiery Weaving Industrial Medical 6

7 U.S. and World Cotton Economic Outlook September 2010 August 1 marks the beginning of the new crop year with regards to USDA s statistical reporting. The new U.S. crop, estimated currently at million bales, 6.7 millions bales more than the previous year. U.S. offtake is expected to be 19.1 million bales, which will reduce stocks to 2.7 million bales a 14% stocks to use ratio the lowest since the crop year. USDA has estimated supply and demand forecast for both the U.S. and the world for the crop year. It is compared with the previous year s crop in the tables below. U.S. Cotton Fiber Supply/Demand Beginning Stocks Production Imports Domestic Consumption Exports Ending Stocks Source: USDA Looking at the world totals, USDA estimates give a crop of 117 million bales, 16 million bales above the 2009 crop of 101 million bales. Consumption estimates of 120 million bales outpace production by around 3 million bales and reduces estimated ending stocks to 45 million bales the lowest since the 1994/95 crop. Beginning Stocks Production Consumption Ending Stocks World. Cotton Fiber Supply/Demand China s cotton production in is estimated at 32.5 million bales, the same as the previous year. Consumption in China is estimated at 50.0 million bales, up from consumption estimated at million bales. 7

8 COTTON COUNCIL INTERNATIONAL HEADQUARTERS & LATIN AMERICA 1521 New Hampshire Avenue, NW Washington, DC 20036, USA Phone: (202) Fax: (202) Vaughn Jordan, International Program Director CBI OFFICE: Centro Comercial Plaza Colonial Oficina 1-11A, San Rafael de Escazú San José, Costa Rica Phone: (506) / Fax: (506) Floribeth González-Schuyler Regional Manager, CBI Region floribeth.schuyler@cotton-cr.com ANDEAN OFFICE: Cra. 14 No. 94A-44 Office 402 Bogota, Colombia Phone: (57) Fax: (57) Nina Maldonado, Regional Manager, Andean Region nina@cottonusaandean.com KOREAN OFFICE: Leema Building, Suite 303, Soosong-Dong, Chongro-Ku Seoul , Korea Phone: ( ) /2 Fax: ( ) Won-Jung Choi Administrative Manager wchoi@cotton.org COTTON INCORPORATED HEAD OFFICE 6399 Weston Parkway Cary, NC 27513, USA Phone: (919) Fax: (919) LATIN AMERICA OFFICE: Av. Insurgentes Sur C Mexico, DF, Mexico Phone: (52-55) Fax: (52-55) Jaime Flores, Director, Supply Chain Marketing Latin America Global Account Management Group jflores@cottoninc.com