Industry Analysis & Industry Trends
The industry is declining due to competitively cheap imports severely cutting into market share. The premium denim segment has been growing, especially in exports, but it is not enough to offset import penetration. High volatility is created by unpredictable fashion swings, and all but the most adaptable firms are often hung out to dry. There is no real new technology emerging to patch things up for industry players, and so they have been increasingly outsourcing and offshoring to lower-cost countries... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Men's and Boys' Apparel Manufacturing industry is in the decline phase of its life cycle. Industry valued added (IVA), which measures the industry's contribution to the overall economy, has fallen dramatically over the five years to 2013 and is expected to continue falling in the five years to 2018. Over the 10 years to 2018, IVA is expected to decline at an annualized 8.7%, while GDP grows at an estimated average rate of 2.1% per year during the same period.
As another indication that the industry is in decline, the number of industry companies is expected to drop at an average annual rate of 5.0% to 2,043 over the five years to 2013, and are more than likely continue to drop over the next five years... purchase to read more