The wearing apparel manufacturing output in the US showed fluctuating trends over the past decade. After a consistent decline in early years (2013-2017), a slight recovery was seen in 2019. However, the pandemic-induced significant drop in 2020 impacted the overall trend. The output rebounded sharply in 2021, only to decline again slightly in 2022 and stabilize in 2023 (standing at $10.55 billion). The last two years displayed a -15.36% and +0.96% year-on-year variation. The 5-year CAGR reveals an average change of -2.15%, implying a gradual decline forecast up to 2028.
Future trends to watch for include:
- Industry recovery post-pandemic and any stabilizing factors
- Technological advancements tailored to enhance manufacturing efficiency
- Trends in consumer behavior towards sustainable and locally produced apparel
- Impact of global trade policies and tariffs on the US apparel industry
- Potential disruptions from emerging markets and competitor nations
