EntryIndia
Products that were in high demand in the US in 2021
Know which of the top categories show the most selling and sourcing activity at the end of 2021 in the US and prepare yourself for 2022.
Below are the Shopping numbers from the current Holiday period
- Total sales of 2021 holiday season anticipated being in the range of $843 bn to 859 bn.
- Sales for holiday season expected to rise by up to 10.5% over $773.3 bn in 2020.
- Online sales are also predicted to increase to over $226 bn -- an increase of 15%.
- On average, U.S. consumers plan to spend $997 on gifts and holiday items next year.
- Due to the strains in supply chains and delays in shipping, around 43% of consumers began their Christmas shopping in October.
- 1 out of 10 people will return gifts to the shop.
- U.S. millennials plan to spend approximately $50 on pets this Christmas season.
Top Categories with the Most Sourcing Activity in US Month Over Month
We’re looking back at some of the industry reports to see how those supply chain shifts and changes in demand for specific products affected the industrial sector over the course of the past year.
The sourcing surge was fueled by COVID-related supply chain disruptions, a spike in building material demand driven by the resurgence of construction and infrastructure projects, and growth in consumer demand for home improvement materials.
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Moving Away from China: Now, that there is a wave against Chinese products in the US, there is an immense opportunity for Indian suppliers to fill the gap and create winnings in the US market.
To make this magic happen for you so that your company also gets a piece of this business, start to prepare now to create success in 2022.
So, are you ready to expand to the US?
Data / Content Source: Thomas Index