U.S. Textile Bag and Canvas Market - China's Imports Bounces Back after Two Years of Decline

IndexBox has just published a new report: 'U.S. Textile Bag And Canvas Market. Analysis And Forecast to 2025'. Here is a summary of the report's key findings.

The revenue of the textile bag and canvas market in the U.S. amounted to $X in 2018, increasing by X% 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). The market value increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the textile bag and canvas market attained its maximum level in 2018 and is expected to retain its growth in the near future.

Production of Textile Bags And Canvases in the U.S.

In value terms, textile bag and canvas production amounted to $X in 2018. The total output value increased at an average annual rate of +X% from 2013 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2014 when production volume increased by X% against the previous year. Textile bag and canvas production peaked in 2018 and is expected to retain its growth in the immediate term.

Exports from the U.S.

In 2018, the amount of textile bags and canvases exported from the U.S. stood at X tons, growing by X% against the previous year. Over the period under review, textile bag and canvas exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, textile bag and canvas exports reached their peak figure at X tons in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

In value terms, textile bag and canvas exports totaled $X (IndexBox estimates) in 2018. Overall, textile bag and canvas exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Exports peaked at $X in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

Exports by Country

Thailand (X tons), Australia (X tons) and Trinidad and Tobago (X tons) were the main destinations of textile bag and canvas exports from the U.S., with a combined X% share of total exports. These countries were followed by Vietnam, Poland, China, India, Russia, Malaysia, Nicaragua, the Dominican Republic and Costa Rica, which together accounted for a further X%.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Vietnam (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for textile bag and canvas exported from the U.S. were Poland ($X), Australia ($X) and the Dominican Republic ($X), with a combined X% share of total exports. Costa Rica, China, Trinidad and Tobago, India, Nicaragua, Vietnam, Thailand, Malaysia and Russia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Vietnam (+X% per year) recorded the highest rates of growth with regard to exports, over the last five years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average textile bag and canvas export price stood at $X per ton in 2018, waning by -X% against the previous year. Overall, the export price indicated a slight increase from 2013 to 2018: its price increased at an average annual rate of +X% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. In that year, the average export prices for textile bags and canvases reached their peak level of $X per ton, and then declined slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Poland ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+X% per year), while the prices for the other major destinations experienced more modest paces of growth.

Imports into the U.S.

In 2018, the textile bag and canvas imports into the U.S. totaled X tons, rising by X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, textile bag and canvas imports attained their maximum at X tons in 2015; however, from 2016 to 2018, imports remained at a lower figure.

In value terms, textile bag and canvas imports totaled $X (IndexBox estimates) in 2018. Overall, textile bag and canvas imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, China (X tons) constituted the largest supplier of textile bag and canvas to the U.S., with a X% share of total imports. Moreover, textile bag and canvas imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was occupied by Bangladesh (X tons), with a X% share.

From 2013 to 2018, the average annual growth rate of volume from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Bangladesh (+X% per year).

In value terms, China ($X) constituted the largest supplier of textile bag and canvas to the U.S., comprising X% of total textile bag and canvas imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

From 2013 to 2018, the average annual rate of growth in terms of value from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Bangladesh (+X% per year).

After two years of decline, Chinese imports of textile bag and canvas into the U.S. rebounded in 2018, with an increase of X% y-o-y.

Import Prices by Country

In 2018, the average textile bag and canvas import price amounted to $X per ton, standing approx. at the previous year. In general, the textile bag and canvas import price, however, continues to indicate a temperate descent. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average import prices for textile bags and canvases attained their maximum at $X per ton in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Bangladesh ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Indonesia, while the prices for the other major suppliers experienced a decline.

Companies Mentioned in the Report

Dhs Systems, Rainier Industries, Covercraft Industries, Duluth Trading Company, North Sails Group, J & M Industries, Anchor Industries, Thomas Sign and Awning Company, Holland Awning, Outdoor Research, Hdt Expeditionary Systems, Veada Industries, C. R. Daniels, Bestop, Starr Aircraft Products, ADM Corporation, Kenneth Fox Supply Company, Polytex Fibers, Adco Products, Marine Accessories Corporation, Gleason Corporation, Webasto-Edscha Cabrio USA, Outdoor Venture Corporation, Magna Car Top Systems of America, Mpc Group, Ajr Enterprises, Targus Group International, Bluewater Defense, Mondi Bags Usa

Source: IndexBox Market Intelligence Platform