Northern America: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2024

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Northern America

After three years of growth, the North American market for coconut, abaca, ramie and other vegetable textile fibres decreased by -10% to $X in 2022. The total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +26.5% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced in the following year.

Production of Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Northern America

In value terms, production of coconut, abaca, ramie and other vegetable textile fibres stood at $X in 2022 estimated in export price. Overall, production, however, showed a mild contraction. The pace of growth was the most pronounced in 2015 with an increase of 55% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Canada (X tons) remains the largest coconut, abaca, ramie and other vegetable textile fibre producing country in Northern America, comprising approx. 100% of total volume.

From 2012 to 2022, the average annual growth rate of volume in Canada was relatively modest.

In 2022, the average yield of coconut, abaca, ramie and other vegetable textile fibres in Northern America was estimated at X tons per ha, remaining constant against 2021 figures. Overall, the yield showed modest growth. The pace of growth appeared the most rapid in 2015 with an increase of 16%. As a result, the yield attained the peak level of X tons per ha. From 2016 to 2022, the growth of the yield of coconut, abaca, ramie and other vegetable textile fibres failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of coconut, abaca, ramie and other vegetable textile fibres production in Northern America shrank to X ha, therefore, remained relatively stable against 2021 figures. In general, the harvested area continues to indicate a mild slump. The pace of growth was the most pronounced in 2016 when the harvested area increased by 13% against the previous year. Over the period under review, the harvested area dedicated to coconut, abaca, ramie and other vegetable textile fibre production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports in Northern America

Exports of coconut, abaca, ramie and other vegetable textile fibres fell to X tons in 2022, dropping by -14.8% compared with the previous year's figure. Overall, exports, however, continue to indicate moderate growth. The most prominent rate of growth was recorded in 2017 with an increase of 78% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres declined to $X in 2022. The total export value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the United States (X tons) represented the main exporter of coconut, abaca, ramie and other vegetable textile fibres, comprising 62% of total exports. It was distantly followed by Canada (X tons), comprising a 38% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Canada (with a CAGR of +17.5%).

In value terms, the United States ($X) remains the largest coconut, abaca, ramie and other vegetable textile fibre supplier in Northern America, comprising 68% of total exports. The second position in the ranking was held by Canada ($X), with a 32% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States was relatively modest.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, surging by 11% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 21%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.9%).

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports in Northern America

In 2022, supplies from abroad of coconut, abaca, ramie and other vegetable textile fibres decreased by -24.9% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw noticeable growth. The most prominent rate of growth was recorded in 2015 with an increase of 66% against the previous year. The volume of import peaked at X tons in 2021, and then shrank markedly in the following year.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres shrank to $X in 2022. Over the period under review, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 54%. The level of import peaked at $X in 2021, and then reduced in the following year.

Imports by Country

The United States represented the key importer of coconut, abaca, ramie and other vegetable textile fibres in Northern America, with the volume of imports reaching X tons, which was near 81% of total imports in 2022. It was distantly followed by Canada (X tons), creating a 19% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to coconut, abaca, ramie and other vegetable textile fibre imports into the United States stood at +3.5%. At the same time, Canada (+7.7%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +7.7% from 2012-2022. From 2012 to 2022, the share of Canada increased by +5.3 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported coconut, abaca, ramie and other vegetable textile fibres in Northern America, comprising 78% of total imports. The second position in the ranking was held by Canada ($X), with a 22% share of total imports.

In the United States, imports of coconut, abaca, ramie and other vegetable textile fibres expanded at an average annual rate of +6.9% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, rising by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2013 when the import price increased by 36% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.2%).

Source: IndexBox Platform