Northern America: Non-Cotton Terry Towelling Market 2024

Non-Cotton Terry Towelling Market Size in Northern America

The North American non-cotton terry towelling market was finally on the rise to reach $X in 2021, after two years of decline. The total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Non-Cotton Terry Towelling Production in Northern America

In value terms, non-cotton terry towelling production reached $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 20%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Non-Cotton Terry Towelling Exports

Exports in Northern America

In 2021, overseas shipments of terry towelling (excluding of cotton) decreased by -32.3% to X square meters, falling for the second year in a row after four years of growth. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 252% against the previous year. The volume of export peaked at X square meters in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, non-cotton terry towelling exports fell remarkably to $X in 2021. In general, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2013 when exports increased by 158% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of terry towelling (excluding of cotton), namely the United States, represented more than two-thirds of total export.

The United States was also the fastest-growing in terms of the terry towelling (excluding of cotton) exports, with a CAGR of +3.8% from 2012 to 2021. The United States (+27 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest non-cotton terry towelling supplier in Northern America.

In the United States, non-cotton terry towelling exports contracted by an average annual rate of -2.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per square meter, reducing by -5.4% against the previous year. Over the period under review, the export price recorded a abrupt slump. The pace of growth was the most pronounced in 2014 an increase of 30%. Over the period under review, the export prices reached the peak figure at $X per square meter in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -6.2% per year.

Non-Cotton Terry Towelling Imports

Imports in Northern America

In 2021, purchases abroad of terry towelling (excluding of cotton) increased by 32% to X square meters for the first time since 2018, thus ending a two-year declining trend. Overall, imports posted a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of 245%. Over the period under review, imports reached the peak figure at X square meters in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, non-cotton terry towelling imports skyrocketed to $X in 2021. In general, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of 177% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Canada dominates imports structure, reaching X square meters, which was approx. 93% of total imports in 2021. It was distantly followed by the United States (X square meters), constituting a 5.9% share of total imports.

Canada was also the fastest-growing in terms of the terry towelling (excluding of cotton) imports, with a CAGR of +36.5% from 2012 to 2021. The United States (-8.5%) illustrated a downward trend over the same period. While the share of Canada (+64 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United States (-60.8 p.p.) displayed negative dynamics.

In value terms, Canada ($X) constitutes the largest market for imported terry towelling (excluding of cotton) in Northern America, comprising 78% of total imports. The second position in the ranking was taken by the United States ($X), with a 20% share of total imports.

In Canada, non-cotton terry towelling imports expanded at an average annual rate of +29.4% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per square meter in 2021, rising by 30% against the previous year. Overall, the import price, however, saw a abrupt curtailment. Over the period under review, import prices reached the maximum at $X per square meter in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per square meter), while Canada amounted to $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :