Northern America: Textile Wadding Market 2022

Textile Wadding Market Size in Northern America

The North American textile wadding market expanded rapidly to $X in 2021, picking up by 6.3% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 9.3% against the previous year. The level of consumption peaked in 2021 and is likely to see steady growth in years to come.

Textile Wadding Production in Northern America

In value terms, textile wadding production expanded modestly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 9.6%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Textile Wadding Exports

Exports in Northern America

In 2021, shipments abroad of wadding of textile materials and articles thereof decreased by -4.7% to X tons for the first time since 2018, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 16%. Over the period under review, the exports attained the peak figure at X tons in 2020, and then dropped in the following year.

In value terms, textile wadding exports amounted to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 6%. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The United States prevails in exports structure, recording X tons, which was approx. 94% of total exports in 2021. It was distantly followed by Canada (X tons), creating a 6.5% share of total exports.

The United States was also the fastest-growing in terms of the wadding of textile materials and articles thereof exports, with a CAGR of +4.0% from 2012 to 2021. Canada (-2.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +4.9 percentage points.

In value terms, the United States ($X) remains the largest textile wadding supplier in Northern America, comprising 92% of total exports. The second position in the ranking was taken by Canada ($X), with an 8% share of total exports.

In the United States, textile wadding exports increased at an average annual rate of +1.1% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, rising by 6.2% against the previous year. Overall, the export price, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2017 an increase of 6.9% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-0.8%).

Textile Wadding Imports

Imports in Northern America

For the eighth consecutive year, Northern America recorded growth in overseas purchases of wadding of textile materials and articles thereof, which increased by 5% to X tons in 2021. The total import volume increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when imports increased by 20%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, textile wadding imports shrank modestly to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +56.5% against 2012 indices. The pace of growth was the most pronounced in 2020 when imports increased by 19%. As a result, imports reached the peak of $X, and then dropped modestly in the following year.

Imports by Country

The United States was the key importer of wadding of textile materials and articles thereof in Northern America, with the volume of imports accounting for X tons, which was approx. 75% of total imports in 2021. It was distantly followed by Canada (X tons), mixing up a 25% share of total imports.

The United States was also the fastest-growing in terms of the wadding of textile materials and articles thereof imports, with a CAGR of +5.7% from 2012 to 2021. At the same time, Canada (+3.1%) displayed positive paces of growth. From 2012 to 2021, the share of the United States increased by +4.4 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported wadding of textile materials and articles thereof in Northern America, comprising 83% of total imports. The second position in the ranking was held by Canada ($X), with a 17% share of total imports.

In the United States, textile wadding imports increased at an average annual rate of +6.4% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, with a decrease of -6.7% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the import price increased by 14% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.6%).

Source: IndexBox Platform

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