U.S.: Market for Finishing Agents Used In The Textile Industry 2024

Market Size for Finishing Agents Used In The Textile Industry in the U.S.

The U.S. textile industry finishing agents market rose rapidly to $X in 2022, with an increase of X% against the previous year. In general, consumption enjoyed a strong expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Finishing Agents Used In The Textile Industry in the U.S.

In value terms, textile industry finishing agents production totaled $X in 2022. In general, production enjoyed prominent growth. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Finishing Agents Used In The Textile Industry

Exports from the U.S.

In 2022, shipments abroad of finishing agents used in the textile industry decreased by X% to X tons, falling for the fourth consecutive year after three years of growth. Overall, exports recorded a slight setback. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, textile industry finishing agents exports stood at $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for textile industry finishing agents exports from the United States, with a X% share of total exports. Moreover, textile industry finishing agents exports to Canada exceeded the volume sent to the second major destination, South Korea (X tons), sevenfold. Mexico (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Canada amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Mexico (X% per year).

In value terms, Canada ($X) remains the key foreign market for finishing agents used in the textile industry exports from the United States, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Mexico (X% per year).

Export Prices by Country

The average textile industry finishing agents export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Finishing Agents Used In The Textile Industry

Imports into the U.S.

In 2022, supplies from abroad of finishing agents used in the textile industry decreased by X% to X tons, falling for the third consecutive year after six years of growth. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, textile industry finishing agents imports expanded sharply to $X in 2022. Over the period under review, imports showed a drastic downturn. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Mexico (X tons) constituted the largest supplier of textile industry finishing agents to the United States, accounting for a X% share of total imports. Moreover, textile industry finishing agents imports from Mexico exceeded the figures recorded by the second-largest supplier, Canada (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Mexico totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Germany (X% per year).

In value terms, Mexico ($X) constituted the largest supplier of finishing agents used in the textile industry to the United States, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Germany (X% per year).

Import Prices by Country

The average textile industry finishing agents import price stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, recorded a deep contraction. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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