U.S.: Tufted Textile Fabric Market 2024

Tufted Textile Fabric Market Size in the U.S.

The U.S. tufted textile fabric market skyrocketed to $X in 2022, rising by 86% against the previous year. In general, consumption continues to indicate significant growth. Tufted textile fabric consumption peaked in 2022 and is expected to retain growth in the immediate term.

Tufted Textile Fabric Production in the U.S.

In value terms, tufted textile fabric production totaled $X in 2022. In general, production saw a relatively flat trend pattern. Tufted textile fabric production peaked in 2022 and is likely to see gradual growth in the near future.

Tufted Textile Fabric Exports

Exports from the U.S.

Tufted textile fabric exports from the United States soared to X square meters in 2022, with an increase of 1,292% on the year before. Over the period under review, exports, however, continue to indicate a sharp slump. The exports peaked at X square meters in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, tufted textile fabric exports reduced modestly to $X in 2022. Overall, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 224% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X square meters) was the main destination for tufted textile fabric exports from the United States, accounting for a 71% share of total exports. Moreover, tufted textile fabric exports to the UK exceeded the volume sent to the second major destination, Mexico (X square meters), fivefold. Canada (X square meters) ranked third in terms of total exports with a 7.6% share.

From 2020 to 2022, the average annual growth rate of volume to the UK amounted to +11,079.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-42.9% per year) and Canada (-50.2% per year).

In value terms, the UK ($X) emerged as the key foreign market for tufted textile fabrics exports from the United States, comprising 73% of total exports. The second position in the ranking was taken by Mexico ($X), with an 11% share of total exports. It was followed by Canada, with a 7.8% share.

From 2020 to 2022, the average annual growth rate of value to the UK amounted to +722.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-45.5% per year) and Canada (-42.9% per year).

Export Prices by Country

In 2022, the average tufted textile fabric export price amounted to $X per square meter, dropping by -93.1% against the previous year. In general, the export price, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 an increase of 1,665% against the previous year. As a result, the export price attained the peak level of $X per square meter, and then fell dramatically in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per square meter), while the average price for exports to Mexico ($X per square meter) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+20.4%), while the prices for the other major destinations experienced mixed trend patterns.

Tufted Textile Fabric Imports

Imports into the U.S.

For the eleventh year in a row, the United States recorded growth in overseas purchases of tufted textile fabrics, which increased by 153% to X square meters in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 491%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, tufted textile fabric imports surged to $X in 2022. Overall, imports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 508% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Egypt (X square meters), China (X square meters) and Turkey (X square meters) were the main suppliers of tufted textile fabric imports to the United States, with a combined 98% share of total imports. These countries were followed by India, which accounted for a further 1.7%.

From 2020 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +5,513.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of tufted textile fabrics to the United States, comprising 65% of total imports. The second position in the ranking was held by Egypt ($X), with a 25% share of total imports. It was followed by India, with a 4.9% share.

From 2020 to 2022, the average annual rate of growth in terms of value from China amounted to +180.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (0.0% per year) and India (+5,601.9% per year).

Import Prices by Country

In 2022, the average tufted textile fabric import price amounted to $X per square meter, dropping by -25.3% against the previous year. In general, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 an increase of 2.9% against the previous year. As a result, import price reached the peak level of $X per square meter, and then declined sharply in the following year.

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 India ($X per square meter), while the price for Egypt ($X per square meter) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.4%).

Source: IndexBox Platform

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