U.S.: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in the U.S.

The U.S. man-made filament fabric market skyrocketed to $X in 2021, jumping by 32% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Man-Made Filament Fabric Production in the U.S.

In value terms, man-made filament fabric production totaled $X in 2021. Over the period under review, production, however, showed a slight reduction. Man-made filament fabric production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Man-Made Filament Fabric Exports

Exports from the U.S.

In 2021, the amount of woven fabrics of man-made filaments and staple fibers exported from the United States surged to X tons, jumping by 50% compared with the year before. The total export volume increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, man-made filament fabric exports totaled $X in 2021. In general, exports, however, showed a mild descent. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Mexico (X tons) was the main destination for man-made filament fabric exports from the United States, with a 22% share of total exports. Moreover, man-made filament fabric exports to Mexico exceeded the volume sent to the second major destination, Canada (X tons), threefold. The third position in this ranking was held by Honduras (X tons), with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume to Mexico amounted to -4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-7.2% per year) and Honduras (-2.6% per year).

In value terms, Mexico ($X) remains the key foreign market for woven fabrics of man-made filaments and staple fibers exports from the United States, comprising 46% of total exports. The second position in the ranking was held by Canada ($X), with a 15% share of total exports. It was followed by Honduras, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value to Mexico stood at -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-2.4% per year) and Honduras (-2.4% per year).

Export Prices by Country

In 2021, the average man-made filament fabric export price amounted to $X per ton, falling by -26.2% against the previous year. In general, the export price saw a noticeable contraction. The pace of growth was the most pronounced in 2019 an increase of 13%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Man-Made Filament Fabric Imports

Imports into the U.S.

In 2021, imports of woven fabrics of man-made filaments and staple fibers into the United States skyrocketed to X tons, rising by 111% against the previous year's figure. In general, imports enjoyed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, man-made filament fabric imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), China (X tons) and Canada (X tons) were the main suppliers of man-made filament fabric imports to the United States, together comprising 29% of total imports. Turkey, Vietnam, Saudi Arabia, Mexico, Taiwan (Chinese), South Korea, the United Arab Emirates, Pakistan and Thailand lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +15.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Canada ($X) were the largest man-made filament fabric suppliers to the United States, with a combined 48% share of total imports. Turkey, Mexico, South Korea, Taiwan (Chinese), Saudi Arabia, Vietnam, Pakistan, the United Arab Emirates and Thailand lagged somewhat behind, together accounting for a further 33%.

Vietnam, with a CAGR of +13.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average man-made filament fabric import price amounted to $X per ton, which is down by -41.2% against the previous year. In general, the import price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the average import price increased by 4.2% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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