U.S.: Narrow Fabric Market 2024

Narrow Fabric Market Size in the U.S.

In 2022, the U.S. narrow fabric market increased by X% to $X, rising for the fourth year in a row after two years of decline. Over the period under review, consumption saw a significant increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Narrow Fabric Production in the U.S.

In value terms, narrow fabric production stood at $X in 2022. Over the period under review, production, however, continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Narrow Fabric Exports

Exports from the U.S.

In 2022, overseas shipments of narrow fabrics and schiffli machine embroidery decreased by X% to X square meters for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at X square meters in 2021, and then reduced slightly in the following year.

In value terms, narrow fabric exports declined to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X square meters) was the main destination for narrow fabric exports from the United States, accounting for a X% share of total exports. Moreover, narrow fabric exports to Mexico exceeded the volume sent to the second major destination, Canada (X square meters), threefold. China (X square meters) ranked third in terms of total exports with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to Mexico stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and China (X% per year).

In value terms, Mexico ($X) remains the key foreign market for narrow fabrics and schiffli machine embroidery exports from the United States, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Mexico totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average narrow fabric export price amounted to $X per square meter, standing approx. at the previous year. In general, the export price showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per square meter in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced a decline.

Narrow Fabric Imports

Imports into the U.S.

In 2022, supplies from abroad of narrow fabrics and schiffli machine embroidery increased by X% to X square meters, rising for the third consecutive year after three years of decline. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, narrow fabric imports totaled $X in 2022. The total import value increased at an average annual rate of X% from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Mexico (X square meters), China (X square meters) and Taiwan (Chinese) (X square meters) were the main suppliers of narrow fabric imports to the United States, with a combined X% share of total imports. Canada, Germany, South Korea, Italy, the UK, Vietnam, India, France and Japan lagged somewhat behind, together accounting for a further X%.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest narrow fabric suppliers to the United States were Mexico ($X), China ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports. Canada, Germany, South Korea, Italy, Vietnam, the UK, India, France and Japan lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average narrow fabric import price amounted to $X per square meter, approximately equating the previous year. In general, the import price continues to indicate a precipitous contraction. The pace of growth appeared the most rapid in 2015 when the average import price increased by X%. The import price peaked at $X per square meter in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Mexico ($X per square meter) and Germany ($X per square meter), while the price for China ($X per square meter) and Canada ($X per square meter) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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