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U.S. Broadwoven Fabric Imports Bounced Back in 2018 Due to Rising Supply from India

fabric

U.S. Broadwoven Fabric Imports Bounced Back in 2018 Due to Rising Supply from India

IndexBox has just published a new report: ‘U.S. Broadwoven Fabric Market. Analysis And Forecast to 2025’. Here is a summary of the report’s key findings.

The revenue of the broadwoven fabric market in the U.S. amounted to $3.6B in 2018, remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Over the period under review, broadwoven fabric consumption continues to indicate a measured drop. The growth pace was the most rapid in 2014 with an increase of 3.7% y-o-y. In that year, the broadwoven fabric market attained its peak level of $4.3B. From 2015 to 2018, the growth of the broadwoven fabric market remained at a somewhat lower figure.

Broadwoven Fabric Production in the U.S.

In value terms, broadwoven fabric production amounted to $3.5B in 2018. In general, broadwoven fabric production continues to indicate a measured downturn. The most prominent rate of growth was recorded in 2014 with an increase of 3.9% against the previous year. In that year, broadwoven fabric production reached its peak level of $4.1B. From 2015 to 2018, broadwoven fabric production growth failed to regain its momentum.

Exports from the U.S.

In 2018, the amount of broadwoven fabric exported from the U.S. stood at 251 tonnes, shrinking by -56.1% against the previous year. Over the period under review, broadwoven fabric exports continue to indicate a drastic contraction. The most prominent rate of growth was recorded in 2017 with an increase of 191% year-to-year. In that year, broadwoven fabric exports reached their peak of 571 tonnes, and then declined slightly in the following year.

In value terms, broadwoven fabric exports amounted to $2.8M (IndexBox estimates) in 2018. Over the period under review, broadwoven fabric exports continue to indicate a drastic shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 100% year-to-year. In that year, broadwoven fabric exports attained their peak of $5.2M, and then declined slightly in the following year.

Exports by Country

Viet Nam (212 tonnes) was the main destination for broadwoven fabric exports from the U.S., accounting for a 85% share of total exports. Moreover, broadwoven fabric exports to Viet Nam exceeded the volume sent to the second major destination, China (13 tonnes), more than tenfold. The third position in this ranking was occupied by Chile (5 tonnes), with a 2% share.

From 2013 to 2018, the average annual rate of growth in terms of volume to Viet Nam totaled +255.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+17.8% per year) and Chile (+186.0% per year).

In value terms, Viet Nam ($2.1M) remains the key foreign market for broadwoven fabric exports from the U.S., comprising 74% of total broadwoven fabric exports. The second position in the ranking was occupied by China ($238K), with a 8.6% share of total exports. It was followed by Colombia, with a 3.5% share.

From 2013 to 2018, the average annual growth rate of value to Viet Nam totaled +157.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+20.4% per year) and Colombia (+63.4% per year).

Export Prices by Country

The average broadwoven fabric export price stood at $11 per kg in 2018, surging by 21% against the previous year. Over the period under review, the broadwoven fabric export price, however, continues to indicate a moderate shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 21% against the previous year. The export price peaked at $13 per kg in 2016; however, from 2017 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Colombia ($22 per kg), while the average price for exports to Chile ($7.5 per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced a decline.

Imports into the U.S.

Broadwoven fabric imports into the U.S. amounted to 9.2K tonnes in 2018, surging by 2.9% against the previous year. Overall, broadwoven fabric imports, however, continue to indicate a drastic reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 7.1% year-to-year. In that year, broadwoven fabric imports attained their peak of 13K tonnes. From 2016 to 2018, the growth of broadwoven fabric imports failed to regain its momentum.

In value terms, broadwoven fabric imports totaled $69M (IndexBox estimates) in 2018. In general, broadwoven fabric imports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2018 when imports increased by 3.7% y-o-y. Over the period under review, broadwoven fabric imports attained their peak figure at $97M in 2014; however, from 2015 to 2018, imports remained at a lower figure.

Imports by Country

China (3.3K tonnes), Pakistan (2.6K tonnes) and India (2.6K tonnes) were the main suppliers of broadwoven fabric imports to the U.S., together accounting for 93% of total imports.

From 2013 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, the largest broadwoven fabric suppliers to the U.S. were China ($22M), Italy ($17M) and India ($12M), together comprising 73% of total imports.

In terms of the main suppliers, Italy recorded the highest rates of growth with regard to imports, over the last five-year period, while the other leaders experienced a decline.

Import Prices by Country

The average broadwoven fabric import price stood at $7,535 per tonne in 2018, remaining constant against the previous year. Over the period under review, the broadwoven fabric import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 17% y-o-y. The import price peaked at $8,246 per tonne in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Italy ($61,521 per tonne), while the price for Pakistan ($4,146 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Companies Mentioned in the Report

Milliken & Company, Tk Holdings, BGF Industries, BP Amoco Chemical Company, Glen Raven, Albany International, Polartec, Astenjohnson, National Presto Industries, Culp, Burlington Industries, Xerium Technologies, Propex Operating Company, Westpoint Home, Jay Franco & Sons, Cone Denim, The Hallwood Group Incorporated, Galey & Lord, Hyosung Usa, R B Pamplin, Westpoint International, Collins & Aikman Products Co., Nvh, Nouveau Verre Holdings, Itg Holdings

Source: IndexBox AI Platform

textile bag

U.S. Textile Bag And Canvas Market – China’s Imports Bounces Back after Two Years of Decline

IndexBox has just published a new report: ‘U.S. Textile Bag And Canvas Market. Analysis And Forecast to 2025’. Here is a summary of the report’s key findings.

The revenue of the textile bag and canvas market in the U.S. amounted to $7B in 2018, increasing by 7.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +6.4% over the period from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 18% against the previous year. Over the period under review, the textile bag and canvas market attained its maximum level in 2018 and is expected to retain its growth in the near future.

Production of Textile Bags And Canvases in the U.S.

In value terms, textile bag and canvas production amounted to $4B in 2018. The total output value increased at an average annual rate of +8.3% from 2013 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2014 when production volume increased by 20% against the previous year. Textile bag and canvas production peaked in 2018 and is expected to retain its growth in the immediate term.

Exports from the U.S.

In 2018, the amount of textile bags and canvases exported from the U.S. stood at 6.5K tonnes, growing by 51% against the previous year. Over the period under review, textile bag and canvas exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 51% y-o-y. Over the period under review, textile bag and canvas exports reached their peak figure at 7K tonnes in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

In value terms, textile bag and canvas exports totaled $47M (IndexBox estimates) in 2018. Overall, textile bag and canvas exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 36% against the previous year. Exports peaked at $59M in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

Exports by Country

Thailand (578 tonnes), Australia (567 tonnes) and Trinidad and Tobago (464 tonnes) were the main destinations of textile bag and canvas exports from the U.S., with a combined 25% share of total exports. These countries were followed by Viet Nam, Poland, China, India, Russia, Malaysia, Nicaragua, the Dominican Republic and Costa Rica, which together accounted for a further 46%.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Viet Nam (+1,030.1% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for textile bag and canvas exported from the U.S. were Poland ($7.6M), Australia ($6.7M) and the Dominican Republic ($4.4M), with a combined 40% share of total exports. Costa Rica, China, Trinidad and Tobago, India, Nicaragua, Viet Nam, Thailand, Malaysia and Russia lagged somewhat behind, together comprising a further 18%.

In terms of the main countries of destination, Viet Nam (+393.6% per year) recorded the highest rates of growth with regard to exports, over the last five years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average textile bag and canvas export price stood at $7,219 per tonne in 2018, waning by -45.8% against the previous year. Overall, the export price indicated a slight increase from 2013 to 2018: its price increased at an average annual rate of +1.3% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the average export price increased by 52% against the previous year. In that year, the average export prices for textile bags and canvases reached their peak level of $13,329 per tonne, and then declined slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Poland ($17,736 per tonne), while the average price for exports to Russia ($272 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+55.6% per year), while the prices for the other major destinations experienced more modest paces of growth.

Imports into the U.S.

In 2018, the textile bag and canvas imports into the U.S. totaled 351K tonnes, rising by 8% against the previous year. The total import volume increased at an average annual rate of +2.1% over the period from 2013 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 8% against the previous year. Over the period under review, textile bag and canvas imports attained their maximum at 360K tonnes in 2015; however, from 2016 to 2018, imports remained at a lower figure.

In value terms, textile bag and canvas imports totaled $1.5B (IndexBox estimates) in 2018. Overall, textile bag and canvas imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 8.9% against the previous year. Imports peaked at $1.6B in 2015; however, from 2016 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, China (197K tonnes) constituted the largest supplier of textile bag and canvas to the U.S., with a 56% share of total imports. Moreover, textile bag and canvas imports from China exceeded the figures recorded by the second-largest supplier, India (83K tonnes), twofold. The third position in this ranking was occupied by Bangladesh (25K tonnes), with a 7.1% share.

From 2013 to 2018, the average annual growth rate of volume from China amounted to -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+13.0% per year) and Bangladesh (+7.4% per year).

In value terms, China ($905M) constituted the largest supplier of textile bag and canvas to the U.S., comprising 62% of total textile bag and canvas imports. The second position in the ranking was occupied by India ($218M), with a 15% share of total imports. It was followed by Bangladesh, with a 8.4% share.

From 2013 to 2018, the average annual rate of growth in terms of value from China stood at -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+11.5% per year) and Bangladesh (+5.9% per year).

After two years of decline, Chinese imports of textile bag and canvas into the U.S. rebounded in 2018, with an increase of 8.5% y-o-y.

Import Prices by Country

In 2018, the average textile bag and canvas import price amounted to $4,139 per tonne, standing approx. at the previous year. In general, the textile bag and canvas import price, however, continues to indicate a temperate descent. The growth pace was the most rapid in 2018 an increase of 0.8% against the previous year. Over the period under review, the average import prices for textile bags and canvases attained their maximum at $4,572 per tonne in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Bangladesh ($4,877 per tonne), while the price for India ($2,627 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Indonesia, while the prices for the other major suppliers experienced a decline.

Companies Mentioned in the Report

Dhs Systems, Rainier Industries, Covercraft Industries, Duluth Trading Company, North Sails Group, J & M Industries, Anchor Industries, Thomas Sign and Awning Company, Holland Awning, Outdoor Research, Hdt Expeditionary Systems, Veada Industries, C. R. Daniels, Bestop, Starr Aircraft Products, ADM Corporation, Kenneth Fox Supply Company, Polytex Fibers, Adco Products, Marine Accessories Corporation, Gleason Corporation, Webasto-Edscha Cabrio USA, Outdoor Venture Corporation, Magna Car Top Systems of America, Mpc Group, Ajr Enterprises, Targus Group International, Bluewater Defense, Mondi Bags Usa

Source: IndexBox AI Platform