U.S. Broadwoven Fabric Imports Bounced Back in 2018 Due to Rising Supply from India ( 39.4 y-o-y)
Wednesday, September 25, 2019
Press release from the issuing company
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.
Exports from the U.S.
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
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
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.
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
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
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
Post a Comment
Copyright © 2019 WhatTheyThink. All Rights Reserved