U.S.: Market for Woven Pile Fabrics And Chenille Fabrics 2024

Market Size for Woven Pile Fabrics And Chenille Fabrics in the U.S.

The U.S. pile and chenille fabric market declined significantly to $X in 2023, shrinking by X% against the previous year. Over the period under review, consumption saw a slight slump. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Production of Woven Pile Fabrics And Chenille Fabrics in the U.S.

In value terms, pile and chenille fabric production fell dramatically to $X in 2023. Overall, production, however, recorded a strong expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports from the U.S.

In 2023, pile and chenille fabric exports from the United States totaled X tons, growing by X% on the previous year's figure. Overall, exports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, pile and chenille fabric exports surged to $X in 2023. In general, exports, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The Dominican Republic (X tons), Mexico (X tons) and Canada (X tons) were the main destinations of pile and chenille fabric exports from the United States, with a combined X% share of total exports. Chile, Honduras, Suriname, Panama and Nicaragua lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Suriname (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pile and chenille fabric exported from the United States were Mexico ($X), the Dominican Republic ($X) and Canada ($X), together accounting for X% of total exports.

The Dominican Republic, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pile and chenille fabric export price stood at $X per ton in 2023, increasing by X% against the previous year. In general, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2022 when the average export price increased by X%. The export price peaked in 2023 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Suriname ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Woven Pile Fabrics And Chenille Fabrics

Imports into the U.S.

In 2023, supplies from abroad of woven pile fabrics and chenille fabrics decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, pile and chenille fabric imports fell sharply to $X in 2023. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2022, and then shrank significantly in the following year.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of pile and chenille fabric to the United States, accounting for a X% share of total imports. Moreover, pile and chenille fabric imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold.

From 2012 to 2023, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of woven pile fabrics and chenille fabrics to the United States, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and India (X% per year).

Import Prices by Country

The average pile and chenille fabric import price stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the import price saw strong growth. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2023, 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 Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform