Blog - Textiles

The global textile industry is worth an estimated $1.3 trillion USD and employs over 60 million people around the world. The industry is forecast to grow at a rate of 3-4% per year over the next few years.

In 2022, cotton prices are expected to gain 5% y/y, as last year's ending stocks are rapidly reduced amid strong global demand outpacing available supply. Last year, the average cotton price soared by 41% y/y to $2.23 per kg.

Cotton prices jumped by +13% to $2.59 per kg in October 2021, according to World Bank's data. Global supply shows a sign of reduction, as American cotton exports dropped twofold from September to October. Droughts have wiped out a significant part of cotton crops across the U.S., especially in Texas. The U.S. remains the world's leading supplier, accounting for 41% of global cotton lint exports. China, Vietnam, and Pakistan represent key importers of cotton lint from America.

After stagnating during the pandemic, the textile industry has begun to strongly recover and the demand for cotton has risen. It is expected that cotton consumption in 2021 will grow faster than the supply. This will lead to a reduction in global cotton stocks and higher prices. The issues of sustainability and ethical background become increasingly important in the transformation of cotton supply chains.

Broadwoven fabric imports into the U.S. amounted to 9.2K tonnes in 2018, surging by 2.9% against the previous year.

In 2018, the global exports of woven woolen fabrics amounted to 90M square meters.

The revenue of the coated fabric market in the U.S. amounted to $4.5B in 2018, picking up by 4.6% against the...

In 2018, China (1.2B square meters) was the major exporter of woven fabrics of cotton, making up 56% of total exports.

In value terms, woven fabrics of jute imports totaled $X in 2016. Overall, woven fabrics of jute imports continue to indicate a mild shrinkage. Over the period under review, global woven fabrics of...

In value terms, woven fabrics of other vegetable textile fibers imports stood at $X in 2016. In general, woven fabrics of other vegetable textile fibers imports continue to indicate a relatively fl...

In value terms, woven fabrics of artificial filament yarn imports totaled $X in 2016. In general, woven fabrics of artificial filament yarn imports continue to indicate a slight setback. Global wov...

In value terms, woven fabrics of cotton containing X% and more by weight imports stood at $X in 2016. In general, woven fabrics of cotton containing X% and more by weight imports continue to indica...