U.S. Fiber, Yarn and Thread Market to Increase Moderately
IndexBox has just published a new report "U.S. Fiber, Yarn, And Thread Market. Analysis And Forecast to 2025". Here is a summary of the report’s key findings.
Fiber, Yarn and Thread Market Bounced Back after a Two-year Contraction
In 2017, the U.S. fiber, yarn, and thread market value totalled $X in wholesale prices. This figure reflects total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Over the last year, the market turned upward by X%, after contracting the previous two years. The global economic crisis had a significant impact on the fiber, yarn, and thread market. 2009 saw a decline in consumption by X% (in value terms), and despite the recovery in subsequent years, it could not reach the pre-crisis level, with another decrease in 2015-2016. There was a slight upward correction in 2017, but the market value remains X% lower than the outset level (IndexBox estimates).
U.S. Fiber, Yarn and Thread Market Is Set to Increase Moderately
The textile industry is the key industry behind the demand for fiber, yarn, and thread, that's why it is the state of this industry that will determine the development of the market. Despite the high competitiveness, the textile industry in the U.S. is experiencing a strong competitive pressure coming from the Southeast Asia countries with their cheaper labor. Despite this, a positive effect for the market can be achieved through the U.S. policies aimed at stimulating domestic production. Macroeconomic factors are also favourable for the development of the market: the demand from the clothes, furniture and other consumers goods manufacturing sectors is growing amid the continued strong employment growth, which creates a solid base for consumer spending. Moreover, the increase in the volume of construction will have a favourable impact on the home textile furnishihng market.
Therefore, the fiber, yarn, and thread market is expected to begin an upward consumption trend over the next nine years. The performance of the market is forecast to grow with an anticipated CAGR of +X% for the period from 2017 to 2025, which is expected to take the market value to $X by 2025 (in constant prices of 2017).
Production still Lags behind Pre-crisis Figures
U.S. fiber, yarn, and thread manufacturing stood at $X in 2017, which was $X more than the year before. After a notable decline by X% in 2009, the production value demonstrated an upward trend from 2010-2014, until it contracted again from 2015-2016. Despite the efforts to rebound, the production did not reach its pre-crisis level. From 2007 to 2017, production decreased by -X% per year.
Yarns Made from Purchased Filament Yarn Is the Most Popular Category of Fiber, Yarn, and Thread Production
Yarns, textured, crimped, and bulked, filament, including stretch, made from purchased filament yarn accounted for the highest share (X% in 2017) of U.S fiber, yarn, and thread manufacturing, followed by yarns, spun, carded, cotton (X%), Yarns, spun, noncellulosic fiber and other natural fibers (X%), Yarns, spun, combed, cotton (X%), yarns, thrown, filament, excluding textured (report yarns that are both thrown and textured as texture yarns) (X%) and thread mills (X%).
The most notable growth rates in U.S fiber, yarn, and thread manufacturing from 2008 to 2017 were attained by thread mills (+X% per year) and yarns, spun, combed, cotton (+X%), experienced more modest or even negative paces of growth. From 2008 to 2017, yarns, spun, noncellulosic fiber and other natural fibers (-X percentage points) and yarns, spun, carded, cotton (-X percentage points) reduced their shares in production structure, while Yarns, spun, combed, cotton (+X percentage points), Yarns, textured, crimped, and bulked, filament, including stretch, made from purchased filament yarn (+X percentage points) and Thread mills (+X percentage points) saw their shares increased.
Approx. X% of the Market Is buoyed by Imports
The share of imports in U.S. fiber, yarn, and thread consumption stood at X% in 2017, which was generally at the level of the initial period, but slightly lower than in 2010-2015. Due to a high trade intensity, imports should be regarded as a strong factor influencing the U.S. market dynamics in the medium term. None of the largest import suppliers - China, Canada, Turkey, Indonesia, India, Mexico - has a share exceeding X% of the total volume of the U.S. fiber, yarn, and thread consumption.
Approx. X% of the U.S. Fiber, Yarn, and Thread Exports Were Shipped to Honduras
The U.S. exported $X of fiber, yarn, and thread in 2017, which accounted for only X% of U.S. fiber, yarn, and thread output. In physical terms, exports stood at X tonnes, falling over the last two years from its highest level.
In 2017, the main destinations of U.S. fiber, yarn, and thread exports were Honduras (X%), distantly followed by Dominican Rep. (X%), Mexico (X%), El Salvador (X%) and China (X%). From 2007 to 2017, China had the highest growth rates of imports, with a CAGR of +X%, while the other leaders experienced more moderate paces of growth.
The share exported to Honduras (+X percentage points) and China (+X percentage points) increased, while the shares of the other countries remained relatively stable throughout the analysed period.
Indonesia, China, India, Turkey and Mexico Remain the Major Suppliers of Fiber, Yarn, and Thread into the U.S.
The value of total U.S. fiber, yarn, and thread imports totalled $X in 2017, falling at an average annual rate of -X% over the period under review. In physical terms, imports declined by X% from its outset level to X tonnes.
Indonesia (X%, based on USD), China (X%), India (X%), Turkey (X%), Mexico (X%), Korea (X%), Bangladesh (X%) and Canada (X%) were the main suppliers of fiber, yarn, and thread into the U.S. China (+X% per year), Turkey (+X%) and Korea (+X% per year) were the fastest growing suppliers from 2007 to 2017.
China significantly strengthened its position in the U.S. imports from X% in 2007 to X% in 2017. Turkey (+X percentage points), Korea (+X percentage points), India (+X percentage points) and Bangladesh (+X percentage points) also increased their shares, while Canada reduced its share by -X percentage points.
Do you want to know more about the U.S. fiber market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- fiber market share
- fiber prices
- fiber production
- fiber industry
- fiber sales
- fiber imports
- fiber exports
- fiber market forecast
- fiber price forecast
- fiber producers
Source: IndexBox Platform
This report provides an in-depth analysis of the market for fiber, yarn, and thread in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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