U.S.: Cotton Fabric Market 2024

Cotton Fabric Market Size in the U.S.

The U.S. cotton fabric market amounted to $X in 2022, surging by X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Cotton Fabric Production in the U.S.

In value terms, cotton fabric production expanded slightly to $X in 2022. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Cotton Fabric Exports

Exports from the U.S.

Cotton fabric exports from the United States fell to X square meters in 2022, which is down by X% compared with the previous year's figure. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, cotton fabric exports reached $X in 2022. In general, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X square meters) was the main destination for cotton fabric exports from the United States, with a X% share of total exports. Moreover, cotton fabric exports to Mexico exceeded the volume sent to the second major destination, Canada (X square meters), fivefold. Nicaragua (X square meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Nicaragua (X% per year).

In value terms, Mexico ($X) remains the key foreign market for woven fabrics of cotton exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports. It was followed by Nicaragua, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Nicaragua (X% per year).

Export Prices by Country

The average cotton fabric export price stood at $X per square meter in 2022, with an increase of X% against the previous year. Over the period under review, the export price posted a prominent expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($X per square meter), while the average price for exports to El Salvador ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Fabric Imports

Imports into the U.S.

In 2022, the amount of woven fabrics of cotton imported into the United States shrank modestly to X square meters, flattening at the previous year. Overall, imports showed a noticeable decrease. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports hit record highs at X square meters in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, cotton fabric imports rose modestly to $X in 2022. Over the period under review, imports saw a noticeable curtailment. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Pakistan (X square meters), India (X square meters) and China (X square meters) were the main suppliers of cotton fabric imports to the United States, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X), South Korea ($X) and India ($X) constituted the largest cotton fabric suppliers to the United States, with a combined X% share of total imports.

Pakistan, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average cotton fabric import price stood at $X per square meter in 2022, growing by X% against the previous year. Overall, the import price, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per square meter in 2012; however, from 2013 to 2022, 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 Italy ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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