U.S.: Market for Textile Bags And Canvases 2024

Market Size for Textile Bags And Canvases in the U.S.

In 2023, the U.S. textile bag and canvas market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. In general, the total consumption indicated a measured expansion from 2013 to 2023: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Textile bag and canvas consumption peaked at $X in 2022, and then plummeted in the following year.

Production of Textile Bags And Canvases in the U.S.

In value terms, textile bag and canvas production shrank modestly to $X in 2023. The total output value increased at an average annual rate of X% over the period from 2013 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2023, production stood at a somewhat lower figure.

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Exports of Textile Bags And Canvases

Exports from the U.S.

In 2023, approx. X units of textile bags and canvases were exported from the United States; with an increase of X% against the previous year's figure. In general, exports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in years to come.

In value terms, textile bag and canvas exports stood at $X in 2023. Overall, total exports indicated a resilient increase from 2013 to 2023: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked in 2023 and are expected to retain growth in the near future.

Exports by Country

Mexico (X units) was the main destination for textile bag and canvas exports from the United States, accounting for a X% share of total exports. Moreover, textile bag and canvas exports to Mexico exceeded the volume sent to the second major destination, Canada (X units), threefold. The third position in this ranking was held by France (X units), with a X% share.

From 2013 to 2023, the average annual growth rate of volume 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 France (X% per year).

In value terms, Mexico ($X), Canada ($X) and the Dominican Republic ($X) appeared to be the largest markets for textile bag and canvas exported from the United States worldwide, together comprising X% of total exports. Costa Rica, China, Jordan, the UK, Australia, France, Japan, Ireland and Guatemala lagged somewhat behind, together comprising a further X%.

Jordan, 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

In 2023, the average textile bag and canvas export price amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Guatemala ($X per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Textile Bags And Canvases

Imports into the U.S.

In 2023, after three years of growth, there was significant decline in overseas purchases of textile bags and canvases, when their volume decreased by X% to X units. Overall, imports, however, saw a resilient increase. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2022, and then shrank rapidly in the following year.

In value terms, textile bag and canvas imports fell dramatically to $X in 2023. The total import value increased at an average annual rate of X% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then plummeted in the following year.

Imports by Country

In 2023, China (X units) constituted the largest textile bag and canvas supplier to the United States, accounting for a X% share of total imports. Moreover, textile bag and canvas imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fourfold. The third position in this ranking was taken by Vietnam (X units), with a X% share.

From 2013 to 2023, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Vietnam (X% per year).

In value terms, China ($X) constituted the largest supplier of textile bags and canvases to the United States, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2013 to 2023, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Mexico (X% per year).

Import Prices by Country

The average textile bag and canvas import price stood at $X per unit in 2023, approximately equating the previous year. Overall, the import price, however, saw a pronounced shrinkage. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Cambodia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform