Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in the United States - 2024

Contents:

1. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in the United States (CIF) - 2024
2. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in the United States (FOB) - 2022
3. Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in the United States
4. Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in the United States

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in the United States (CIF) - 2024

In May 2024, the average import price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $265 per thousand square meters, with a decrease of -3.7% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 an increase of 14% against the previous month. The import price peaked at $285 per thousand square meters in July 2023; however, from August 2023 to May 2024, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Saudi Arabia ($598 per thousand square meters), while the price for China ($113 per thousand square meters) was amongst the lowest.

From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Turkey (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in the United States (FOB) - 2022

In 2022, the average export price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $2.2 per square meter, increasing by 7.6% against the previous year. Overall, the export price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 191% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($2.8 per square meter), while the average price for exports to the Dominican Republic ($0.5 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 Canada (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in the United States

Imports of fabrics, woven; from strip or the like, of synthetic textile materialses into the United States soared to 1.6B square meters in 2022, increasing by 15% on the previous year. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +16.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Over the period under review, imports of fabrics, woven; from strip or like, of synthetic textile materialses attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses surged to $489M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 37%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to the United States in 2022:

1. India (881.6M square meters)
2. Turkey (234.5M square meters)
3. Saudi Arabia (146.7M square meters)
4. China (119.9M square meters)
5. Vietnam (85.0M square meters)
6. South Korea (33.1M square meters)
7. Mexico (25.7M square meters)
8. Belgium (12.0M square meters)
9. United Arab Emirates (3.2M square meters)

Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in the United States

For the third consecutive year, the United States recorded decline in shipments abroad of fabrics, woven; from strip or the like, of synthetic textile materialses, which decreased by -2.5% to 15M square meters in 2022. Over the period under review, exports faced a dramatic downturn. The exports peaked at 72M square meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of fabrics, woven; from strip or the like, of synthetic textile materialses stood at $32M in 2022. The total export value increased at an average annual rate of +3.5% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Top Export Markets for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials from the United States in 2022:

1. Canada (8.5M square meters)
2. Mexico (3.4M square meters)
3. India (0.6M square meters)
4. Nicaragua (0.4M square meters)
5. Dominican Republic (0.3M square meters)
6. Colombia (0.1M square meters)

Source: IndexBox Market Intelligence Platform