Textile Industry Finishing Agents Market

The global textile industry finishing agents market is projected to grow steadily over the next eight years, with an anticipated CAGR of +3.1% in volume and +5.3% in value terms. China leads in both consumption and production, while Germany, the United States, and the Czech Republic are major players in exports. Import prices and export prices show variations amongst key countries. Overall, the market is characterized by strong growth, fluctuations in trends, and varying performances across different regions.

Market Forecast

Driven by increasing demand for finishing agents used in the textile industry worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market volume to 12M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.3% for the period from 2022 to 2030, which is projected to bring the market value to $33.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Finishing Agents Used In The Textile Industry

In 2022, approx. 9.3M tons of finishing agents used in the textile industry were consumed worldwide; increasing by 2.1% compared with 2021. In general, the total consumption indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.7% against 2020 indices. Global consumption peaked at 9.4M tons in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

The global textile industry finishing agents market size amounted to $22.1B in 2022, flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.2% against 2020 indices. Over the period under review, the global market attained the maximum level at $22.2B in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

China (2.1M tons) constituted the country with the largest volume of textile industry finishing agents consumption, accounting for 22% of total volume. Moreover, textile industry finishing agents consumption in China exceeded the figures recorded by the second-largest consumer, the United States (975K tons), twofold. India (829K tons) ranked third in terms of total consumption with an 8.9% share.

In China, textile industry finishing agents consumption increased at an average annual rate of +7.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+9.0% per year) and India (+6.2% per year).

In value terms, China ($4.5B), Japan ($3.7B) and Turkey ($2.6B) appeared to be the countries with the highest levels of market value in 2022, with a combined 49% share of the global market. The United States, India, Canada, South Korea, Indonesia, Spain, Brazil, Germany, Mexico and France lagged somewhat behind, together accounting for a further 32%.

The United States, with a CAGR of +10.9%, saw the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of textile industry finishing agents per capita consumption in 2022 were Spain (8 kg per person), Canada (4.9 kg per person) and France (4.9 kg per person).

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +8.3%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Finishing Agents Used In The Textile Industry

In 2022, global textile industry finishing agents production rose modestly to 9.5M tons, with an increase of 2% on the previous year. Overall, the total production indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.5% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 17% against the previous year. Global production peaked at 9.5M tons in 2020; afterwards, it flattened through to 2022.

In value terms, textile industry finishing agents production dropped modestly to $21.8B in 2022 estimated in export price. Over the period under review, production posted a resilient increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 25%. As a result, production reached the peak level of $26.9B. From 2020 to 2022, global production growth remained at a lower figure.

Production By Country

China (2.1M tons) remains the largest textile industry finishing agents producing country worldwide, comprising approx. 22% of total volume. Moreover, textile industry finishing agents production in China exceeded the figures recorded by the second-largest producer, the United States (933K tons), twofold. The third position in this ranking was held by India (828K tons), with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled +7.3%. In the other countries, the average annual rates were as follows: the United States (+9.2% per year) and India (+6.1% per year).

Imports

World Imports of Finishing Agents Used In The Textile Industry

In 2022, approx. 2M tons of finishing agents used in the textile industry were imported worldwide; waning by -9.7% compared with the previous year. The total import volume increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 13%. Over the period under review, global imports hit record highs at 2.2M tons in 2021, and then shrank in the following year.

In value terms, textile industry finishing agents imports reduced slightly to $3.5B in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2022; 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 17%. As a result, imports reached the peak of $3.7B, and then shrank slightly in the following year.

Imports By Country

In 2022, Germany (143K tons), the United States (131K tons), the UK (125K tons), Bangladesh (108K tons), Poland (85K tons), Thailand (76K tons), South Korea (74K tons), Romania (66K tons), France (64K tons), Italy (62K tons), Canada (56K tons) and the Netherlands (52K tons) represented the key importer of finishing agents used in the textile industry in the world, generating 53% of total import. Vietnam (51K tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +14.6%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest textile industry finishing agents importing markets worldwide were Germany ($239M), Bangladesh ($231M) and the UK ($151M), with a combined 18% share of global imports. Thailand, the United States, South Korea, Vietnam, Canada, Italy, Poland, France, the Netherlands and Romania lagged somewhat behind, together comprising a further 30%.

In terms of the main importing countries, Poland, with a CAGR of +12.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average textile industry finishing agents import price stood at $1,774 per ton in 2022, surging by 6.3% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 8.5% against the previous year. Over the period under review, average import prices reached the maximum at $1,941 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($2,442 per ton), while Romania ($878 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Finishing Agents Used In The Textile Industry

After ten years of growth, overseas shipments of finishing agents used in the textile industry decreased by -9.1% to 2.2M tons in 2022. Over the period under review, total exports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 13%. Over the period under review, the global exports attained the peak figure at 2.4M tons in 2021, and then reduced in the following year.

In value terms, textile industry finishing agents exports dropped slightly to $3.3B in 2022. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 14%. As a result, the exports reached the peak of $3.5B, and then reduced modestly in the following year.

Exports By Country

In 2022, the Czech Republic (449K tons), distantly followed by France (228K tons), Mexico (154K tons), Vietnam (146K tons) and Germany (139K tons) were the major exporters of finishing agents used in the textile industry, together generating 51% of total exports. The United States (89K tons), Belgium (86K tons), Austria (80K tons), the UK (66K tons), Spain (61K tons), Saudi Arabia (55K tons), Turkey (54K tons) and Hungary (53K tons) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +39.8%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($437M), the United States ($262M) and the Czech Republic ($253M) were the countries with the highest levels of exports in 2022, together accounting for 29% of global exports. France, Vietnam, Belgium, Spain, Mexico, Turkey, the UK, Saudi Arabia, Austria and Hungary lagged somewhat behind, together accounting for a further 38%.

Austria, with a CAGR of +22.1%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average textile industry finishing agents export price amounted to $1,522 per ton, with an increase of 4.9% against the previous year. In general, the export price, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2018 an increase of 5.8% against the previous year. Over the period under review, the average export prices attained the maximum at $1,857 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($3,153 per ton), while the Czech Republic ($562 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform