U.S.: Coated Fabric Market 2024

Coated Fabric Market Size in the U.S.

In 2023, the U.S. coated fabric market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The market value increased at an average annual rate of X% over the period from 2013 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2022, and then shrank in the following year.

Coated Fabric Production in the U.S.

In value terms, coated fabric production contracted slightly to $X in 2023. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2015; afterwards, it flattened through to 2023.

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Coated Fabric Exports

Exports from the U.S.

In 2023, overseas shipments of coated fabrics increased by X% to X square meters, rising for the fourth consecutive year after two years of decline. In general, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, coated fabric exports shrank to $X in 2023. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

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

From 2013 to 2023, the average annual rate of growth in terms of volume to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Honduras (X% per year).

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

From 2013 to 2023, the average annual rate of growth in terms of value to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Germany (X% per year).

Export Prices by Country

The average coated fabric export price stood at $X per square meter in 2023, declining by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per square meter in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per square meter), while the average price for exports to Brazil ($X per square meter) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced mixed trend patterns.

Coated Fabric Imports

Imports into the U.S.

In 2023, the amount of coated fabrics imported into the United States surged to X square meters, picking up by X% compared with the previous year. Overall, imports posted prominent growth. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in the near future.

In value terms, coated fabric imports fell slightly to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2013 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then dropped modestly in the following year.

Imports by Country

In 2023, India (X square meters) constituted the largest coated fabric supplier to the United States, with a X% share of total imports. Moreover, coated fabric imports from India exceeded the figures recorded by the second-largest supplier, South Korea (X square meters), sevenfold. Canada (X square meters) ranked third in terms of total imports with an X% share.

From 2013 to 2023, the average annual growth rate of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Canada (X% per year).

In value terms, Canada ($X), China ($X) and India ($X) were the largest coated fabric suppliers to the United States, with a combined X% share of total imports.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average coated fabric import price amounted to $X per square meter, reducing by X% against the previous year. In general, the import price showed a deep reduction. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per square meter. From 2015 to 2023, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per square meter), while the price for India ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform