Overview of the Market for Fiber, Yarn, And Thread in the USA

The U.S. fiber, yarn, and thread market declined to $ in 2019, which is down by -% against 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). In general, consumption showed a abrupt slump. The pace of growth appeared the most rapid in 2014 when the market value decreased by -% against the previous year. Over the period under review, the market reached the peak level at $ in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.

In value terms, fiber, yarn, and thread production fell modestly to $ in 2019. Overall, production continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2014 when the production volume decreased by -% against the previous year. Fiber, yarn, and thread production peaked at $ in 2013; however, from 2014 to 2019, production remained at a lower figure.

In 2019, the amount of fiber, yarn, and thread consumed in the U.S. fell to tonnes, waning by -% on the previous year's figure. Overall, consumption continues to indicate a deep reduction. The growth pace was the most rapid in 2014 when the consumption volume decreased by -% y-o-y. Over the period under review, consumption reached the maximum volume at tonnes in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.

The value of the fiber, yarn, and thread market in the U.S. shrank to $ in 2019, waning by -% against 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). In general, consumption saw a deep setback. The pace of growth appeared the most rapid in 2014 with a decrease of -% against the previous year. Fiber, yarn, and thread consumption peaked at $ in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.

Depressed by shrinking demand for fiber, yarn, and thread in the U.S., the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .

Over the period under review, the share of imports in terms of total fiber, yarn, and thread consumption in the U.S. was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the the U.S. fiber, yarn, and thread market is largely supplied by domestic manufacturers.

This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.