U.S.: Non-Cotton Terry Towelling Market 2024

Non-Cotton Terry Towelling Market Size in the U.S.

The U.S. non-cotton terry towelling market fell rapidly to $X in 2023, shrinking by X% against the previous year. Over the period under review, consumption recorded a abrupt downturn. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Non-Cotton Terry Towelling Production in the U.S.

In value terms, non-cotton terry towelling production contracted modestly to $X in 2023. Over the period under review, production, however, showed a slight descent. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Non-cotton terry towelling production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Non-Cotton Terry Towelling Exports

Exports from the U.S.

In 2023, overseas shipments of terry towelling (excluding of cotton) increased by X% to X square meters, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to continue growth in the near future.

In value terms, non-cotton terry towelling exports shrank to $X in 2023. Overall, exports showed a strong increase. The pace of growth appeared the most rapid in 2022 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

The Netherlands (X square meters), Germany (X square meters) and Canada (X square meters) were the main destinations of non-cotton terry towelling exports from the United States, together comprising X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Canada ($X) were the largest markets for non-cotton terry towelling exported from the United States worldwide, together accounting for X% of total exports. Mexico, South Korea, the Dominican Republic, the UK, France and China lagged somewhat behind, together comprising a further X%.

South Korea, 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 non-cotton terry towelling export price amounted to $X per square meter, which is down by X% against the previous year. In general, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per square meter in 2015; however, from 2016 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 the UK ($X per square meter), while the average price for exports to China ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced a decline.

Non-Cotton Terry Towelling Imports

Imports into the U.S.

For the third year in a row, the United States recorded growth in purchases abroad of terry towelling (excluding of cotton), which increased by X% to X square meters in 2023. Overall, imports saw a pronounced expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at X square meters in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, non-cotton terry towelling imports contracted notably to $X in 2023. In general, imports, however, recorded a mild slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, China (X square meters) constituted the largest supplier of non-cotton terry towelling to the United States, with a X% share of total imports. Moreover, non-cotton terry towelling imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X square meters), twofold. Indonesia (X square meters) ranked third in terms of total imports with a X% share.

From 2012 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: Turkey (X% per year) and Indonesia (X% per year).

In value terms, China ($X), Turkey ($X) and Indonesia ($X) appeared to be the largest non-cotton terry towelling suppliers to the United States, with a combined X% share of total imports. Pakistan, France, South Korea and India lagged somewhat behind, together comprising a further X%.

France, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 non-cotton terry towelling import price amounted to $X per square meter, reducing by X% against the previous year. In general, the import price recorded a abrupt downturn. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. As a result, import price reached the peak level of $X per square meter. From 2017 to 2023, the average import prices remained at a lower figure.

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 India ($X per square meter), while the price for Indonesia ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform