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          1. Textile Manufacturing Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 6/29/2020
            SIC Codes: 22
            NAICS Codes: 313, 314
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Textile Manufacturing Industry Profile

            Companies in this industry operate mills that produce textiles and textile products from natural and synthetic materials. Major companies include Chinatex and Weiqiao Textile (both based in China); Far Eastern New Century (Taiwan); Hyosung (South Korea); Milliken and WL Gore & Associates (both based in the US); and Teijin, Toray, and Toyobo (all based in Japan).

            Worldwide textile exports amount to about $300 billion annually, according to the World Trade Organization. China dominates the global industry; other major players include the European Union, India, the US, Turkey, and South Korea.

            The US textile manufacturing industry includes about 8,200 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $52 billion.

            COMPETITIVE LANDSCAPE

            Demand is driven by the domestic apparel industry and consumer demand for home furnishings like carpets, furniture, and curtains. The profitability of individual companies depends on efficient operations. Large companies have economies of scale in production for high-volume items. Small companies can compete successfully by producing specialized textiles. The US industry is concentrated: the 50 largest companies generate about 60% of revenue.

            Textile imports, which account for about 45% of the US market, come mainly from Canada, China, India, Mexico, and Pakistan. Exports represent about 25% of US textile production. The main export destinations include Canada, China, Honduras, and Mexico. Many manufacturers ship fabric to other countries for sewing into final garments, which are then reimported into the ...

             
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