Textile Manufacturing Industry: Market Research Reports, Statistics and Analysis

Key Regional Markets

• China: Dominating the global industry, China’s textile market is worth in excess of $700 billion and is set to continue to expand, according to research from Netscribes. The market is driven by strong domestic demand, inexpensive labor and expansion in the retail industry.

• India: The textile market in India is forecast to reach $60 billion by 2012, according to the country’s ministry of textiles. Out of India’s overall industrial production, textiles represent close to 15%, or 4% of the country’s gross domestic product, reaching almost $51.5 billion. The textiles industry represents close to a fifth of India’s exports revenue and employs 35 million people.

• US: According to a report from analysts at Supplier Relations US, the US textile industry is worth more than $716 million, with over $1 billion in imports from 55 countries. The US textile industry exports goods to a value of around $0.7 billion to almost 150 countries throughout the world. It represents close to $30 billion of the gross domestic product, with over 1.5 billion pounds of cotton grown and consumed by the country’s textile industry. Over the past decade, the US has invested in excess of $15 billion in its textile industry, and is the world’s number-three exporter of textiles. The main challenge facing the US textile industry is overseas production because of the low labor-cost potential in India and China, which may oblige US textile companies to move part of their operations to these countries to remain competitive. On the domestic front, the US textile industry will likely concentrate on specialized markets and non-woven fabrics.

Market Outlook

Many leading players in the global textile industry are currently concentrating on energy efficiency to make their operations more effective and maximize profit. Innovation is a key factor in the industry, as growing demand for apparel is not based solely on quantity but also quality. Aesthetics are playing an increasingly important role in clothing demand along with requests for greater performance and serviceability in household products, such as curtains and carpets. Advances in finishing technologies are providing for the evolving nature of textile market requirements. These factors combined should see the global industry continue to evolve in key markets.

Leading Industry Associations

• Institute of Textile Technology www.itt.edu
• National Council of Textile Organizations www.ncto.org
• National Textile Association www.nationaltextile.org
• American Association of Textile Chemists and Colorists www.aatcc.org
• American Fiber Manufacturers Association www.fibersource.com
• European Textile Machinery Manufacturers Association www.cematex.org