Starting from 2013, the turnover of Cotton Broadwoven Fabrics, Finished in Finishing Mills in the US has exhibited some variability. After an initial growth of 8.82% in 2013, the sector saw a decline in 2014, followed by a substantial rise in 2015 with a 17% increase. The following years displayed more stability with minor fluctuations, but a noticeable drop occurred in 2020 amid the pandemic. Recovery was noted in 2021 with a 6.47% increase, continuing gradual growth into 2023 where the turnover stood at approximately $828 million USD.
Analyzing the last two years (2022-2023), year-on-year variations were modest, with 2022 growing by 1.11% and 2023 by 1.07%. The CAGR over the past five years stood at 1.15%, indicating steady albeit slow growth.
Future trends to watch for include:
- Gradual growth continues with the CAGR for the next five years forecasted at 0.85%.
- Emerging technologies in textile finishing which could influence production efficiencies.
- Potential shifts in demand due to sustainability trends and consumer preferences.
- Economic factors influencing raw material prices and trade policies affecting turnover.
