First Research US Industry Profile

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Textile Manufacturing
SIC Codes: 22
NAICS Codes: 313, 314
Last Quarterly Update: 5/27/2019
Companies in this industry operate mills that produce textiles and textile products from natural and synthetic materials. Major companies include Avintiv, Milliken, Standard Textile Co, and WL Gore & Associates (all based in the US), along with Chinatex (China), Far Eastern New Century (Taiwan), Hyosung (South Korea), Toyobo (Japan), and Weiqiao Textile (China).
Worldwide textile exports amount to about $285 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 8,300 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.
Exports represent about 25% of US textile production. The main export destinations include Canada and Mexico. Many manufacturers ship fabric to other countries for sewing into final garments, which are then reimported into the US. Textile imports, which account for more than 40% of the US market, come mainly from China, India, and Mexico.
Products, Operations & Technology
Major products are yarns and threads, fabrics, and carpets. The industry produces yarns and threads out of natural (wool and cotton) and synthetic (plastics) ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
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Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

02/25/2019
11/19/2018
08/20/2018
05/28/2018
02/26/2018
11/20/2017
08/21/2017
05/22/2017
02/13/2017
11/07/2016
08/08/2016
05/09/2016
02/08/2016
11/02/2015
08/03/2015
05/04/2015
02/02/2015
11/03/2014
08/11/2014
05/12/2014
02/17/2014
11/11/2013
08/19/2013
05/27/2013
03/04/2013
11/26/2012
09/03/2012
06/18/2012
03/26/2012
12/05/2011
09/12/2011
06/06/2011
02/28/2011
11/08/2010
08/16/2010
05/03/2010
01/11/2010