Lace and knitted fabrics market in United States of America, including Puerto Rico and US Virgin Islands

Earlier Report Observations

The US market for lace and knitted fabrics in volume terms declined from 280.5 thousand tons in 2018 to 254.3 thousand tons in 2020, while its value remained relatively stable near $1.5 billion. Production and import volumes fell over these two years.

Market volume rose to 263.9 thousand tons in 2021, with value reaching $1.5 billion, before volume contracted to 242.5 thousand tons in 2022 even as market value grew to $1.6 billion. Established manufacturers such as Guilford Mills continued to shape the industry landscape.

In 2023 and 2024, import volumes decreased, influenced by stronger consumer demand for breathable, stretchable, and eco-friendly fabrics and the sustained athleisure trend. Simultaneously, rising cotton prices due to environmental and supply-demand pressures increased production costs.

Production lace and knitted fabrics in United States of America, including Puerto Rico and US Virgin Islands

In kind, 2017-2020, K t

The United States, including Puerto Rico and the US Virgin Islands, saw its lace and knitted fabrics production decline for the third consecutive year. In 2020, production reached 123.9 thousand tons, marking a moderate decrease of 7.6% compared to 2019. Over the period from 2017 to 2020, production fell by 9.5%, with an average annual decline of 3.3%.

Annual dynamics of production in United States of America, including Puerto Rico and US Virgin Islands in kind, 2017-2020, K t

In value, 2017-2020, M $ US

The United States, including Puerto Rico and the US Virgin Islands, experienced a third straight year of decline in lace and knitted fabrics production value. In 2020, the output was valued at 1 229 million US dollars, showing a limited drop of 6.4% from the previous year. From 2017 to 2020, production value decreased by 13.4%, with an average annual decline of 4.7%.

Annual dynamics of production in United States of America, including Puerto Rico and US Virgin Islands in value, 2017-2020, M $ US

Exports lace and knitted fabrics from United States of America, including Puerto Rico and US Virgin Islands

Exports in kind, K t

Lace and knitted fabrics exports from the United States, including Puerto Rico and the US Virgin Islands, fell for the second consecutive year. In 2020, exports amounted to 67.6 thousand tons, representing a solid decline of 21.8% compared to 2019. Between 2017 and 2020, exports decreased by 23.5%, equating to an annualized rate of 8.6%. The highest export volume was recorded in 2018 at 88.8 thousand tons, with the largest increase of 0.4% also occurring that year.

Annual dynamics of product's exports from United States of America, including Puerto Rico and US Virgin Islands in kind, 2017-2020, K t

From 2017 to 2020, the leading destinations for lace and knitted fabrics exports in volume from the United States, including Puerto Rico and the US Virgin Islands, were Mexico, Honduras, and Guatemala. Mexico accounted for 39.2% of exports, Honduras for 10.1%, and Guatemala for 9.8%, together making up 59.1% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from United States of America, including Puerto Rico and US Virgin Islands in kind, 2017-2020

Exports in value, M $ US

The United States, including Puerto Rico and the US Virgin Islands, saw its lace and knitted fabrics export value decline for the third consecutive year. In 2020, exports totaled 671 million US dollars, reflecting a robust loss of 20.7% compared to the previous year. Between 2017 and 2020, export value decreased by 26.8%, with an annualized rate of 9.9%.

Annual dynamics of product's exports from United States of America, including Puerto Rico and US Virgin Islands in value, 2017-2020, M $ US

Throughout 2017 to 2020, the three largest markets for lace and knitted fabrics exports in value terms were Mexico, Honduras, and Guatemala. Together, they accounted for 57.2% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from United States of America, including Puerto Rico and US Virgin Islands in value, 2017-2020

Imports lace and knitted fabrics to United States of America, including Puerto Rico and US Virgin Islands

Imports in kind, K t

In 2020, the United States, including Puerto Rico and the US Virgin Islands, imported 198.0 thousand tons of lace and knitted fabrics, showing a small advance of 1.8% from 2019. Over the period from 2017 to 2020, imports decreased by 12.8%, with an average annual decline of 4.5%. The lowest import volume was recorded in 2019 at 194.5 thousand tons, while the highest was in 2018 at 233.1 thousand tons. The largest decline occurred in 2019 at 16.6%, and the largest increase was in 2018 at 2.6%.

Annual dynamics of product's imports to United States of America, including Puerto Rico and US Virgin Islands in kind, 2017-2020, K t

From 2017 to 2020, the main sources for lace and knitted fabrics imports in volume to the United States, including Puerto Rico and the US Virgin Islands, were China, South Korea, and India. China accounted for 53.1% of imports, South Korea for 12.5%, and India for 11.6%, together representing 77.3% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to United States of America, including Puerto Rico and US Virgin Islands in kind, 2017-2020

Imports in value, M $ US

The United States, including Puerto Rico and the US Virgin Islands, experienced a second consecutive year of decline in lace and knitted fabrics import value. In 2020, imports reached 895 million US dollars, constituting a moderate decline of 9.0% from the previous year. Over the period from 2017 to 2020, import value decreased by 16.5%, with an average annual decline of 5.8%. The highest import value was recorded in 2018 at 1 110 million US dollars. The largest decline occurred in 2019 at 11.4%, and the largest increase was in 2018 at 3.5%.

Annual dynamics of product's imports to United States of America, including Puerto Rico and US Virgin Islands in value, 2017-2020, M $ US

Throughout 2017 to 2020, the core group of markets for lace and knitted fabrics imports in value terms to the United States, including Puerto Rico and the US Virgin Islands, consisted of China, South Korea, and Israel. China accounted for 39.4% of imports, South Korea for 14.5%, and Israel for 8.2%, together making up 62.2% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to United States of America, including Puerto Rico and US Virgin Islands in value, 2017-2020