Value of U.S. Textile Shipments
In 2022, the value of U.S. man-made fiber and filament, textile, and apparel shipments totaled an estimated $65.8 billion. 2020 represented the first decrease in shipments since 2009, resulting from the ongoing Covid-19 pandemic.
The breakdown of 2022 shipments by industry sector:
- $27.5 billion for NAICS 313 – Textile Mills (Yarns & Fabrics)
- $23.7 billion for NAICS 314 – Textile Product Mills (Home Furnishings, Carpet, & Non-Apparel Sewn Products)
- $9.0 billion for NAICS 315 – Apparel
- An estimated $5.6 billion for NAICS 32522 – Artificial and Synthetic Fibers and Filaments (Man-Made Fibers & Filaments
U.S. Capital Investment
The U.S. textile industry remains globally competitive due to the continued investment in the domestic industry. The industry invested $20.9 billion in new plants and equipment from 2012 to 2021. Investment is required in processes as well as product development. Recently producers have opened new fiber, yarn, and recycling facilities to convert textile and other waste to new textile uses and resins. Over the last five years, the pace of investment has increased as foreign manufacturers turn to the United States for production.
Investment in Textile Mills and Textile Product Mills has seen especially explosive growth, climbing from $1.56 million in 2012 to $2.27 billion in 2021 – an increase of 45 percent.