Development Status Of Industrial Textiles In The United States

The severe financial crisis has slowed down the growth of many special textile markets in the United States. Nevertheless, the overall performance of the US industry is still remarkable.

So how do they seek development opportunities under all kinds of difficulties?

Where is the industrial warp knitted product located?

The understanding of this situation will help our similar enterprises to find their own direction and measures.

　　行業不景氣導致產業用紡織品用量銳減

In fact, the intensity and cycle of the US economic slowdown has been more serious and longer than many people, including some economic commentators, in the last quarter of 2008.

Because of the economic crisis caused by the financial industry and the real estate industry in the United States, housing prices in the United States have dropped by 15%~20%, and are expected to continue to fall in the next 12 months.

In addition, investors, banks and industries have realized that the US $700 billion rescue plan will not make the credit market pick up quickly in the short term, and the economy will continue to be weak.

Among them, the automobile industry is the most affected.

The industry faces unprecedented problems, with sales falling from 16 million in 2007 to 13 million this year.

According to the calculation of 32 square meters of textiles per vehicle, the recession of the US auto industry will reduce the consumption of textiles by 96 million square meters.

At the same time, the weakening of the US economy also resulted in a decrease in ship sales, and 841820 sales in 2007 dropped by 7.7% compared with 2006.

Even more serious is that the sales volume of us aftermarket accessories dropped by 5.5% in 2007.

The downturn in these industries has directly led to a decline in the sales of the industrial textiles industry, for example, the awning market has dropped from the annual growth rate of 3% in 2007 to the annual growth rate of 1%~2% in 2008, while the sales of marine fabrics in 2008 dropped by 0.5% compared with 2007.

The volatile business environment, especially the rising prices of energy and raw materials, and the continued import of relatively cheap foreign textiles, have led to the decline in sales and profits of many US domestic textile suppliers and end product manufacturers in 2008.

Recently, the International Industrial Textiles Association has conducted a survey of business climate specifically for us industrial textiles suppliers. The survey shows that there are three major factors limiting the growth of industrial textiles in the United States: high raw material costs (raw materials other than oil / energy), competition from foreign manufacturers, and high oil / energy prices.

　　應對措施多樣

Nevertheless, there are some good news in the face of today's economic crisis. For example, some American companies that produce high-end textiles or have always had this idea, they anticipate changes in the market and take prudent but bold measures.

Their products not only adhere to diversification, but also rely on intellectual capital and advanced technology support to maintain their uniqueness, and the impact of production, sales and profits is minimal.

Other positive measures are also in use and in progress.

　　增加投入 強調質量和創新

For the US industrial textiles market, suppliers are fighting various restrictions on their development by introducing new, high-value and profitable products, marketing and promotional activities, improving manufacturing processes, increasing research and development efforts, purchasing new equipment, and advertising.

Although the economy is weak now, some industrial textile companies in the United States still insist on starting their plans. They not only control costs, but also emphasize quality and innovation.