On May 25, 2016, U.S. Under Secretary of Commerce for International Trade Stefan M. Selig released 19 Top Markets Reports to provide U.S. exporters with the latest sector-specific export opportunities, including technical textiles.
The 2016 Technical Textiles Top Markets Report, produced by the U.S. Department of Commerce's International Trade Administration ("ITA"), forecasts global demand for U.S. technical textile products to increase 4 percent annually through 2017. Innovation and new technology coupled with trade relationships developed under existing and future free trade agreements will drive this increase in demand.
The Top Markets Report examines historical data from 2008 through 2015 plus forecasts demand for 2016 and 2017, and ranks 70 markets for overall technical textile exports. This study of the U.S. technical textiles market is intended to provide an analysis of the competitive landscape, including developing trends and key regions where U.S. producers could find new and continued opportunities for their products.
In addition to examining historical and future global demand for U.S. technical textile products, this Top Markets Report identifies nine key foreign markets where U.S. producers could see growth and opportunities to expand their market.
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