Number of Textile and Fabric Finishing Mills Businesses in the US (2000–2023)
As of 2023
654
textile and fabric finishing mills businesses in the United States
Number of Firms Over Time
Total Employment Over Time
Key Insights
- •The textile and fabric finishing mills industry has declined 73.1% since 2000 (from 2,435 to 654 firms).
- •The peak year was 2000 with 2,435 firms.
- •Recent trend (last 5 years): the industry is shrinking (-8.8%).
- •Employment: 20,867 workers in 2023 (-77.0% change since 2000).
- •Estimated 5-year survival rate: 63%.
Year-by-Year Data
| Year | Firms | Establishments | Employment | Entry Rate | Exit Rate | Net Growth |
|---|---|---|---|---|---|---|
| 2023 | 654 | 692 | 20,867 | 7.3% | 8.9% | -2.7% |
| 2022 | 668 | 703 | 21,949 | 9.4% | 8.8% | +0.7% |
| 2021 | 675 | 714 | 22,164 | 7.6% | 10.8% | -8.8% |
| 2020 | 714 | 754 | 24,289 | 10.1% | 9.1% | -5.2% |
| 2019 | 717 | 756 | 25,289 | 7.6% | 8.3% | -2.8% |
| 2018 | 748 | 786 | 26,424 | 8.8% | 7.8% | -2.6% |
| 2017 | 746 | 789 | 26,951 | 5.4% | 8.7% | -4.1% |
| 2016 | 813 | 858 | 28,224 | 4.2% | 7.3% | +1.5% |
| 2015 | 859 | 904 | 28,424 | 5.0% | 9.1% | -1.1% |
| 2014 | 905 | 951 | 28,516 | 4.6% | 10.1% | -1.4% |
Source: U.S. Census Bureau, Business Dynamics Statistics (BDS). Entry/exit rates refer to establishment openings and closings.