In 2023, China continues to dominate the global export market of man-made filament yarn, holding a substantial 67.6% market share. Despite a slight annual growth of 4.03%, it remains the clear leader in this sector. European countries like the Netherlands and Japan have shown modest growth, with increases of 6.13% and 4.85% respectively, whereas exports from the United States have fallen by 2.06%. Notably, Latvia and Greece exhibited remarkable growth, at 21.76% and 77.42% year-on-year, countering the declines seen in Italy, Canada, and the United Kingdom.
Looking ahead, potential trends in the global export market for man-made filament yarn include:
- Continued strength of China's position, albeit with potential slight market share adjustments.
- The rise of emerging players like Greece and Latvia could continue if their growth trends remain consistent.
- European countries may exert efforts to regain competitiveness, potentially stabilizing or improving their exports as economies recover.
- Technological advancements and sustainability efforts could influence shifts in production and export trends globally.
Top countries in Export of Man-Made Filament Yarn Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 67.6 | 2023 | +4.31% | +4.03% | View data |
| 2 | 2 Netherlands | 6.36 | 2023 | +5.24% | +6.13% | View data |
| 3 | 3 Japan | 5.51 | 2023 | +3.23% | +4.85% | View data |
| 4 | 4 United States | 5.07 | 2023 | -2.33% | -2.06% | View data |
| 5 | 5 Mexico | 1.62 | 2023 | -4.74% | -5.53% | View data |
| 6 | 6 Germany | 1.34 | 2023 | -0.83% | +0.094% | View data |
| 7 | 7 Spain | 0.77 | 2023 | -1.65% | -1.03% | View data |
| 8 | 8 France | 0.68 | 2023 | -3.24% | -5.52% | View data |
| 9 | 9 Belgium | 0.5 | 2023 | -1.59% | -4.83% | View data |
| 10 | 10 South Korea | 0.49 | 2023 | -10.05% | -7.65% | View data |
