The global market for the export of yarn of synthetic staple fibers is led by China, the United States, and India, with China experiencing a strong annual growth of 3.41%. Despite a decline from Canada and Germany, countries like India, the Netherlands, and Pakistan are seeing growth with considerable annual increases of 4.93%, 4.4%, and 5.4% respectively. South Korea and Thailand have faced significant contractions, with the most notable declines.
Future trends indicate a potential shift in market dynamics as emerging economies and smaller markets like Poland and Kyrgyzstan show robust growth. Monitoring changes in trade policies and advancements in textile technology will be crucial for understanding future competitive landscape shifts.
Top countries in Export of Yarn of Synthetic Staple Fibres, Containing 85% or More by Weight of Such Fibres Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 27.37 | 2023 | +3.17% | +3.41% | View data |
| 2 | 2 United States | 18.92 | 2023 | +2.02% | +1.86% | View data |
| 3 | 3 India | 13.21 | 2023 | +4.2% | +4.93% | View data |
| 4 | 4 Canada | 10.17 | 2023 | -3.47% | -2.79% | View data |
| 5 | 5 Germany | 5.31 | 2023 | -5.36% | -4.94% | View data |
| 6 | 6 Netherlands | 5.16 | 2023 | +3.04% | +4.4% | View data |
| 7 | 7 Serbia | 3.48 | 2023 | +6.74% | +0.89% | View data |
| 8 | 8 United Kingdom | 3.39 | 2023 | -1.37% | -2.49% | View data |
| 9 | 9 Pakistan | 2.58 | 2023 | +4.79% | +5.4% | View data |
| 10 | 10 Malaysia | 2.49 | 2023 | +6.65% | +1.02% | View data |
