The global export market for multiple or cabled yarns containing 85% or more artificial staple fibers is dominated by China, commanding approximately 47.99% market share in 2023. Belgium, Indonesia, and India are other significant contributors, holding shares of 16.16%, 13.55%, and 13.03% respectively. Italy and Slovenia, while participating, have minimal shares relative to the top exporters. Between 2022 and 2023, positive growth was noted in exports from countries like Belgium, Portugal, Bulgaria, and the Netherlands, with Belgium's exports increasing by 3.23%. Conversely, Germany, Japan, and the United States saw declines, with the US experiencing the steepest drop of 32.01%.
Future trends to watch for include:
- Potential growth in South and Southeast Asian markets due to increasing manufacturing capabilities.
- The impact of environmental policies on artificial fiber production and subsequent exports.
- Technological advancements in textile manufacturing influencing export shares.
- Market volatility in Europe due to geopolitical tensions affecting supply chains.
Top countries in Export of Multiple (Folded) or Cabled Yarn Containing 85% or More by Weight of Artificial Staple Fibres Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 47.99 | 2023 | +3.18% | +3.05% | View data |
| 2 | 2 Belgium | 16.16 | 2023 | +4.01% | +3.23% | View data |
| 3 | 3 Indonesia | 13.55 | 2023 | +1.17% | +1.29% | View data |
| 4 | 4 India | 13.03 | 2023 | -0.32% | +1.31% | View data |
| 5 | 5 Italy | 1.74 | 2023 | -1.49% | -0.71% | View data |
| 6 | 6 Slovenia | 0.77 | 2023 | +2.46% | +1.96% | View data |
| 7 | 7 Spain | 0.6 | 2023 | +0.67% | +0.71% | View data |
| 8 | 8 Portugal | 0.55 | 2023 | +0.93% | +4.13% | View data |
| 9 | 9 Czech Republic | 0.46 | 2023 | +2.49% | +1.77% | View data |
| 10 | 10 Germany | 0.4 | 2023 | -5.8% | -5.19% | View data |
