In 2023, India dominated the global export market for polyester yarn mixed mainly or solely with wool or fine animal hair, holding a significant share of 38.47%. China followed with 16.09%, while the Czech Republic and Austria captured 9.5% and 8.34%, respectively. The United States, with a share of 2.89%, saw a decline of 0.93% year-on-year. Notably, South Africa showed a remarkable year-on-year increase of 218.02%. Over the last five years, the compound annual growth rate (CAGR) indicates varied trends, with notable declines in Germany and Poland by 11.02% and 20.9%, respectively, while Belarus exhibited significant growth.
Future trends to watch include:
- The potential for increased competition from countries like Belarus due to its strong growth trajectory.
- India's continued dominance, supported by its large-scale production capabilities.
- Observing how declining markets such as Germany and Poland adjust their strategies to regain share.
- The impact of technological advancements and environmental considerations on the industry's evolution.
Top countries in Export of Polyester Yarn Mixed Mainly or Solely with Wool or Fine Animal Hair Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 38.47 | 2023 | +1.44% | +3.16% | View data |
| 2 | 2 China | 16.09 | 2023 | +0.36% | +2.17% | View data |
| 3 | 3 Czech Republic | 9.5 | 2023 | +0.34% | -1.46% | View data |
| 4 | 4 Austria | 8.34 | 2023 | +2.01% | +2.89% | View data |
| 5 | 5 Germany | 7.91 | 2023 | -14.09% | -11.02% | View data |
| 6 | 6 Thailand | 7.09 | 2023 | +5.3% | -1.03% | View data |
| 7 | 7 United States | 2.89 | 2023 | +4.92% | -0.93% | View data |
| 8 | 8 Portugal | 2.55 | 2023 | -20.7% | -14.81% | View data |
| 9 | 9 Romania | 2.41 | 2023 | -5.89% | -1.25% | View data |
| 10 | 10 South Korea | 2.38 | 2023 | -9.03% | -2.5% | View data |
