In 2023, China dominated the global export market for woven fabrics of artificial staple fibers, with a market share exceeding 72%, reflecting a significant year-on-year increase. Italy and Spain followed, albeit with much smaller contributions, around 5% each. Noteworthy growth was seen from India with an impressive 10.92% year-on-year increase. Most European exporters saw diminishing exports, with Germany experiencing an 11.96% decline. Smaller markets such as Egypt and Brazil showed positive growth indicators, whereas severe contractions were noted in the exports from Japan and Switzerland. These trends reflect a shift towards emerging markets gaining ground, amid struggling traditional exporters.
Future trends to watch include the continued dominance of China in this sector, with potential expansion in exports in countries like India. Conversely, the sustainability and emerging competition may create challenges for European exports in the market. The volatile geopolitical landscape and ongoing trade policies will likely shape the trajectory of these export figures in the coming years.
Top countries in Export of Woven Fabrics of Artificial Staple Fibres Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 72.13 | 2023 | +3.46% | +4.94% | View data |
| 2 | 2 Italy | 4.94 | 2023 | -0.4% | -1.33% | View data |
| 3 | 3 Spain | 4.91 | 2023 | +3.31% | +3.24% | View data |
| 4 | 4 India | 2.39 | 2023 | +3.13% | +10.92% | View data |
| 5 | 5 France | 1.22 | 2023 | -5.67% | -6.37% | View data |
| 6 | 6 Indonesia | 1.02 | 2023 | -0.99% | -0.061% | View data |
| 7 | 7 Germany | 0.91 | 2023 | -13.24% | -11.96% | View data |
| 8 | 8 South Korea | 0.74 | 2023 | -12.95% | -11.36% | View data |
| 9 | 9 Belgium | 0.67 | 2023 | -8.81% | -8.65% | View data |
| 10 | 10 United Kingdom | 0.59 | 2023 | -5% | -4.91% | View data |
