The global export market for yarn of synthetic staple fibers, with 85% or more by weight, is substantially led by China, followed by India and the United States. In 2023, China experienced a 4.12% increase, while India grew by 4.76%. Conversely, the U.S. saw a slight decline of 0.014%. Other notable growths include Kyrgyzstan with 17.94% and Belarus with 7.11%. However, significant declines are evident in Peru, Greece, and Thailand, with negatives around 13.74%, 21.86%, and 20.85%, respectively.
Future trends to watch:
- China's continued dominance in the market due to advancements in synthetic fiber technology.
- Emerging markets, like Kyrgyzstan and Belarus, showing potential for significant future growth.
- The impact of environmental policies and sustainability trends on the synthetic yarn industry.
Top countries in Export of Yarn of Synthetic Staple Fibres, Containing 85% or More by Weight of Such Fibres by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 6,865,500 | 2023 | +3.38% | +4.12% | View data |
| 2 | 2 India | 2,626,000 | 2023 | +3.36% | +4.76% | View data |
| 3 | 3 United States | 2,387,500 | 2023 | -1.65% | -0.014% | View data |
| 4 | 4 Canada | 1,189,900 | 2023 | -3.05% | -2.86% | View data |
| 5 | 5 Pakistan | 998,670 | 2023 | +4.32% | +5.55% | View data |
| 6 | 6 Netherlands | 951,160 | 2023 | +3.41% | +5.12% | View data |
| 7 | 7 Serbia | 950,310 | 2023 | +6.75% | +0.91% | View data |
| 8 | 8 Germany | 659,980 | 2023 | -3.97% | -3.06% | View data |
| 9 | 9 Malaysia | 458,220 | 2023 | +6.54% | +0.86% | View data |
| 10 | 10 Macedonia | 438,210 | 2023 | +4.31% | +3.54% | View data |
