EU Synthetic Yarn Production Declines in Uncertain Patterns

EU synthetic yarn production showed mixed dynamics from 2007 to 2014, eventually falling from 354 thousand tonnes in 2007 to 276 thousand tonnes in 2014. It dropped with a CAGR of -4.2% over the period under review. In value terms, EU filament yarn production decreased to 1,259 million EUR in 2014, falling by -2.5% annually.

Germany was the largest manufacturer of synthetic yarn in absolute volumes, with 51 thousand tonnes produced. It was distantly followed by Romania (35 thousand tonnes), Spain (33 thousand tonnes) and Bulgaria (12 thousand tonnes).

Positive dynamics in synthetic yarn production among the main producing countries from 2007 to 2014 were recorded in Romania (+2.0% per year), while for the other three EU leaders (Germany, Spain and Bulgaria) the paces of growth were negative.

Germany dominated in EU synthetic yarn production and trade. In 2014, Germany exported 42% of its total filament yarn output. Of this amount, 11% was supplied to Poland, where German synthetic yarn held an 18% share of total Poland's imports.

Source: EU: Yarn Of Man-Made Filaments - Market Report. Analysis And Forecast To 2020