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China - Yarn Of Synthetic Or Artificial Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

China - Yarn Of Synthetic Or Artificial Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Jun 13, 2023

China's Synthetic Yarn Export Drops Slightly to $217M in April 2023

China Synthetic Yarn Exports

Synthetic yarn exports from China reached 71K tons in April 2023, approximately mirroring March 2023. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2023 with an increase of 57% against the previous month.

In value terms, synthetic yarn exports reduced to $217M (IndexBox estimates) in April 2023. Over the period under review, exports, however, continue to indicate a mild reduction. The most prominent rate of growth was recorded in March 2023 with an increase of 68% against the previous month.

COUNTRYExport Value of Synthetic Yarn in China (million USD)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
Bangladesh65.680.767.949.834.031.230.930.737.650.537.659.957.0
Brazil12.123.126.334.633.527.219.911.314.817.010.319.820.1
Vietnam19.221.823.317.814.415.712.010.610.99.713.218.918.4
Egypt14.118.730.023.718.411.117.520.320.711.98.514.916.0
India48.564.634.915.217.111.210.410.414.316.110.412.712.8
Cambodia9.77.06.46.14.13.72.93.34.59.14.29.88.4
South Korea6.07.58.88.26.68.36.46.56.26.14.68.26.8
Pakistan5.87.37.44.43.43.32.61.93.83.62.23.25.4
Myanmar4.55.27.54.43.62.53.33.12.05.33.54.55.0
Mexico5.14.56.24.65.35.55.14.74.25.02.54.83.5
Indonesia5.05.57.75.44.74.34.14.25.34.32.84.83.1
Morocco0.80.90.70.71.00.61.51.00.91.31.31.82.2
Jordan1.94.23.33.01.41.72.02.01.91.70.81.31.8
Others48.553.354.762.057.654.255.148.041.646.228.855.356.6
Total247304285240205180174158169188131220217

Exports by Country

Bangladesh (14K tons), Brazil (11K tons) and Egypt (8.8K tons) were the main destinations of synthetic yarn exports from China, with a combined 48% share of total exports. Vietnam, India, Pakistan, Cambodia, South Korea, Mexico, Jordan, Morocco, Myanmar and Indonesia lagged somewhat behind, together accounting for a further 29%.

From April 2022 to April 2023, the biggest increases were in Morocco (with a CAGR of +11.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($57M) remains the key foreign market for synthetic yarn exports from China, comprising 26% of total exports. The second position in the ranking was held by Brazil ($20M), with a 9.3% share of total exports. It was followed by Vietnam, with an 8.5% share.

From April 2022 to April 2023, the average monthly rate of growth in terms of value to Bangladesh stood at -1.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Brazil (+4.3% per month) and Vietnam (-0.4% per month).

Exports by Type

Yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale (56K tons) was the largest type of synthetic yarn exported from China, with a 79% share of total exports. Moreover, yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale exceeded the volume of the second product type, yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale (14K tons), fourfold.

From April 2022 to April 2023, the average monthly rate of growth in terms of the volume of export of yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale amounted to +1.3%. With regard to the other exported products, the following average monthly rates of growth were recorded: yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale (-5.1% per month) and yarn (not sewing thread), of man-made staple fibres, put up for retail sale (+5.3% per month).

In value terms, yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale ($166M) remains the largest type of synthetic yarn exported from China, comprising 76% of total exports. The second position in the ranking was taken by yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale ($45M), with a 21% share of total exports.

From April 2022 to April 2023, the average monthly growth rate of the export volume of yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale (-4.8% per month) and yarn (not sewing thread), of man-made staple fibres, put up for retail sale (+6.4% per month).

Export Prices by Country

In April 2023, the synthetic yarn price stood at $3,082 per ton (FOB, China), approximately reflecting the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 8.7% against the previous month. The export price peaked at $3,343 per ton in April 2022; however, from May 2022 to April 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In April 2023, the country with the highest price was Cambodia ($5,083 per ton), while the average price for exports to Jordan ($1,570 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the synthetic yarn market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 13108210 - Yarn (other than sewing thread) containing . .85 % by weight of synthetic staple fibres, n.p.r.s.
  • Prodcom 13108250 - Yarn (other than sewing thread) containing . .85 % by weight of synthetic staple fibres, p.r.s.
  • Prodcom 13108320 - Yarn containing < .85 % by weight of polyester staple fibres (other than sewing thread), mixed with artificial fibres, n.p.r.s.
  • Prodcom 13108340 - Yarn containing < .85 % by weight of synthetic staple fibres (other than sewing thread), mixed with cotton, n.p.r.s.
  • Prodcom 13108380 - Other yarns, containing < .85 % by weight of synthetic staple fibres (other than sewing thread), n.p.r.s., n.e.c.
  • Prodcom 13108390 - Yarn containing < .85 % by weight of synthetic staple fibres (other than sewing thread), p.r.s.
  • Prodcom 131083Z0 - Yarn of synthetic staple fibres mixed with wool, n.p.r.s
  • Prodcom 13108410 - Yarn (other than sewing thread) of artificial staple fibres, n .p.r.s.
  • Prodcom 13108430 - Yarn (other than sewing thread) of artificial staple fibres, p.r.s.

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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