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India - Yarn Of Synthetic Or Artificial Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Jan 23, 2023
Synthetic Yarn Price in India Drops to $3,231 per Ton
India Synthetic Yarn Export Price in September 2022
In September 2022, the synthetic yarn price stood at $3,231 per ton (FOB, India), with a decrease of -4.5% against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 an increase of 1.8% against the previous month. As a result, the export price reached the peak level of $3,394 per ton. From June 2022 to September 2022, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In September 2022, the country with the highest price was the United States ($5,063 per ton), while the average price for exports to Kenya ($2,010 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
India Synthetic Yarn Export Prices by Type
There were significant differences in the average prices for the major types of exported product. In September 2022, the product with the highest price was yarn (not sewing thread), of man-made staple fibres, put up for retail sale ($6,860 per ton), while the average price for exports of yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale ($3,008 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for the following types: yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale (+0.7%), while the prices for the other products experienced a decline.
India Synthetic Yarn Exports
In September 2022, shipments abroad of yarn of synthetic or artificial staple fibers decreased by -0.3% to 18K tons, falling for the second consecutive month after two months of growth. In general, exports saw a perceptible setback. The growth pace was the most rapid in March 2022 when exports increased by 17% against the previous month. As a result, the exports reached the peak of 26K tons. From April 2022 to September 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, synthetic yarn exports dropped to $57M (IndexBox estimates) in September 2022. Over the period under review, exports continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in March 2022 with an increase of 16% m-o-m. As a result, the exports attained the peak of $87M. From April 2022 to September 2022, the growth of the exports remained at a lower figure.
India Synthetic Yarn Exports by Type
Yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale (15K tons) was the largest type of synthetic yarn exported from India, accounting for a 86% 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 (2.1K tons), sevenfold.
From January 2022 to September 2022, 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 totaled -2.8%. 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 (-7.9% per month) and yarn (not sewing thread), of man-made staple fibres, put up for retail sale (-0.3% per month).
In value terms, yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale ($46M) remains the largest type of synthetic yarn exported from India, comprising 80% 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 ($8.7M), with a 15% share of total exports.
From January 2022 to September 2022, 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 totaled -3.1%. 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 (-7.3% per month) and yarn (not sewing thread), of man-made staple fibres, put up for retail sale (-0.3% per month).
India Synthetic Yarn Exports by Country
Turkey (3.5K tons), Brazil (2.6K tons) and Kenya (984 tons) were the main destinations of synthetic yarn exports from India, together comprising 40% of total exports.
From January 2022 to September 2022, the biggest increases were in Brazil (with a CAGR of +15.0%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for synthetic yarn exported from India were Turkey ($11M), Brazil ($6.4M) and the United States ($4.9M), with a combined 39% share of total exports.
Brazil, with a CAGR of +11.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Factors Affecting Synthetic Yarn Prices
India remains one of the largest producers and suppliers of synthetic yarns in the world. The country has a large base of manufacturers who are able to produce high-quality synthetic yarns at competitive prices. Additionally, India has a strong presence in the global market for synthetic yarns, with exports accounting for a significant share of total production.
Synthetic yarns are used in a variety of industries, including the textile, automotive, and construction sectors. The price increase has been felt most acutely in the textile industry, where synthetic yarns are used extensively.
In India, the prices of synthetic yarns have been on the rise in recent years. This is due to a number of factors, including the increasing cost of raw materials, higher energy costs, and increased competition from other countries.
The most significant factor has been the rising cost of crude oil, which is a major input used in the production of synthetic yarns. Additionally, there has been an increase in demand for synthetic yarns from sectors such as textile and apparel, leading to higher prices. Furthermore, the depreciation of the Indian rupee against the US dollar has also contributed to higher prices for synthetic yarns in India.
This report provides an in-depth analysis of the synthetic yarn market in India. 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:
• India
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in India
• 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. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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