Which Country Exports the Most Synthetic Yarn in the World?

Textile Fibres May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

Which Country Exports the Most Synthetic Yarn in the World?

IndexBox has just published a new report "World: Yarn Of Synthetic Or Artificial Staple Fibers - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the amount of synthetic yarn imported worldwide amounted to 2.8M tonnes, falling by -3.1% against the previous year level. Overall, synthetic yarn imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010, when it surged by 8% year-to-year. Global synthetic yarn import peaked of 2.9M tonnes in 2015, falling back in the following year.

In value terms, synthetic yarn imports amounted to $5.1B in 2016. In general, synthetic yarn imports continue to indicate a relatively flat trend pattern. Over the period under review, global synthetic yarn imports reached its maximum level of $6.4B in 2011- however, from 2012 to 2016, it stood at a somewhat lower level.

Top Synthetic Yarn Importing Countries in the World

1. Turkey (400.8 million USD)

2. Bangladesh (378.3 million USD)

3. South Korea (331.9 million USD)

4. China (270.0 million USD)

5. Brazil (162.2 million USD)

6. Iran (139.9 million USD)

7. Viet Nam (128.8 million USD)

8. India (116.5 million USD)

9. Pakistan (99.2 million USD)

10. Egypt (61.6 million USD)

11. Thailand (47.9 million USD)

12. Indonesia (46.0 million USD)

Synthetic Yarn Imports By Country

China (553K tonnes), and Indonesia (383K tonnes) were the major importers of synthetic yarn in 2016, resulting at approx. 20%, and 14% of total imports, respectively. It was distantly followed by India (208K tonnes), Viet Nam (152K tonnes), Egypt (142K tonnes), Turkey (134K tonnes), and South Korea (130K tonnes), together making up 27% share of total synthetic yarn imports. Bangladesh (118K tonnes), Brazil (80K tonnes), Thailand (59K tonnes), Iran (52K tonnes), and Pakistan (50K tonnes) followed a long way behind this figure.

From 2007 to 2016, the most notable growth rate of synthetic yarn imports, among the main importing countries, was attained by Iran (+23.4% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the largest synthetic yarn markets worldwide were Turkey ($401M), Bangladesh ($378M) and South Korea ($332M), together accounting for 22% of global imports. These countries were followed by China, Brazil, Iran, Viet Nam, India, Pakistan, Egypt, Thailand and Indonesia, which together accounted for a further 21%.

Pakistan (+24.1% per year) experienced the highest rates of growth with regard to the synthetic yarn imports, among the main importing countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.

Synthetic Yarn Import Prices By Country

The average synthetic yarn import price stood at $1,817 per tonne in 2016, remaining relatively unchanged against the previous year level. Overall, synthetic yarn import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011, when import price increased by 23% from the previous year level. In that year, average synthetic yarn import price attained its maximum level of $2,359 per tonne. From 2012 to 2016, growth of average synthetic yarn import price failed to regain its strength.

Import prices varied noticeably by country of destination. the country with the highest import prices was Bangladesh ($3,211 per tonne), while Indonesia ($120 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of synthetic yarn import prices was attained by Indonesia (+14.0% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global synthetic yarn market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • synthetic yarn market share
  • synthetic yarn prices
  • synthetic yarn industry
  • synthetic yarn sales
  • synthetic yarn import
  • synthetic yarn export
  • synthetic yarn market forecast
  • synthetic yarn price forecast
  • key synthetic yarn producers

All data provided in this article covers the following product: HS Code 5509 - Yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale.

Source: World: Yarn Of Synthetic Or Artificial Staple Fibers - Market Report. Analysis and Forecast to 2025