Which Country Exports the Most Synthetic Yarn in the World?

Textile Fibres May 28, 2018
Author: Anna Sergeeva
Market Analyst

In 2016, approx. 1.6M tonnes of synthetic yarn were exported worldwide; dropping by -3.3% against the previous year figure. The total export volume increased at an average annual rate of +2.4% over the period from 2007 to 2016; however, the trend pattern indicated some noticeable fluctuations over the period under review. The pace of growth appeared the most rapid in 2010, when export increased by 14% against the previous year level. Global synthetic yarn export peaked of 1.7M tonnes in 2015, falling back in the following year.

In value terms, synthetic yarn exports amounted to $5.4B in 2016. Overall, it indicated a modest expansion from 2007 to 2016: the total exports value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, synthetic yarn exports decreased by -22.7% against its level of 2011. In that year, global synthetic yarn exports attained its maximum level of $6.9B. From 2012 to 2016, growth of global synthetic yarn exports failed to regain its strength.

Top Synthetic Yarn Exporting Countries in the World

1. China (1,483.3 million USD)

2. Indonesia (792.7 million USD)

3. India (507.8 million USD)

4. USA (440.5 million USD)

5. Turkey (275.6 million USD)

6. Viet Nam (253.1 million USD)

7. China, Hong Kong SAR (245.1 million USD)

8. Thailand (135.9 million USD)

9. Nepal (58.7 million USD)

Synthetic Yarn Exports By Country

In 2016, China (553K tonnes), distantly followed by Indonesia (364K tonnes), India (208K tonnes), and Viet Nam (87K tonnes) were the key exporters of synthetic yarn, together generating 75% of total exports. Turkey (64K tonnes), Thailand (58K tonnes), the U.S. (34K tonnes), China, Hong Kong SAR (31K tonnes), and Nepal (26K tonnes) followed a long way behind this figure.

From 2007 to 2016, the most notable growth rate of synthetic yarn exports, among the main exporting countries, was attained by China (+7.5% per year), while the other global leaders experienced more modest paces of growth.

In value terms, China ($1.5B), Indonesia ($793M) and India ($508M) were the countries with the highest levels of exports in 2016, together accounting for 52% of global exports. These countries were followed by the U.S., Turkey, Viet Nam, China, Hong Kong SAR, Thailand and Nepal, which together accounted for a further 26%.

Nepal (+7.9% per year) experienced the highest growth rate of synthetic yarn exports, in terms of the main exporting countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.

Synthetic Yarn Export Prices By Country

In 2016, the average export price for synthetic yarn amounted to $3,322 per tonne, approximately mirroring the previous year level. In general, synthetic yarn export price continues to indicate a slight drop. The most prominent rate of growth was recorded in 2011, an increase of 25% from the previous year level. In that year, average synthetic yarn export price attained its maximum level of $4,674 per tonne. From 2012 to 2016, growth of average synthetic yarn export price stood at a somewhat lower level.

Export prices varied noticeably by country of destination. the country with the highest export prices was the U.S. ($13 per kg), while Indonesia ($2,177 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of synthetic yarn export prices was attained by the U.S. (+18.0% 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