U.S. Artificial And Synthetic Fibers And Filaments Market. Analysis And Forecast to 2030
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View PricingPrice for Artificial and Synthetic Fiber in the United States - 2023
Contents:
- Price for Artificial and Synthetic Fiber in the United States (CIF) - 2023
- Price for Artificial and Synthetic Fiber in the United States (FOB) - 2023
- Imports of Artificial and Synthetic Fiber in the United States
- Exports of Artificial and Synthetic Fiber in the United States
Price for Artificial and Synthetic Fiber in the United States (CIF) - 2023
In August 2023, the average artificial and synthetic fiber import price amounted to $2,304 per ton, standing approximately at the previous month. In general, the import price saw a slight decrease. The most prominent rate of growth was recorded in May 2023 an increase of 5.2% month-to-month. The import price peaked at $2,866 per ton in September 2022; however, from October 2022 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Japan ($5,023 per ton), while the price for Thailand ($1,288 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Artificial and Synthetic Fiber in the United States (FOB) - 2023
In August 2023, the average artificial and synthetic fiber export price amounted to $6,048 per ton, therefore, remained relatively stable against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in February 2023 an increase of 8% month-to-month. The export price peaked at $6,191 per ton in May 2023; however, from June 2023 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($8,570 per ton), while the average price for exports to El Salvador ($3,789 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Artificial and Synthetic Fiber in the United States
In 2022, the amount of artificial and synthetic fibers and filaments imported into the United States stood at 1.1M tons, approximately reflecting the previous year. The total import volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 17% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, artificial and synthetic fiber imports skyrocketed to $2.8B in 2022. The total import value increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 25%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.
| Import of Artificial and Synthetic Fiber in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 365 | 289 | 352 | 369 | 0.4% |
| China | 344 | 245 | 290 | 294 | -5.1% |
| Germany | 162 | 140 | 181 | 234 | 13.0% |
| Japan | 182 | 152 | 147 | 210 | 4.9% |
| Vietnam | 52.2 | 70.5 | 113 | 180 | 51.1% |
| India | 106 | 78.1 | 137 | 179 | 19.1% |
| Turkey | 75.9 | 61.3 | 110 | 173 | 31.6% |
| Thailand | 116 | 101 | 152 | 172 | 14.0% |
| Indonesia | 84.9 | 64.1 | 101 | 141 | 18.4% |
| Mexico | 114 | 93.7 | 113 | 131 | 4.7% |
| Canada | 155 | 132 | 126 | 88.3 | -17.1% |
| Taiwan (Chinese) | 70.1 | 60.3 | 72.8 | 78.2 | 3.7% |
| Austria | 41.6 | 52.3 | 47.2 | 48.6 | 5.3% |
| Others | 434 | 334 | 397 | 473 | 2.9% |
| Total | 2,301 | 1,873 | 2,339 | 2,771 | 6.4% |
Top Suppliers of Artificial and Synthetic Fiber to the United States in 2022:
- China (167.1K tons)
- South Korea (159.2K tons)
- Vietnam (115.9K tons)
- Thailand (113.3K tons)
- India (99.6K tons)
- Indonesia (86.3K tons)
- Germany (54.9K tons)
- Turkey (51.9K tons)
- Japan (39.2K tons)
- Taiwan (Chinese) (31.7K tons)
- Mexico (28.9K tons)
- Canada (18.9K tons)
- Austria (14.5K tons)
Exports of Artificial and Synthetic Fiber in the United States
In 2022, shipments abroad of artificial and synthetic fibers and filaments decreased by -6.1% to 402K tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +15.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 48%.
In value terms, artificial and synthetic fiber exports expanded remarkably to $2.1B in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 13% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Artificial and Synthetic Fiber in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 275 | 243 | 332 | 354 | 8.8% |
| Canada | 196 | 157 | 175 | 198 | 0.3% |
| Netherlands | 181 | 183 | 141 | 160 | -4.0% |
| China | 129 | 106 | 124 | 129 | 0.0% |
| Indonesia | 84.5 | 80.1 | 93.0 | 112 | 9.8% |
| South Korea | 98.2 | 64.4 | 81.9 | 112 | 4.5% |
| Belgium | 197 | 177 | 161 | 95.6 | -21.4% |
| Japan | 77.7 | 68.6 | 68.5 | 79.3 | 0.7% |
| El Salvador | 70.0 | 47.1 | 68.4 | 63.8 | -3.0% |
| United Arab Emirates | 33.0 | 35.3 | 34.8 | 57.7 | 20.5% |
| Poland | 4.9 | 11.4 | 16.4 | 56.5 | 125.9% |
| India | 28.8 | 26.3 | 30.3 | 47.7 | 18.3% |
| Italy | 31.6 | 22.0 | 22.2 | 26.4 | -5.8% |
| Others | 686 | 520 | 620 | 606 | -4.0% |
| Total | 2,093 | 1,743 | 1,968 | 2,099 | 0.1% |
Top Export Markets for Artificial and Synthetic Fiber from the United States in 2022:
- Mexico (66.8K tons)
- Canada (46.9K tons)
- Netherlands (34.1K tons)
- China (25.0K tons)
- Indonesia (24.9K tons)
- South Korea (22.4K tons)
- El Salvador (14.4K tons)
- United Arab Emirates (14.2K tons)
- Poland (13.0K tons)
- Italy (11.7K tons)
- Belgium (11.2K tons)
- Japan (10.6K tons)
- India (10.5K tons)
This report provides an in-depth analysis of the market for artificial and synthetic fiber in the U.S.. 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:
- NAICS 325220 - Artificial and synthetic fibers and filaments manufacturing
Companies mentioned:
- Lenzing Fibers
- Solvaira Specialties
- Ascend Performance Materials Operations
- Polyester Fibers
- Universal Fibers
- Wellman Plastics Recycling
- Fdc Graphics Films
- Fairfield Processing Corp
- Johann Haltermann
- Sanders Industries
- Performance Fibers
- Specialty Materials
- Stein Fibers
- United Synthetics
- Formed Fiber Technologies
- Nan Ya Plastics Corporation
- Controlled Products
- Sterling Fibers
- Martin Color-Fi
- Southern Fiber
- Gudebrod
- CNA Holdings
- Warp Technologies
- Uniroyal Global Engineered Products
- Performance Fibers Operations
- Honeywell Resins & Chemicals
- Durafiber Technologies (dft) Enterprises
- Sun Performance Fibers
- Polycor Holdings
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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