Woven Fabrics of Artificial Staple Fibres Market

The global market for woven fabrics of artificial staple fibres is projected to see continued growth from 2022 to 2030, with consumption expected to reach 1.5B square meters and $19.6B in value. Key consuming countries include China, Turkey, and the United States. Production is led by China, while imports are highest in Italy, Spain, and Brazil. Export prices are highest in Turkey, while Spain emerges as the fastest-growing exporter. Overall, the market shows resilient expansion and notable rates of growth across various metrics.

Market Forecast

Driven by increasing demand for woven fabrics of artificial staple fibres worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.5% for the period from 2022 to 2030, which is projected to bring the market volume to 1.5B square meters by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.2% for the period from 2022 to 2030, which is projected to bring the market value to $19.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Woven Fabrics of Artificial Staple Fibres

Global consumption of woven fabrics of artificial staple fibres expanded notably to 1.1B square meters in 2022, growing by 9.4% on the previous year's figure. In general, consumption showed buoyant growth. As a result, consumption attained the peak volume of 1.1B square meters; afterwards, it flattened through to 2022.

The revenue of the market for woven fabrics of artificial staple fibres worldwide rose sharply to $13.1B in 2022, picking up by 10% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a buoyant expansion. As a result, consumption attained the peak level of $13.2B. From 2021 to 2022, the growth of the global market remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (94M square meters), Turkey (88M square meters) and the United States (84M square meters), together comprising 24% of global consumption. Brazil, India, Japan, Pakistan, Indonesia, Nigeria, Bangladesh, France, Somalia and Morocco lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of fibres, amongst the key consuming countries, was attained by Bangladesh (with a CAGR of +39.1%), while fibres for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($1.8B), Japan ($1.2B) and India ($1.1B) appeared to be the countries with the highest levels of market value in 2022, with a combined 31% share of the global market. Turkey, China, Pakistan, France, Morocco, Brazil, Bangladesh, Nigeria, Indonesia and Somalia lagged somewhat behind, together comprising a further 35%.

In terms of the main consuming countries, Bangladesh, with a CAGR of +38.4%, recorded the highest rates of growth with regard to market size over the period under review, while fibres for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of woven fabrics of artificial staple fibres per capita consumption in 2022 were Somalia (1,568 square meters per 1000 persons), Turkey (1,031 square meters per 1000 persons) and Morocco (688 square meters per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +38.1%), while fibres for the other global leaders experienced more modest paces of growth.

Production

World Production of Woven Fabrics of Artificial Staple Fibres

In 2022, global production of woven fabrics of artificial staple fibres expanded slightly to 1.2B square meters, increasing by 4.2% compared with 2021. In general, production posted a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 26%. As a result, production reached the peak volume of 1.2B square meters; afterwards, it flattened through to 2022.

In value terms, production of woven fabrics of artificial staple fibres rose significantly to $12.4B in 2022 estimated in export price. Overall, production saw a resilient expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 29%. As a result, production attained the peak level of $13B. From 2021 to 2022, global production of growth remained at a lower figure.

Production By Country

China (579M square meters) constituted the country with the largest volume of production of woven fabrics of artificial staple fibres, comprising approx. 50% of total volume. Moreover, production of woven fabrics of artificial staple fibres in China exceeded the figures recorded by the second-largest producer, Turkey (93M square meters), sixfold. The United States (81M square meters) ranked third in terms of total production with a 7% share.

In China, production of woven fabrics of artificial staple fibres expanded at an average annual rate of +9.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (+8.6% per year) and the United States (+14.6% per year).

Imports

World Imports of Woven Fabrics of Artificial Staple Fibres

In 2022, global imports of woven fabrics of artificial staple fibres totaled 697M square meters, surging by 2.6% on the year before. In general, imports recorded a resilient expansion. The growth pace was the most rapid in 2020 when imports increased by 24%. Over the period under review, global imports of attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of woven fabrics of artificial staple fibres expanded markedly to $3.7B in 2022. The total import value increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by 28%. As a result, imports reached the peak of $3.8B. From 2016 to 2022, the growth of global imports of remained at a lower figure.

Imports By Country

In 2022, Italy (57M square meters), Spain (55M square meters) and Brazil (53M square meters) represented the major importer of woven fabrics of artificial staple fibres in the world, generating 24% of total import. It was followed by Germany (35M square meters), achieving a 5% share of total imports. The following importers - Bangladesh (30M square meters), France (28M square meters), Somalia (26M square meters), Morocco (26M square meters), Argentina (22M square meters), Iraq (20M square meters), Mauritania (15M square meters), the United Arab Emirates (14M square meters) and Romania (14M square meters) - together made up 28% of total imports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +39.1%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Morocco ($369M), Bangladesh ($239M) and Brazil ($238M) constituted the countries with the highest levels of imports in 2022, with a combined 23% share of global imports.

Bangladesh, with a CAGR of +38.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average import price for woven fabrics of artificial staple fibres stood at $5.3 per square meter in 2022, picking up by 3.1% against the previous year. Overall, the import price, however, showed a abrupt decrease. The growth pace was the most rapid in 2015 an increase of 14%. As a result, import price reached the peak level of $12 per square meter. From 2016 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Morocco ($14 per square meter), while Germany ($1.9 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+5.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Woven Fabrics of Artificial Staple Fibres

After three years of growth, shipments abroad of woven fabrics of artificial staple fibres decreased by -4.3% to 718M square meters in 2022. In general, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2014 with an increase of 27% against the previous year. The global exports peaked at 751M square meters in 2021, and then reduced in the following year.

In value terms, exports of woven fabrics of artificial staple fibres rose slightly to $4.6B in 2022. The total export value increased at an average annual rate of +5.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 24% against the previous year. Over the period under review, the global exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports By Country

China dominates fibres structure, resulting at 486M square meters, which was approx. 68% of total exports in 2022. Spain (63M square meters) took an 8.8% share (based on physical terms) of total exports, which put it in second place, followed by Italy (5.6%). Germany (23M square meters), Belgium (13M square meters), Turkey (13M square meters) and France (12M square meters) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to woven fabrics of artificial staple fibres exports from China stood at +9.7%. At the same time, Spain (+26.1%), Germany (+19.4%), Italy (+17.5%), Belgium (+13.7%), France (+13.0%) and Turkey (+4.0%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of +26.1% from 2012-2022. While the share of Spain (+6.6 p.p.), Italy (+2.8 p.p.) and Germany (+1.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($3.4B) remains the largest woven fabrics of artificial staple fibres supplier worldwide, comprising 74% of global exports. The second position in the ranking was taken by Italy ($223M), with a 4.9% share of global exports. It was followed by Turkey, with a 4.1% share.

In China, exports of woven fabrics of artificial staple fibres expanded at an average annual rate of +8.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Italy (+1.3% per year) and Turkey (+3.3% per year).

Export Prices By Country

The average export price for woven fabrics of artificial staple fibres stood at $6.4 per square meter in 2022, rising by 9.1% against the previous year. In general, the export price, however, showed a pronounced descent. Over the period under review, the average export prices attained the maximum at $9.8 per square meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($14 per square meter), while Spain ($2.8 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-0.6%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform