India: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in India

The Indian man-made filament yarn market surged to $X in 2022, picking up by X% against the previous year. Overall, consumption posted a prominent increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Man-Made Filament Yarn Production in India

In value terms, man-made filament yarn production rose to $X in 2022 estimated in export price. Over the period under review, production posted a prominent expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Man-Made Filament Yarn Exports

Exports from India

In 2022, the amount of man-made filament yarn exported from India declined dramatically to X tons, with a decrease of X% on 2021. Overall, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked at X tons in 2021, and then shrank significantly in the following year.

In value terms, man-made filament yarn exports fell rapidly to $X in 2022. In general, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then dropped notably in the following year.

Exports by Country

Turkey (X tons) was the main destination for man-made filament yarn exports from India, with a X% share of total exports. Moreover, man-made filament yarn exports to Turkey exceeded the volume sent to the second major destination, Belgium (X tons), threefold. Australia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Australia (X% per year).

In value terms, Turkey ($X) remains the key foreign market for man-made filament yarn exports from India, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with an X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Turkey totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Australia (X% per year).

Export Prices by Country

The average man-made filament yarn export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a perceptible descent. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Jordan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Man-Made Filament Yarn Imports

Imports into India

Man-made filament yarn imports into India declined to X tons in 2022, remaining constant against the year before. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, leveling off in the following year.

In value terms, man-made filament yarn imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of man-made filament yarn to India, accounting for a X% share of total imports. Moreover, man-made filament yarn imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%.

In value terms, Japan ($X) and China ($X) constituted the largest man-made filament yarn suppliers to India.

In terms of the main suppliers, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the average man-made filament yarn import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, showed a pronounced slump. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :