Northern America: Synthetic Yarn Market 2024

Synthetic Yarn Market Size in Northern America

The North American synthetic yarn market reached $X in 2023, surging by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Synthetic Yarn Production in Northern America

In value terms, synthetic yarn production expanded slightly to $X in 2023 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2023, production growth failed to regain momentum.

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

Synthetic Yarn Exports

Exports in Northern America

In 2023, overseas shipments of yarn of synthetic or artificial staple fibers decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X%. The volume of export peaked at X tons in 2022, and then fell markedly in the following year.

In value terms, synthetic yarn exports declined remarkably to $X in 2023. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then shrank dramatically in the following year.

Exports by Country

The United States dominates exports structure, reaching X tons, which was approx. X% of total exports in 2023. Canada (X tons) followed a long way behind the leaders.

The United States experienced a relatively flat trend pattern with regard to volume of exports of yarn of synthetic or artificial staple fibers. Canada experienced a relatively flat trend pattern. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest synthetic yarn supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in the United States was relatively modest.

Export Prices by Country

In 2023, the export price in Northern America amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then declined slightly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Synthetic Yarn Imports

Imports in Northern America

In 2023, the amount of yarn of synthetic or artificial staple fibers imported in Northern America dropped to X tons, waning by X% against the previous year. In general, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, synthetic yarn imports declined to $X in 2023. Over the period under review, imports recorded a slight contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2023, imports remained at a lower figure.

Imports by Country

The United States was the largest importer of yarn of synthetic or artificial staple fibers in Northern America, with the volume of imports recording X tons, which was approx. X% of total imports in 2023. It was distantly followed by Canada (X tons), creating a X% share of total imports.

The United States was also the fastest-growing in terms of the yarn of synthetic or artificial staple fibers imports, with a CAGR of X% from 2012 to 2023. Canada (X%) illustrated a downward trend over the same period. The United States (X p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the United States ($X) constitutes the largest market for imported yarn of synthetic or artificial staple fibers in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

In the United States, synthetic yarn imports plunged by an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2023, standing approx. at the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform