Poland: Synthetic Yarn Market 2024

Synthetic Yarn Market Size in Poland

In 2023, the Polish synthetic yarn market increased by X% to $X, rising for the third year in a row after three years of decline. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Synthetic yarn consumption peaked in 2023 and is expected to retain growth in years to come.

Synthetic Yarn Production in Poland

In value terms, synthetic yarn production declined modestly to $X in 2023 estimated in export price. Over the period under review, production saw a abrupt slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

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Synthetic Yarn Exports

Exports from Poland

Synthetic yarn exports from Poland fell to X tons in 2023, shrinking by X% on the previous year. In general, exports continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, synthetic yarn exports rose markedly to $X in 2023. Over the period under review, exports recorded a perceptible reduction. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Italy (X tons), Germany (X tons) and the Czech Republic (X tons) were the main destinations of synthetic yarn exports from Poland, with a combined X% share of total exports. Romania, Ukraine, Bulgaria, Belarus, France, Spain, Slovakia, Russia, Turkey and Lithuania lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and the Czech Republic ($X) were the largest markets for synthetic yarn exported from Poland worldwide, with a combined X% share of total exports. Belarus, Russia, Ukraine, Romania, France, Bulgaria, Turkey, Spain, Lithuania and Slovakia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Bulgaria, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average synthetic yarn export price stood at $X per ton in 2023, rising by X% against the previous year. Overall, the export price, however, saw a mild setback. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Yarn Imports

Imports into Poland

Synthetic yarn imports into Poland rose slightly to X tons in 2023, with an increase of X% compared with the year before. In general, imports, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, synthetic yarn imports rose to $X in 2023. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), China (X tons) and Indonesia (X tons) were the main suppliers of synthetic yarn imports to Poland, together comprising X% of total imports. India, Germany, Romania, the Netherlands and Austria lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic yarn suppliers to Poland were Germany ($X), Turkey ($X) and China ($X), together comprising X% of total imports. India, Romania, Indonesia, the Netherlands and Austria lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average synthetic yarn import price stood at $X per ton in 2023, declining by X% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, synthetic yarn import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform