Nylon staple fibre exports grew by 65% in 2016-18

18 Nov '19

3 min read

Pic: Shutterstock

After the decline from 2013 to 2015, the global exports of nylon staple fibre have been growing with a high CAGR (compound annual growth rate), according to data from TexPro. In terms of value, the global trade of nylon staple fibre was $72.94 million in 2016, which increased to $120.91 million in 2018 with a growth rate of 65.75 per cent.

The total trade gained by 43.51 per cent in 2018 over the previous year. It is anticipated to reach $197.56 million in 2021 with a CAGR of 17.78 per cent from 2018, according to Fibre2Fashion's market analysis tool TexPro.

The global export of nylon staple fibre was $36.79 million in 2016 and reached to US$ 61.04 million in 2018 with a growth rate of 65.93 per cent. The overall export of nylon staple fibre moved up by 42.06 per cent in 2018 over the previous year. It is anticipated to reach $112.70 million in 2021 with a CAGR of 22.67 per cent from 2018.

In terms of volume, the global export of nylon staple fibre was 7.25 thousand tonnes in 2016, which grew at 13.77 per cent to 8.25 thousand tonnes in 2018. The overall export of nylon staple fibre rose by 10.41 per cent in 2018 over the export of nylon staple fibre in 2017. It is expected to arrive at 9.82 thousand tonnes in 2021 with a CAGR of 5.98 per cent from 2018.

In 2018, Italy (3,118.84 tonnes), Germany (2,464.43 tonnes), Spain (524.60 tonnes), UK (412.92 tonnes) and Taiwan (316.90 tonnes) were the key exporters of nylon staple fibre across the globe, together comprising 82.90 per cent of total exports. These were followed by China (307.32 tonnes), Belgium (247.65 tonnes), France (182.69 tonnes) and the US (175.72 tonnes).

From 2013 to 2018, the most notable rate of growth in terms of export, amongst the main exporting countries, was attained by the UK (1641.82 per cent), Spain (830.32 per cent) and Italy (64.05 per cent).

In value terms, Italy ($14.17 million), Germany ($12.96 million), US ($11.30 million), the Netherlands ($8.85 million), China ($2.75 million) and Japan ($2.05 million) were the key exporters of nylon staple fibres across the globe in 2018, together comprising 85.33 per cent of total export. These were followed by Taiwan ($1.92 million), France ($1.5 million), Belgium ($1.31 million) and South Korea ($1.00 million).

From 2013 to 2018, the most notable rate of growth in terms of export, amongst the main exporting countries, was attained by the US (1019.43 per cent), the Netherlands (375.47 per cent) and Italy (41.87 per cent).

Fibre2Fashion News Desk (RKS)

More Textiles News - Global...