Global trade of acrylic synthetic staple fibres to rise

11 Aug '20

2 min read

Pic: Shutterstock

The global export of synthetic staple fibres, not carded, combed or otherwise processed for spinning of acrylic or modacrylic decreased 20.48 per cent from $593.28 million in 2017 to $471.78 million in 2019. Total exports fell 21.67 per cent in 2019 over previous year and is expected to rise to $572.15 million in 2022 with a rate of 21.28 per cent from 2019.

The global import value of synthetic staple fibres of acrylic or modacrylic was $1,026.00 million in 2017, which slipped 26.37 per cent to $755.42 million in 2019. Total imports decreased 32.08 per cent in 2019 over the previous year and is expected to rise to $933.59 million in 2022 with a rate of 23.59 per cent from 2019, according to Fibre2Fashion's market analysis tool TexPro..

Japan ($218.54 million), Thailand ($90.72 million), India ($34.62 million) and South Korea ($31.60 million) were the key exporters of synthetic staple fibres of acrylic or modacrylic across the globe in 2019, together comprising 79.59 per cent of total export. These were followed by China ($27.90 million), Portugal ($26.95 million) and UK ($9.45 million).

From 2016 to 2019, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by China (39.62 per cent).

China ($201.10 million), Spain ($83.63 million), US ($74.60 million) and India ($56.97 million) were the key importers of synthetic staple fibres of acrylic or modacrylic across the globe in 2019, together comprising 55.11 per cent of total import. These were followed by Italy ($52.74 million), Turkey ($45.22 million) and Iran ($43.59 million).

From 2016 to 2019, the most notable rate of growth in terms of import value, amongst the main importing countries, was attained by Spain (84.25 per cent) and India (25 .35 per cent).

Fibre2Fashion News Desk (JL)

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