Sharp rise in artificial yarn exports from China

27 Oct '19

2 min read

Pic: Shutterstock

The global trade of artificial yarn has been growing with a high CAGR since 2013 except for the drop in 2015, according to data from TexPro. In terms of value, the global artificial yarn export was $493.90 million in 2016 and reached $588.39 million in 2018 with a growth rate of 19.23 per cent, according to Fibre2Fashion's market analysis tool TexPro.

The total artificial yarn export moved up by 11.92 per cent in 2018 over the previous year, and is anticipated to reach $765.09 million in 2021 with a CAGR of 9.15 per cent from 2018.

In terms of volume, the global artificial yarn export was 223.85 million tonnes in 2016, which increased by 7.20 per cent to 239.97 tonnes in 2018. The overall artificial yarn export rose by 4.14 per cent year-on-year in 2018, and is expected to reach 266.36 million tonnes in 2021, growing at a CAGR of 3.54 per cent from 2018.

In 2018, China (121.91 million tonnes), Indonesia (33.02 million tonnes), Czech Republic (12.05 million tonnes) and Austria (11.16 million tonnes) were the key exporters of artificial yarn, together accounting for 74.23 per cent of total trade. These were followed by Poland (9.36 million tonnes) and Italy (8.76 million tonnes).

From 2013 to 2018, the most notable rate of growth in terms of export, amongst the main exporting countries, was attained by China (90.29 per cent) and Indonesia (37.03 per cent).

In value terms, China ($485.85 million) and Indonesia ($83.55 million) were the key exporters of artificial yarn across the globe in 2018, together comprising 96.77 per cent of total export. These were distantly followed by Italy ($3.27 million), Spain ($1.57 million), and Turkey ($1.12 million).

From 2013 to 2018, the most notable rate of growth in terms of export, amongst the main exporting countries, was attained by China (48.38 per cent) and Indonesia (25.42 per cent).

Fibre2Fashion News Desk (RKS)

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