We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
United Kingdom - Yarn Of Synthetic Or Artificial Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

United Kingdom - Yarn Of Synthetic Or Artificial Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing
Oct 10, 2023

Average Price of Synthetic Yarn in UK Decreases by 2%, Hitting $8,289 per Ton

United Kingdom Synthetic Yarn Import Price in June 2023

In June 2023, the synthetic yarn price stood at $8,289 per ton (CIF, United Kingdom), waning by -1.5% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 an increase of 26% against the previous month. As a result, import price reached the peak level of $9,524 per ton. From September 2022 to June 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($33,483 per ton), while the price for Indonesia ($2,686 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Spain (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

United Kingdom Synthetic Yarn Import Prices By Country (USD Per Ton)
COUNTRYImport Price of Synthetic Yarn in United Kingdom (USD per ton)
Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023
Germany25,26024,39723,24317,82816,93319,15231,10523,52620,49831,16131,22135,53233,483
India17,8889,73915,25411,1557,7454,4684,1917,0213,9524,6405,5924,4868,921
Turkey7,4777,1667,4757,9947,0547,5037,6457,8267,4287,8867,7537,5427,298
Spain3,77810,2938,7036,3995,3345,9377,9073,9025,8896,3944,8505,7236,686
Belgium8,1865,3145,4365,8236,0765,3296,4894,9355,1747,5234,4254,1425,825
China5,3345,6318,5047,2795,2137,78210,6507,34011,0168,2075,9757,2945,044
Indonesia3,1813,2313,8272,7863,2783,0142,5243,5143,9173,3052,5812,4632,686
Average7,8117,5549,5247,5477,2188,0978,0608,7058,5268,9387,3468,4198,289

United Kingdom Synthetic Yarn Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In June 2023, the product with the highest price was yarn (not sewing thread), of man-made staple fibres, put up for retail sale ($8,648 per ton), while the price for yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale ($5,556 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale (+0.7%), while the prices for the other products experienced mixed trend patterns.

United Kingdom Synthetic Yarn Imports

In June 2023, overseas purchases of yarn of synthetic or artificial staple fibers decreased by -17.9% to 920 tons for the first time since December 2022, thus ending a five-month rising trend. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in September 2022 with an increase of 51% month-to-month.

In value terms, synthetic yarn imports reduced remarkably to $7.6M (IndexBox estimates) in June 2023. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in November 2022 with an increase of 41% m-o-m. As a result, imports reached the peak of $9.5M. From December 2022 to June 2023, the growth of imports remained at a somewhat lower figure.

United Kingdom Synthetic Yarn Imports by Type

Yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale (542 tons), yarn (not sewing thread), of man-made staple fibres, put up for retail sale (313 tons) and yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale (65 tons) were the main products of synthetic yarn imports to the UK.

From June 2022 to June 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by yarn (not sewing thread), of man-made staple fibres, put up for retail sale (with a CAGR of +2.9%), while imports for the other products experienced a decline.

In value terms, the most traded types of yarn of synthetic or artificial staple fibers in the UK were yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale ($4.6M), yarn (not sewing thread), of man-made staple fibres, put up for retail sale ($2.7M) and yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale ($360K).

United Kingdom Synthetic Yarn Imports by Country

In June 2023, Turkey (530 tons) constituted the largest synthetic yarn supplier to the UK, accounting for a 58% share of total imports. Moreover, synthetic yarn imports from Turkey exceeded the figures recorded by the second-largest supplier, Indonesia (96 tons), sixfold. The third position in this ranking was taken by China (87 tons), with a 9.4% share.

From June 2022 to June 2023, the average monthly growth rate of volume from Turkey stood at +2.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: Indonesia (-6.5% per month) and China (+2.0% per month).

In value terms, Turkey ($3.9M) constituted the largest supplier of synthetic yarn to the UK, comprising 51% of total imports. The second position in the ranking was taken by Germany ($1.5M), with a 19% share of total imports. It was followed by China, with a 5.7% share.

From June 2022 to June 2023, the average monthly rate of growth in terms of value from Turkey stood at +2.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (+4.6% per month) and China (+1.6% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the synthetic yarn market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 13108210 - Yarn (other than sewing thread) containing . .85 % by weight of synthetic staple fibres, n.p.r.s.
  • Prodcom 13108250 - Yarn (other than sewing thread) containing . .85 % by weight of synthetic staple fibres, p.r.s.
  • Prodcom 13108320 - Yarn containing < .85 % by weight of polyester staple fibres (other than sewing thread), mixed with artificial fibres, n.p.r.s.
  • Prodcom 13108340 - Yarn containing < .85 % by weight of synthetic staple fibres (other than sewing thread), mixed with cotton, n.p.r.s.
  • Prodcom 13108380 - Other yarns, containing < .85 % by weight of synthetic staple fibres (other than sewing thread), n.p.r.s., n.e.c.
  • Prodcom 13108390 - Yarn containing < .85 % by weight of synthetic staple fibres (other than sewing thread), p.r.s.
  • Prodcom 131083Z0 - Yarn of synthetic staple fibres mixed with wool, n.p.r.s
  • Prodcom 13108410 - Yarn (other than sewing thread) of artificial staple fibres, n .p.r.s.
  • Prodcom 13108430 - Yarn (other than sewing thread) of artificial staple fibres, p.r.s.

Country coverage:

  • United Kingdom

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the UK
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

Recommended posts

Free Data: Yarn Of Synthetic Or Artificial Staple Fibers - United Kingdom
Table
Yarn Of Synthetic Or Artificial Staple Fibers - United Kingdom - Table
Dashboard
Yarn Of Synthetic Or Artificial Staple Fibers - United Kingdom - Dashboard
Report
Yarn Of Synthetic Or Artificial Staple Fibers - United Kingdom - Report