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U.S. - Yarn Of Synthetic Or Artificial Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

U.S. - Yarn Of Synthetic Or Artificial Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights

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Aug 1, 2023

May 2023 Sees Sharp Increase in U.S. Synthetic Yarn Export to $46M

U.S. Synthetic Yarn Exports

In May 2023, the amount of yarn of synthetic or artificial staple fibers exported from the United States skyrocketed to 15K tons, jumping by 29% against the previous month. Overall, exports, however, recorded a noticeable decline. The most prominent rate of growth was recorded in January 2023 with an increase of 36% m-o-m.

In value terms, synthetic yarn exports skyrocketed to $46M (IndexBox estimates) in May 2023. In general, exports, however, saw a noticeable curtailment. The growth pace was the most rapid in January 2023 with an increase of 31% against the previous month.

COUNTRYExport Value of Synthetic Yarn in U.S. (million USD)
May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023
Honduras45.849.349.350.650.144.240.827.726.431.343.528.134.1
El Salvador9.69.86.85.04.81.93.70.58.27.26.22.55.0
Canada2.82.82.63.53.23.73.72.83.43.03.12.42.3
Mexico2.12.23.22.22.01.82.00.51.81.21.21.21.6
Dominican Republic1.31.31.61.71.50.70.80.52.21.72.21.21.2
Others4.04.61.42.21.31.81.61.82.52.42.02.21.7
Total65.570.164.965.262.954.152.733.844.546.758.237.745.9

Exports by Country

Honduras (12K tons) was the main destination for synthetic yarn exports from the United States, with a 80% share of total exports. Moreover, synthetic yarn exports to Honduras exceeded the volume sent to the second major destination, El Salvador (1.5K tons), eightfold. Mexico (442 tons) ranked third in terms of total exports with a 3% share.

From May 2022 to May 2023, the average monthly growth rate of volume to Honduras stood at -1.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: El Salvador (-5.0% per month) and Mexico (-1.2% per month).

In value terms, Honduras ($34M) remains the key foreign market for synthetic yarn exports from the United States, comprising 74% of total exports. The second position in the ranking was held by El Salvador ($5M), with an 11% share of total exports. It was followed by Canada, with a 5% share.

From May 2022 to May 2023, the average monthly rate of growth in terms of value to Honduras amounted to -2.4%. Exports to the other major destinations recorded the following average monthly rates of exports growth: El Salvador (-5.3% per month) and Canada (-1.5% per month).

Exports by Type

Yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale (14K tons) was the largest type of synthetic yarn exported from the United States, accounting for a 98% share of total exports. It was followed by yarn (not sewing thread), of man-made staple fibres, put up for retail sale (140 tons), with a 1% share of total exports.

From May 2022 to May 2023, the average monthly growth rate of the volume of export of yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale amounted to -2.2%. With regard to the other exported products, the following average monthly rates of growth were recorded: yarn (not sewing thread), of man-made staple fibres, put up for retail sale (-2.0% per month) and yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale (-2.8% per month).

In value terms, yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale ($44M) remains the largest type of synthetic yarn exported from the United States, comprising 96% of total exports. The second position in the ranking was held by yarn (not sewing thread), of man-made staple fibres, put up for retail sale ($1.4M), with a 3.1% share of total exports.

From May 2022 to May 2023, the average monthly rate of growth in terms of the export volume of yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale stood at -3.0%. With regard to the other exported products, the following average monthly rates of growth were recorded: yarn (not sewing thread), of man-made staple fibres, put up for retail sale (-1.6% per month) and yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale (-2.8% per month).

Export Prices by Country

In May 2023, the synthetic yarn price stood at $3,134 per ton (FOB, US), which is down by -5.4% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 an increase of 6.9% against the previous month. Over the period under review, the average export prices hit record highs at $3,744 per ton in August 2022; however, from September 2022 to May 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Canada ($8,679 per ton), while the average price for exports to Honduras ($2,918 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.6%), while the prices for the other major destinations experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the synthetic yarn market in the U.S.. 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 States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • 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

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