Austria: Synthetic Yarn Market 2024

Synthetic Yarn Market Size in Austria

The Austrian synthetic yarn market shrank to $X in 2022, declining by X% against the previous year. Overall, consumption, however, enjoyed a resilient expansion. As a result, consumption attained the peak level of $X, and then fell in the following year.

Synthetic Yarn Production in Austria

In value terms, synthetic yarn production declined slightly to $X in 2022 estimated in export price. Overall, production recorded a deep setback. The growth pace was the most rapid in 2021 with an increase of X%. Synthetic yarn production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Synthetic Yarn Exports

Exports from Austria

In 2022, after nine years of decline, there was significant growth in shipments abroad of yarn of synthetic or artificial staple fibers, when their volume increased by X% to X tons. Over the period under review, exports, however, continue to indicate a dramatic downturn. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, synthetic yarn exports soared to $X in 2022. In general, exports, however, faced a abrupt shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons), Portugal (X tons) and Germany (X tons) were the main destinations of synthetic yarn exports from Austria, together accounting for X% of total exports. Greece, Italy, Bulgaria, the UK, Poland, France, Spain, the Netherlands and Brazil lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for synthetic yarn exported from Austria were the Czech Republic ($X), Germany ($X) and Portugal ($X), together accounting for X% of total exports. Italy, Greece, Bulgaria, Poland, France, the UK, Spain, the Netherlands and Brazil lagged somewhat behind, together comprising a further X%.

Bulgaria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average synthetic yarn export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price posted a prominent expansion. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Yarn Imports

Imports into Austria

In 2022, approx. X tons of yarn of synthetic or artificial staple fibers were imported into Austria; flattening at the previous year. In general, imports saw a noticeable expansion. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, synthetic yarn imports stood at $X in 2022. Overall, total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

Turkey (X tons), Croatia (X tons) and Germany (X tons) were the main suppliers of synthetic yarn imports to Austria, with a combined X% share of total imports. Spain, Italy, Belgium, France, the Czech Republic and Indonesia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic yarn suppliers to Austria were Turkey ($X), Italy ($X) and Spain ($X), with a combined X% share of total imports.

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average synthetic yarn import price amounted to $X per ton, remaining stable against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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