India: Synthetic Yarn Market 2025

Synthetic Yarn Market Size in India

The Indian synthetic yarn market stood at $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, continues to indicate a slight reduction. Synthetic yarn consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Synthetic Yarn Production in India

In value terms, synthetic yarn production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Synthetic yarn production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Synthetic Yarn Exports

Exports from India

In 2022, approx. X tons of yarn of synthetic or artificial staple fibers were exported from India; shrinking by X% compared with 2021 figures. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then dropped rapidly in the following year.

In value terms, synthetic yarn exports fell to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined modestly in the following year.

Exports by Country

Turkey (X tons) was the main destination for synthetic yarn exports from India, with a X% share of total exports. Moreover, synthetic yarn exports to Turkey exceeded the volume sent to the second major destination, Brazil (X tons), threefold. Morocco (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Morocco (X% per year).

In value terms, Turkey ($X) remains the key foreign market for yarn of synthetic or artificial staple fibers exports from India, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with an X% share of total exports. It was followed by Bangladesh, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Turkey amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Bangladesh (X% per year).

Export Prices by Country

In 2022, the average synthetic yarn export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Kenya ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Yarn Imports

Imports into India

In 2022, purchases abroad of yarn of synthetic or artificial staple fibers increased by X% to X tons, rising for the sixth year in a row after two years of decline. Over the period under review, imports saw a remarkable increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, synthetic yarn imports expanded sharply to $X in 2022. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of synthetic yarn to India, accounting for a X% share of total imports. Moreover, synthetic yarn imports from China exceeded the figures recorded by the second-largest supplier, Nepal (X tons), threefold. Indonesia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Nepal (X% per year) and Indonesia (X% per year).

In value terms, China ($X) constituted the largest supplier of yarn of synthetic or artificial staple fibers to India, comprising X% of total imports. The second position in the ranking was held by Nepal ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Nepal (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the average synthetic yarn import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per ton) and Singapore ($X per ton), while the price for Vietnam ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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