Italy: Synthetic Yarn Market 2024

Synthetic Yarn Market Size in Italy

In 2022, the Italian synthetic yarn market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption saw a pronounced downturn. Synthetic yarn consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Synthetic Yarn Production in Italy

In value terms, synthetic yarn production soared to $X in 2022 estimated in export price. Overall, production recorded a slight setback. Synthetic yarn production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Synthetic Yarn Exports

Exports from Italy

In 2022, approx. X tons of yarn of synthetic or artificial staple fibers were exported from Italy; declining by X% compared with 2021 figures. In general, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, synthetic yarn exports stood at $X in 2022. Over the period under review, exports recorded a pronounced decrease. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons), Germany (X tons) and Romania (X tons) were the main destinations of synthetic yarn exports from Italy, together comprising X% of total exports. France, Portugal, Turkey, Austria, Serbia, Tunisia, Croatia, Bulgaria, Greece and Belgium lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for synthetic yarn exported from Italy were Germany ($X), Spain ($X) and France ($X), with a combined X% share of total exports. Turkey, Romania, Austria, Portugal, Croatia, Bulgaria, Serbia, Belgium, Tunisia and Greece lagged somewhat behind, together comprising a further X%.

Serbia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average synthetic yarn export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 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 near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Romania ($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 Bulgaria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Yarn Imports

Imports into Italy

Synthetic yarn imports into Italy contracted slightly to X tons in 2022, reducing by X% against 2021 figures. In general, imports recorded a slight decrease. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, synthetic yarn imports expanded remarkably to $X in 2022. Overall, imports saw a slight decrease. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Turkey (X tons), Indonesia (X tons) and India (X tons) were the main suppliers of synthetic yarn imports to Italy, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

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

Import Prices by Country

The average synthetic yarn import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Tunisia ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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