Northern America: Synthetic Yarn Market 2024

Synthetic Yarn Market Size in Northern America

The North American synthetic yarn market dropped to $X in 2022, waning by X% against the previous year. Over the period under review, consumption showed a perceptible slump. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Synthetic Yarn Production in Northern America

In value terms, synthetic yarn production declined modestly to $X in 2022 estimated in export price. In general, production recorded a mild downturn. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Synthetic Yarn Exports

Exports in Northern America

In 2022, approx. X tons of yarn of synthetic or artificial staple fibers were exported in Northern America; growing by X% against the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, synthetic yarn exports soared to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States dominates exports structure, recording X tons, which was approx. X% of total exports in 2022. Canada (X tons) took a relatively small share of total exports.

The United States was also the fastest-growing in terms of the yarn of synthetic or artificial staple fibers exports, with a CAGR of X% from 2012 to 2022. At the same time, Canada (X%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest synthetic yarn supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

In the United States, synthetic yarn exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, picking up by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Synthetic Yarn Imports

Imports in Northern America

In 2022, imports of yarn of synthetic or artificial staple fibers in Northern America contracted sharply to X tons, with a decrease of X% against the previous year's figure. Overall, imports recorded a pronounced contraction. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, synthetic yarn imports totaled $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States represented the key importer of yarn of synthetic or artificial staple fibers in Northern America, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by Canada (X tons), committing a X% share of total imports.

The United States was also the fastest-growing in terms of the yarn of synthetic or artificial staple fibers imports, with a CAGR of X% from 2012 to 2022. Canada (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported yarn of synthetic or artificial staple fibers in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States was relatively modest.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform

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