Poland: Synthetic Yarn Market 2024

Synthetic Yarn Market Size in Poland

In 2022, the Polish synthetic yarn market increased by X% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Synthetic yarn consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Synthetic Yarn Production in Poland

In value terms, synthetic yarn production reached $X in 2022 estimated in export price. Overall, production, however, showed a abrupt decline. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Synthetic yarn production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Synthetic Yarn Exports

Exports from Poland

In 2022, the amount of yarn of synthetic or artificial staple fibers exported from Poland contracted to X tons, which is down by X% on 2021. In general, exports saw a pronounced decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, synthetic yarn exports rose notably to $X in 2022. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2016 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

Germany (X tons), Italy (X tons) and the Czech Republic (X tons) were the main destinations of synthetic yarn exports from Poland, with a combined X% share of total exports. Romania, Russia, Slovakia, Belarus, Belgium, Lithuania, Ukraine, France, Bulgaria and Denmark lagged somewhat behind, together comprising 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 more modest paces of growth.

In value terms, the largest markets for synthetic yarn exported from Poland were Italy ($X), Germany ($X) and Russia ($X), with a combined X% share of total exports. Belarus, the Czech Republic, Romania, Lithuania, Belgium, Ukraine, France, Denmark, Bulgaria and Slovakia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Bulgaria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average synthetic yarn export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Slovakia ($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 Poland

In 2022, the amount of yarn of synthetic or artificial staple fibers imported into Poland shrank to X tons, which is down by X% against the year before. Over the period under review, imports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 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 reduced modestly to $X in 2022. Overall, imports saw a mild slump. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs 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 Poland, with a combined X% share of total imports. China, Romania, Germany, Italy, Austria and Bulgaria lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for China (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 Poland were Turkey ($X), Germany ($X) and Indonesia ($X), together comprising X% of total imports. India, Romania, China, Italy, Austria and Bulgaria lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, China, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price 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, synthetic yarn import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

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 Germany ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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