Southern Asia: Synthetic Yarn Market 2025

Synthetic Yarn Market Size in Southern Asia

The South Asian synthetic yarn market reduced slightly to $X in 2022, which is down by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Synthetic Yarn Production in Southern Asia

In value terms, synthetic yarn production fell modestly to $X in 2022 estimated in export price. Overall, production recorded a pronounced downturn. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Synthetic Yarn Exports

Exports in Southern Asia

In 2022, synthetic yarn exports in Southern Asia reduced to X tons, with a decrease of X% on 2021. In general, exports, however, recorded 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 tons, and then declined in the following year.

In value terms, synthetic yarn exports fell to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

In 2022, India (X tons) represented the key exporter of yarn of synthetic or artificial staple fibers, achieving X% of total exports. It was distantly followed by Nepal (X tons), creating a X% share of total exports. Pakistan (X tons) held a relatively small share of total exports.

India experienced a relatively flat trend pattern with regard to volume of exports of yarn of synthetic or artificial staple fibers. Nepal experienced a relatively flat trend pattern. Pakistan (X%) illustrated a downward trend over the same period. India (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest synthetic yarn supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Nepal ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Nepal (X% per year) and Pakistan (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia 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 pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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 Pakistan ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the other leaders experienced mixed trends in the export price figures.

Synthetic Yarn Imports

Imports in Southern Asia

Synthetic yarn imports dropped to X tons in 2022, which is down by X% compared with the year before. Total imports indicated a resilient expansion from 2012 to 2022: its volume 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 pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, synthetic yarn imports reduced to $X in 2022. Total imports indicated resilient growth 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 most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Bangladesh (X tons) and India (X tons) dominates imports structure, together achieving X% of total imports. Pakistan (X tons) and Sri Lanka (X tons) followed a long way behind the leaders.

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

In value terms, Bangladesh ($X), India ($X) and Pakistan ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

India, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, leveling off at the previous year. Overall, the import price continues to indicate a slight curtailment. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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