U.S.: Market for Artificial And Synthetic Fibers And Filaments 2025

Market Size for Artificial And Synthetic Fibers And Filaments in the U.S.

In 2022, the U.S. artificial and synthetic fiber market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate a noticeable descent. Artificial and synthetic fiber consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Artificial And Synthetic Fibers And Filaments in the U.S.

In value terms, artificial and synthetic fiber production expanded modestly to $X in 2022. In general, production, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Artificial and synthetic fiber production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Artificial And Synthetic Fibers And Filaments

Exports from the U.S.

In 2022, after two years of growth, there was significant decline in overseas shipments of artificial and synthetic fibers and filaments, when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, artificial and synthetic fiber exports expanded notably to $X in 2022. Overall, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons), Canada (X tons) and the Netherlands (X tons) were the main destinations of artificial and synthetic fiber exports from the United States, with a combined X% share of total exports. China, Indonesia, South Korea, El Salvador, the United Arab Emirates, Poland, Italy, Belgium, Japan and India lagged somewhat behind, together accounting for a further X%.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for artificial and synthetic fiber exported from the United States were Mexico ($X), Canada ($X) and the Netherlands ($X), with a combined X% share of total exports. China, South Korea, Indonesia, Belgium, Japan, El Salvador, the United Arab Emirates, Poland, India and Italy lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 artificial and synthetic fiber export price amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, recorded a noticeable downturn. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Artificial And Synthetic Fibers And Filaments

Imports into the U.S.

In 2022, supplies from abroad of artificial and synthetic fibers and filaments increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% from 2013 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, artificial and synthetic fiber imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2013 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. 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 attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), South Korea (X tons) and Vietnam (X tons) were the main suppliers of artificial and synthetic fiber imports to the United States, together accounting for X% of total imports.

From 2013 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest artificial and synthetic fiber suppliers to the United States were South Korea ($X), China ($X) and Germany ($X), together comprising X% of total imports. Japan, Vietnam, India, Turkey, Thailand, Indonesia, Mexico, Canada and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average artificial and synthetic fiber import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, showed a mild shrinkage. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Japan ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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