Man-made Filament Fabric Market

The article delves into the anticipated trends in the global market for woven fabrics of man-made filaments and staple fibers from 2022 to 2030, with a focus on market performance, consumption patterns, production statistics, and import/export dynamics. Key projections include an estimated CAGR of +1.3% for market volume and +3.1% for market value by 2030. Analysis of consumption trends, production statistics, and import/export dynamics provide valuable insights into the evolving landscape of the global market for man-made filament fabrics.

Market Forecast

Driven by increasing demand for woven fabrics of man-made filaments and staple fibers worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.3% for the period from 2022 to 2030, which is projected to bring the market volume to 28B square meters by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market value to $229.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Woven Fabrics Of Man-Made Filaments And Staple Fibers

For the fourth consecutive year, the global market recorded growth in consumption of woven fabrics of man-made filaments and staple fibers, which increased by 7.2% to 25B square meters in 2022. The total consumption volume increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 8.2%. Over the period under review, global consumption hit record highs in 2022 and is likely to see steady growth in the near future.

The global man-made filament fabric market value expanded remarkably to $179.5B in 2022, rising by 10% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (4.6B square meters), the United States (3B square meters) and India (2B square meters), with a combined 39% share of global consumption. Turkey, Pakistan, Indonesia, Italy, Poland, Germany, the UK, Russia and Brazil lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +15.2%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest man-made filament fabric markets worldwide were China ($35.7B), the United States ($30.8B) and Turkey ($17.9B), together accounting for 47% of the global market. Pakistan, Indonesia, Germany, Italy, India, Poland, Brazil, Russia and the UK lagged somewhat behind, together accounting for a further 19%.

In terms of the main consuming countries, Poland, with a CAGR of +12.8%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of man-made filament fabric per capita consumption in 2022 were Turkey (22 square meters per person), Poland (15 square meters per person) and Italy (9.9 square meters per person).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Poland (with a CAGR of +15.4%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Woven Fabrics Of Man-Made Filaments And Staple Fibers

In 2022, after two years of decline, there was growth in production of woven fabrics of man-made filaments and staple fibers, when its volume increased by 0.2% to 22B square meters. The total output volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 7.7% against the previous year. As a result, production reached the peak volume of 22B square meters. From 2018 to 2022, global production growth remained at a lower figure.

In value terms, man-made filament fabric production dropped to $141.6B in 2022 estimated in export price. Over the period under review, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.7% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 14% against the previous year. Global production peaked at $195.2B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

China (8.7B square meters) remains the largest man-made filament fabric producing country worldwide, comprising approx. 40% of total volume. Moreover, man-made filament fabric production in China exceeded the figures recorded by the second-largest producer, India (2.1B square meters), fourfold. Turkey (1.9B square meters) ranked third in terms of total production with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at +4.8%. In the other countries, the average annual rates were as follows: India (+4.1% per year) and Turkey (-2.5% per year).

Imports

World Imports of Woven Fabrics Of Man-Made Filaments And Staple Fibers

In 2022, global man-made filament fabric imports expanded significantly to 12B square meters, surging by 11% against 2021 figures. Over the period under review, imports showed a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 45%. Over the period under review, global imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, man-made filament fabric imports rose significantly to $40.9B in 2022. The total import value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports By Country

In 2022, the United States (2B square meters), distantly followed by Italy (730M square meters), Germany (685M square meters) and Poland (612M square meters) represented the main importers of woven fabrics of man-made filaments and staple fibers, together achieving 34% of total imports. The following importers - Spain (492M square meters), the Netherlands (453M square meters), Russia (441M square meters), France (364M square meters), Vietnam (329M square meters), Myanmar (275M square meters), Romania (270M square meters), Brazil (253M square meters) and Greece (241M square meters) - together made up 26% of total imports.

Imports into the United States increased at an average annual rate of +26.1% from 2012 to 2022. At the same time, Greece (+38.7%), the Netherlands (+27.4%), Poland (+27.1%), Myanmar (+24.4%), Spain (+23.7%), Italy (+23.3%), Germany (+20.0%), Romania (+18.4%), France (+18.3%), Russia (+9.1%), Brazil (+5.2%) and Vietnam (+4.0%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing importer imported in the world, with a CAGR of +38.7% from 2012-2022. While the share of the United States (+12 p.p.), Italy (+4 p.p.), Poland (+3.8 p.p.), Germany (+3.2 p.p.), the Netherlands (+2.8 p.p.), Spain (+2.8 p.p.), Greece (+1.8 p.p.) and Myanmar (+1.6 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Vietnam (-2.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($3.8B) constitutes the largest market for imported woven fabrics of man-made filaments and staple fibers worldwide, comprising 9.4% of global imports. The second position in the ranking was taken by the United States ($1.3B), with a 3.2% share of global imports. It was followed by Myanmar, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam stood at +6.0%. In the other countries, the average annual rates were as follows: the United States (+0.8% per year) and Myanmar (+17.5% per year).

Imports By Type

Woven fabrics of synthetic filament yarn, including woven fabrics obtained from materials of heading no. 5404 prevails in imports structure, finishing at 8.4B square meters, which was approx. 70% of total imports in 2022. Woven fabrics of synthetic staple fibres, n.e.s. in chapter 55 (756M square meters) took the second position in the ranking, followed by woven fabrics of artificial staple fibres (697M square meters), woven fabrics of synthetic staple fibres, containing 85% or more by weight of synthetic staple fibres (665M square meters), woven fabrics of synthetic staple fibres, containing less than 85% by weight of such fibres, mixed mainly or solely with cotton, of a weight exceeding 170g/m2 (658M square meters) and woven fabrics of synthetic staple fibres, containing less than 85% by weight of such fibres, mixed mainly or solely with cotton, of a weight not exceeding 170g/m2 (643M square meters). All these products together took approx. 29% share of total imports.

Woven fabrics of synthetic filament yarn, including woven fabrics obtained from materials of heading no. 5404 was also the fastest-growing in terms of imports, with a CAGR of +12.6% from 2012 to 2022. At the same time, woven fabrics of artificial staple fibres (+10.2%), woven fabrics of synthetic staple fibres, containing less than 85% by weight of such fibres, mixed mainly or solely with cotton, of a weight exceeding 170g/m2 (+9.0%), woven fabrics of synthetic staple fibres, containing 85% or more by weight of synthetic staple fibres (+6.7%), woven fabrics of synthetic staple fibres, n.e.s. in chapter 55 (+4.8%) and woven fabrics of synthetic staple fibres, containing less than 85% by weight of such fibres, mixed mainly or solely with cotton, of a weight not exceeding 170g/m2 (+4.6%) displayed positive paces of growth. While the share of woven fabrics of synthetic filament yarn, including woven fabrics obtained from materials of heading no. 5404 (+12 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of woven fabrics of synthetic staple fibres, containing 85% or more by weight of synthetic staple fibres (-2.3 p.p.), woven fabrics of synthetic staple fibres, containing less than 85% by weight of such fibres, mixed mainly or solely with cotton, of a weight not exceeding 170g/m2 (-3.9 p.p.) and woven fabrics of synthetic staple fibres, n.e.s. in chapter 55 (-4.4 p.p.) displayed negative dynamics. The shares of the other products remained relatively stable throughout the analyzed period.

In value terms, woven fabrics of synthetic filament yarn, including woven fabrics obtained from materials of heading no. 5404 ($23.6B) constitutes the largest type of woven fabrics of man-made filaments and staple fibers imported worldwide, comprising 58% of global imports. The second position in the ranking was held by woven fabrics of synthetic staple fibres, n.e.s. in chapter 55 ($4.2B), with a 10% share of global imports. It was followed by woven fabrics of artificial staple fibres, with a 9.1% share.

For woven fabrics of synthetic filament yarn, including woven fabrics obtained from materials of heading no. 5404, imports increased at an average annual rate of +2.1% over the period from 2012-2022. With regard to the other imported products, the following average annual rates of growth were recorded: woven fabrics of synthetic staple fibres, n.e.s. in chapter 55 (+0.8% per year) and woven fabrics of artificial staple fibres (+4.6% per year).

Import Prices By Type

The average man-made filament fabric import price stood at $3.4 per square meter in 2022, falling by -5.1% against the previous year. In general, the import price continues to indicate a drastic downturn. The growth pace was the most rapid in 2014 an increase of 5.1%. As a result, import price attained the peak level of $8.3 per square meter. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by the product type; the product with the highest price was woven fabrics of artificial filament yarn including woven fabrics obtained from materials of heading no. 5404 ($11 per square meter), while the price for woven fabrics of synthetic filament yarn, including woven fabrics obtained from materials of heading no. 5404 ($2.8 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by woven fabrics of artificial filament yarn including woven fabrics obtained from materials of heading no. 5404 (-3.8%), while the other products experienced a decline in the import price figures.

Import Prices By Country

The average man-made filament fabric import price stood at $3.4 per square meter in 2022, declining by -5.1% against the previous year. Over the period under review, the import price recorded a abrupt setback. The pace of growth was the most pronounced in 2014 when the average import price increased by 5.1% against the previous year. As a result, import price reached the peak level of $8.3 per square meter. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($12 per square meter), while the United States ($0.6 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.0%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Woven Fabrics Of Man-Made Filaments And Staple Fibers

In 2022, after three years of growth, there was significant decline in shipments abroad of woven fabrics of man-made filaments and staple fibers, when their volume decreased by -5.1% to 8.8B square meters. Over the period under review, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 32%. The global exports peaked at 9.2B square meters in 2021, and then shrank in the following year.

In value terms, man-made filament fabric exports expanded sharply to $49.6B in 2022. The total export value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 26%. The global exports peaked in 2022 and are expected to retain growth in the near future.

Exports By Country

China was the main exporter of woven fabrics of man-made filaments and staple fibers in the world, with the volume of exports reaching 4.1B square meters, which was near 47% of total exports in 2022. It was distantly followed by Germany (537M square meters), Italy (467M square meters) and Spain (433M square meters), together creating a 16% share of total exports. The following exporters - the United States (276M square meters), France (266M square meters), the Czech Republic (261M square meters), Greece (236M square meters), the Netherlands (187M square meters), Belgium (187M square meters), Taiwan (Chinese) (185M square meters), Turkey (182M square meters) and South Korea (151M square meters) - together made up 22% of total exports.

From 2012 to 2022, average annual rates of growth with regard to man-made filament fabric exports from China stood at +5.4%. At the same time, Greece (+35.6%), the Netherlands (+26.3%), Spain (+24.7%), the Czech Republic (+23.7%), France (+22.0%), Italy (+19.1%), Germany (+17.2%), the United States (+11.7%), Belgium (+10.9%) and Turkey (+4.2%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing exporter exported in the world, with a CAGR of +35.6% from 2012-2022. By contrast, South Korea (-4.0%) and Taiwan (Chinese) (-4.5%) illustrated a downward trend over the same period. Spain (+3.9 p.p.), Germany (+3.8 p.p.), Italy (+3.6 p.p.), Greece (+2.5 p.p.), the Czech Republic (+2.3 p.p.), France (+2.2 p.p.) and the Netherlands (+1.7 p.p.) significantly strengthened its position in terms of the global exports, while South Korea, Taiwan (Chinese) and China saw its share reduced by -3.2%, -4.2% and -5.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($29.3B) remains the largest man-made filament fabric supplier worldwide, comprising 59% of global exports. The second position in the ranking was taken by Italy ($1.8B), with a 3.6% share of global exports. It was followed by South Korea, with a 3.2% share.

From 2012 to 2022, the average annual growth rate of value in China totaled +6.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+0.7% per year) and South Korea (-2.7% per year).

Exports By Type

Woven fabrics of synthetic filament yarn, including woven fabrics obtained from materials of heading no. 5404 dominates exports structure, reaching 6.1B square meters, which was near 70% of total exports in 2022. Woven fabrics of artificial staple fibres (718M square meters) ranks second in terms of the total exports with an 8.3% share, followed by woven fabrics of synthetic staple fibres, n.e.s. in chapter 55 (5.9%), woven fabrics of synthetic staple fibres, containing 85% or more by weight of synthetic staple fibres (5.7%) and woven fabrics of synthetic staple fibres, containing less than 85% by weight of such fibres, mixed mainly or solely with cotton, of a weight exceeding 170g/m2 (4.5%). Woven fabrics of synthetic staple fibres, containing less than 85% by weight of such fibres, mixed mainly or solely with cotton, of a weight not exceeding 170g/m2 (375M square meters) followed a long way behind the leaders.

Exports of woven fabrics of synthetic filament yarn, including woven fabrics obtained from materials of heading no. 5404 increased at an average annual rate of +7.4% from 2012 to 2022. At the same time, woven fabrics of artificial staple fibres (+9.6%), woven fabrics of synthetic staple fibres, containing 85% or more by weight of synthetic staple fibres (+5.5%), woven fabrics of synthetic staple fibres, containing less than 85% by weight of such fibres, mixed mainly or solely with cotton, of a weight exceeding 170g/m2 (+4.8%) and woven fabrics of synthetic staple fibres, n.e.s. in chapter 55 (+4.0%) displayed positive paces of growth. Moreover, woven fabrics of artificial staple fibres emerged as the fastest-growing type exported in the world, with a CAGR of +9.6% from 2012-2022. By contrast, woven fabrics of synthetic staple fibres, containing less than 85% by weight of such fibres, mixed mainly or solely with cotton, of a weight not exceeding 170g/m2 (-1.1%) illustrated a downward trend over the same period. Woven fabrics of synthetic filament yarn, including woven fabrics obtained from materials of heading no. 5404 (+6.1 p.p.) and woven fabrics of artificial staple fibres (+2.1 p.p.) significantly strengthened its position in terms of the global exports, while woven fabrics of synthetic staple fibres, n.e.s. in chapter 55 and woven fabrics of synthetic staple fibres, containing less than 85% by weight of such fibres, mixed mainly or solely with cotton, of a weight not exceeding 170g/m2 saw its share reduced by -1.5% and -4.7% from 2012 to 2022, respectively. The shares of the other products remained relatively stable throughout the analyzed period.

In value terms, woven fabrics of synthetic filament yarn, including woven fabrics obtained from materials of heading no. 5404 ($32.2B) remains the largest type of woven fabrics of man-made filaments and staple fibers supplied worldwide, comprising 65% of global exports. The second position in the ranking was taken by woven fabrics of artificial staple fibres ($4.6B), with a 9.3% share of global exports. It was followed by woven fabrics of synthetic staple fibres, n.e.s. in chapter 55, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of the value of woven fabrics of synthetic filament yarn, including woven fabrics obtained from materials of heading no. 5404 exports stood at +3.3%. With regard to the other exported products, the following average annual rates of growth were recorded: woven fabrics of artificial staple fibres (+5.1% per year) and woven fabrics of synthetic staple fibres, n.e.s. in chapter 55 (+1.1% per year).

Export Prices By Type

In 2022, the average man-made filament fabric export price amounted to $5.7 per square meter, growing by 17% against the previous year. Over the period under review, the export price, however, showed a pronounced decline. The pace of growth was the most pronounced in 2018 an increase of 26% against the previous year. As a result, the export price attained the peak level of $9 per square meter. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exported products. In 2022, the product with the highest price was woven fabrics of artificial filament yarn including woven fabrics obtained from materials of heading no. 5404 ($16 per square meter), while the average price for exports of woven fabrics of synthetic staple fibres, containing less than 85% by weight of such fibres, mixed mainly or solely with cotton, of a weight exceeding 170g/m2 ($4.7 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by woven fabrics of artificial filament yarn including woven fabrics obtained from materials of heading no. 5404 (-0.8%), while the other products experienced a decline in the export price figures.

Export Prices By Country

In 2022, the average man-made filament fabric export price amounted to $5.7 per square meter, jumping by 17% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2018 when the average export price increased by 26%. As a result, the export price attained the peak level of $9 per square meter. From 2019 to 2022, the average export prices failed to regain momentum.

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 South Korea ($10 per square meter), while Greece ($0.8 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform