Elastomeric filament yarn market
Elastomeric Filament Yarn - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | United States |
| 2 | China |
| 3 | Japan |
| 4 | France |
| 5 | Germany |
In value terms, the largest elastomeric filament yarn markets worldwide were the United States, China and Japan, together accounting for 43% of the global market. These countries were followed by France, Germany, Italy, India, Brazil, Mexico, South Korea, Turkey, Indonesia and the UK, which together accounted for a further 34%.
Among the main consuming countries, Italy recorded the highest rates of growth with regard to market size, over the period under review, while elastomeric filament yarn market for the other global leaders experienced more modest paces of growth.
Elastomeric Filament Yarn Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Vietnam | 8185 | 5116 | 4455 | -26.2% |
| China | 5253 | 5221 | 4694 | -5.5% |
| Turkey | 6182 | 5915 | 5737 | -3.7% |
| South Korea | 6492 | 6248 | 6260 | -1.8% |
| Brazil | 6249 | 5943 | 6303 | 0.4% |
| Hong Kong SAR | 8859 | 8489 | 7381 | -8.7% |
| Germany | 7854 | 7469 | 7763 | -0.6% |
| United States | 4513 | 5785 | 7977 | 32.9% |
| Singapore | 9835 | 9404 | 9466 | -1.9% |
| Netherlands | 9142 | 9264 | 9569 | 2.3% |
| Japan | 11858 | 12313 | 11355 | -2.1% |
| Average | 6928 | 6236 | 5626 | -9.9% |
There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Japan ($11,355 per ton), while Vietnam ($4,455 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Italy | 9090 | 8645 | 8876 | -1.2% |
| Pakistan | 7581 | 6142 | 6300 | -8.8% |
| China | 7386 | 7265 | 5959 | -10.2% |
| India | 6009 | 5493 | 5900 | -0.9% |
| Indonesia | 6164 | 5799 | 5615 | -4.6% |
| Bangladesh | 6915 | 5472 | 5013 | -14.9% |
| Colombia | 6283 | 5403 | 5000 | -10.8% |
| Vietnam | 6128 | 5878 | 4954 | -10.1% |
| South Korea | 5320 | 5170 | 4872 | -4.3% |
| Turkey | 5749 | 5149 | 4747 | -9.1% |
| Brazil | 7196 | 5451 | 4535 | -20.6% |
| United States | 7050 | 6901 | 3001 | -34.8% |
| El Salvador | 2724 | 2689 | 2742 | 0.3% |
| Average | 6585 | 6091 | 5666 | -7.2% |
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Italy ($8,876 per ton), while El Salvador ($2,742 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by El Salvador, while the other global leaders experienced a decline in the import price figures.
Elastomeric Filament Yarn - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| China | 0.2 | 0.2 | 0.2 | -4.9% |
| Turkey | 0.1 | 0.2 | 0.1 | -7.4% |
| Italy | 0.09 | 0.09 | 0.08 | -9.1% |
| Bangladesh | 0.08 | 0.08 | 0.07 | -2.9% |
| Indonesia | 0.08 | 0.07 | 0.06 | -13.4% |
In value terms, the largest elastomeric filament yarn importing markets worldwide were China ($173M), Turkey ($128M) and Italy ($77M), together comprising 32% of global imports. Bangladesh, Indonesia, India, Vietnam, South Korea, Pakistan, Brazil, the United States, Colombia and El Salvador lagged somewhat behind, together accounting for a further 35%.
In terms of the main importing countries, Brazil saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced mixed trends in the imports figures.
Elastomeric Filament Yarn - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| China | 0.4 | 0.3 | 0.3 | -3.7% |
| Vietnam | 0.4 | 0.3 | 0.3 | -12.0% |
| Singapore | 0.2 | 0.2 | 0.1 | -9.9% |
| South Korea | 0.2 | 0.2 | 0.1 | -14.0% |
| Netherlands | 0.06 | 0.07 | 0.05 | -5.0% |
In value terms, the largest elastomeric filament yarn supplying countries worldwide were China ($326M), Vietnam ($288M) and Singapore ($133M), with a combined 62% share of global exports. These countries were followed by South Korea, the Netherlands, Japan, the United States, Hong Kong SAR, Turkey, Germany and Brazil, which together accounted for a further 33%.
Turkey recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.
Elastomeric Filament Yarn - Market Forecast
Driven by increasing demand for elastomeric filament yarn worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Elastomeric Filament Yarn - Product Coverage
- HS 540244 - Yarn, synthetic; filament, monofilament (less than 67 decitex), other than high tenacity or textured yarn, elastomeric, single, untwisted or twisted 50 turns or less per metre, not for retail sale, not sewing thread
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