synthetic staple fibres on rise

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The global export of synthetic staple fibres, not carded, combed, or otherwise processed for spinning of polyvinyl chloride rose 15.78 per cent from $594.21 million in 2017 to $688.00 million in 2019. In 2019, overall exports increased by 6.60% over the previous year and are projected to grow to $857.15 million in 2022 at a rate of 24.59% from 2019.

In 2017 , the global import value of polyvinyl chloride synthetic staple fibers was $700.67 million, which jumped 9.14 per cent in 2019 to $764.74 million. Total imports dropped 2.14% in 2019 over the previous year and are projected to blown up to $872.01 million in 2022 at a rate of 14.03% from 2019.

Japan ($140.07 million), China ($126.13 million), South Korea ($111.59 million), Taiwan ($97.67 million) and Germany ($50.51 million) were significant exporters of acrylic or modacrylic synthetic staple fibers worldwide in 2019, accounting for 76.45% of total exports. Thailand ($41.72 million), US ($32.27 million) and Austria ($24.82 million) followed on from these.

From 2016 to 2019, South Korea (116.15%), Taiwan (31.89%), and China (12.76%) achieved the most significant rate of growth in terms of export value among the major exporting countries.

China ($261.58 million), Italy ($56.90 million) and Germany ($50.46 million) were major importers of acrylic or modacrylic synthetic staple fibers worldwide in 2019 , representing 48.24% of total imports together. U.K. ($48.16 million), Brazil ($41.79 million) and US ($35.65 million) followed on from these.

From 2016 to 2019, Italy (63.61%), China (56.21%) and Germany (19.52%) achieved the most significant rate of growth in terms of import value among the major importing countries.