The global trade of synthetic staple fibres, not carded, combed or otherwise processes for spinning of polyesters have shown a sharp decline in 2019. Total trade fell 1.18 per cent from 2017 to 2019, according to data from TexPro. The global trade of synthetic staple fibres of polyesters was $8,697.46 million in 2017, declined to $8,594.73 million in 2019.
The total trade of synthetic staple fibres of polyesters decreased 14.86 per cent in 2019 over the previous year and is anticipated to drop to $8,443.13 million in 2022 with a rate of 1.76 per cent from 2019.
The global export of synthetic staple fibres of polyesters was $4,260.65 million in 2017, which was slightly down 0.79 per cent to $4,226.82 million in 2019. Total exports slipped 15.17 per cent in 2019 over the previous year and is expected to decrease to $4,176.58 million in 2022 with a rate of 1.19 per cent from 2019.
The global import value of synthetic staple fibres of Polyesters was $4,436.82 million in 2017, which reduced 1.55 per cent to $4,367.91 million in 2019. Total imports decreased 14.56 per cent in 2019 over the previous year and is expected to decrease to $4,266.54 million in 2022 with a rate of 2.32 per cent from 2019.
From 2016 to 2019, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by Thailand (43.00 per cent) and India (39.19 per cent).
From 2016 to 2019, the most notable rate of growth in terms of import value, amongst the main importing countries, was attained by Turkey (14.44 per cent).
