Sharp rise in artificial yarn exports from China

The global trade of artificial yarn has been growing with a high CAGR since 2013 except for the drop in 2015, according to data from TexPro. In terms of value, the global artificial yarn export was $493.90 million in 2016 and reached $588.39 million in 2018 with a growth rate of 19.23 per cent, according to Fibre2Fashion's market analysis tool TexPro.

The total artificial yarn export moved up by 11.92 per cent in 2018 over the previous year, and is anticipated to reach $765.09 million in 2021 with a CAGR of 9.15 per cent from 2018.