Global development of spun and filament yarns

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Line of filament yarn equipment

Filament growth rates have been faster for most of the almost four decades shown in the next chart than the world fiber market movement. Their long-term growth rate amounts to 5.6%, although the expansion in the most recent three years was at slowest pace in modern textile industry. The deceleration was related to economic uncertainty, …

Polyester fiber intermediates 2005-2022

Synthetic fibers account for more than 60 percent of the world fiber market, and their ongoing growth is supported by comparatively low crude oil prices in recent years despite increasing geopolitical risks in key oil-producing regions. Superior fiber properties and growing awareness on plastic waste currently lead to an unprecedented size of new raw material …

Filament production

Most of the top-10 exporting countries lifted their shipments in value terms in 2018 (Figure 1). The recovery of Chinese exports continued with the total value increasing 4 percent to US $277 billion. However, value-added garment ex­ports remain about 15 percent below their peak 2014 level, without any significant movement over the past three years. Knitwear and woven apparel exports remain among the top-10 Chinese export categories, albeit gradually losing weight as the Chinese economy continues to diversify.

manmade fiber production

The world economy started off on an optimistic note in 2018, following growth in manufacturing and trade the previous year. But optimism gave way to a downturn from midyear, as the International Monetary Fund revised down its 2018 projections for most advanced economies and predicted significantly lower growth expectations for 2019.