U.S.: Spun Yarn Market 2021

Spun Yarn Market Size in the U.S.

In 2019, the U.S. spun yarn market decreased by -X% to $X for the first time since 2016, thus ending a two-year rising trend. In general, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level at $X in 2011; however, from 2012 to 2019, consumption stood at a somewhat lower figure.

Spun Yarn Exports

Exports from the U.S.

In 2019, the amount of yarn spun from silk waste exported from the U.S. soared to X tons, growing by X% compared with the previous year's figure. Overall, exports, however, continue to indicate a mild setback. The growth pace was the most rapid in 2015 when exports increased by X% y-o-y. As a result, exports attained the peak of X tons. From 2016 to 2019, the growth exports failed to regain the momentum.

In value terms, spun yarn exports skyrocketed to $X in 2019. In general, exports, however, continue to indicate a mild reduction. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, exports attained the peak of $X. From 2016 to 2019, the growth exports failed to regain the momentum.

Exports by Country

India (X kg) was the main destination for spun yarn exports from the U.S., accounting for a X% share of total exports. Moreover, spun yarn exports to India exceeded the volume sent to the second major destination, Finland (X kg), twofold. Canada (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to India totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+X% per year) and Canada (-X% per year).

In value terms, Finland ($X), Italy ($X) and India ($X) appeared to be the largest markets for spun yarn exported from the U.S. worldwide, with a combined X% share of total exports. These countries were followed by Canada, the Netherlands, Austria and France, which together accounted for a further X Netherlands (+X% per year) saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average spun yarn export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. As a result, export price reached the peak level of $X per ton. From 2018 to 2019, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Italy ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Austria, while the prices for the other major destinations experienced mixed trend patterns.

Spun Yarn Imports

Imports into the U.S.

In 2019, overseas purchases of yarn spun from silk waste decreased by -X% to X tons for the first time since 2016, thus ending a two-year rising trend. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at X tons in 2011; however, from 2012 to 2019, imports remained at a lower figure.

In value terms, spun yarn imports reduced notably to $X in 2019. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X% year-to-year. Imports peaked at $X in 2011; however, from 2012 to 2019, imports remained at a lower figure.

Imports by Country

India (X tons), China (X tons) and Italy (X tons) were the main suppliers of spun yarn imports to the U.S., together comprising X% of total imports. France, the UK and Thailand lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spun yarn suppliers to the U.S. were India ($X), Italy ($X) and China ($X), with a combined X% share of total imports. Thailand, France and the UK lagged somewhat behind, together accounting for a further X (+X% per year) recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spun yarn import price stood at $X per ton in 2019, dropping by -X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Thailand ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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