Synthetic Yarn Market Overview in Italy
In value terms, synthetic yarn production reduced dramatically to $ in estimated in export prices. In general, production saw a abrupt descent. The most prominent rate of growth was recorded in 2011 when the production volume increased by % against the previous year. Synthetic yarn production peaked at $ in 2007; however, from 2008 to , production stood at a somewhat lower figure.
The revenue of the synthetic yarn market in Italy shrank rapidly to $ in , dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a abrupt curtailment. The pace of growth was the most pronounced in 2011 when the market value increased by % y-o-y. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to , consumption failed to regain the momentum.