Synthetic Yarn Market Overview in Viet Nam
In value terms, synthetic yarn production expanded slightly to $ in estimated in export prices. Over the period under review, production posted a prominent increase. The growth pace was the most rapid in 2009 when the production volume increased by % against the previous year. Synthetic yarn production peaked at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.
The value of the synthetic yarn market in Viet Nam expanded markedly to $ in , rising 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). Over the period under review, consumption saw a prominent increase. The most prominent rate of growth was recorded in 2009 with an increase of % against the previous year. Synthetic yarn consumption peaked at $ in 2018; however, from 2019 to , consumption failed to regain the momentum.