Synthetic Yarn Market Overview in the United Kingdom
In value terms, synthetic yarn production dropped to $ in estimated in export prices. Overall, production, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2010 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2007; however, from 2008 to , production remained at a lower figure.
The revenue of the synthetic yarn market in the UK declined to $ in , falling 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 continues to indicate a pronounced descent. The growth pace was the most rapid in 2010 when the market value increased by % against the previous year. Over the period under review, the market attained the peak level at $ in 2011; however, from 2012 to , consumption failed to regain the momentum.