Overview of the Market for Artificial And Synthetic Fiber in the USA
In value terms, artificial and synthetic fiber production shrank to $ in 2019. In general, production recorded a deep downturn. The pace of growth appeared the most rapid in 2014 with a decrease of -% against the previous year. Artificial and synthetic fiber production peaked at $ in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.
The revenue of the artificial and synthetic fiber market in the U.S. expanded rapidly to $ in 2019, increasing 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, however, recorded a slight decrease. Artificial and synthetic fiber consumption peaked at $ in 2014; however, from 2015 to 2019, consumption remained at a lower figure.