Overview of the Market for Artificial And Synthetic Fiber in the USA
In value terms, artificial and synthetic fiber production dropped to $ in 2019. Over the period under review, production showed a abrupt decline. The growth pace was the most rapid in 2014 when the production volume decreased by -% y-o-y. Artificial and synthetic fiber production peaked at $ in 2013; however, from 2014 to 2019, production failed to regain the momentum.
The value of the artificial and synthetic fiber market in the U.S. dropped to $ in 2019, which is down 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 saw a abrupt contraction. The growth pace was the most rapid in 2018 when the market value increased by % against the previous year. Over the period under review, the market reached the maximum level at $ in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.