Overview of the Market for Artificial And Synthetic Fiber in the USA
In value terms, artificial and synthetic fiber production dropped modestly to $ in . Overall, production recorded a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of % y-o-y. Artificial and synthetic fiber production peaked at $ in 2013; however, from 2014 to , production remained at a lower figure.
The revenue of the artificial and synthetic fiber market in the U.S. contracted sharply to $ in , 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). In general, consumption showed a deep setback. The growth pace was the most rapid in 2019 when the market value increased by % against the previous year. Over the period under review, the market hit record highs at $ in 2014; however, from 2015 to , consumption failed to regain the momentum.