According to Fibre2Fashion's market analysis tool TexPro, the global trade of synthetic staple fibers, not carded, combed or otherwise processes for spinning of aramids is anticipated to rise to $1,843.30 million in 2022 with a rate of 63.65 per cent from 2019.
The global export of synthetic staple fibers of Aramids was $391.19 million in 2017, which grew 31.56 per cent to $514.67 million in 2019. Total exports reduced 9.64 per cent in 2019 over the previous year and is expected to move up to $776.67 million in 2022 with a rate of 50.91 per cent from 2019.
The global import value of synthetic staple fibers of Aramids was $422.25 million in 2017, which increased 44.87 per cent to $611.71 million in 2019. Total imports decreased 3.73 per cent in 2019 over the previous year and is expected to rise to $1,066.63 million in 2022 with a rate of 74.37 per cent from 2019.
Belgium, US, Germany and China were the key exporters of synthetic staple fibers of Aramids across the globe in 2019, together comprising 55.88 per cent of total export. These were followed by Slovakia, Turkey and Italy.
