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Rapid Growth Of Global Synthetic Fiber Exports
According to foreign reports, the global export of synthetic fiber in 2019 will increase from US $594 million in 2017 to US $6.88 trillion in 2019, an increase of 15.78%. The total export volume in 2019 will increase by 6.60% compared with the previous year, and it is expected to increase to $8571.5 million in 2022, an increase of 24.59% over that in 2019.
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In 2017, the global import of synthetic fiber was US $700 million, and in 2019, it jumped to US $76474 million, with an increase of 9.14%. In 2019, the global total import of synthetic fiber will decrease by 2.14% compared with that of the previous year, and it is expected to reach $872.1 million in 2022, an increase of 14.03% over that in 2019.
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The total exports of Japan (US $50.516 billion), Taiwan (US $50.516 billion), and China (US $50.516 billion) accounted for the total exports of China (US $50.516 billion), mainly from China (US $50.516 billion). This was followed by Thailand (US $41.72 million), the United States (US $32.27 million) and Austria (US $24.82 million). From 2016 to 2019, South Korea (116.15%), Taiwan (31.89%) and China (12.76%) had the most significant growth rate in export volume.
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In 2019, China (US $261.58 million), Italy (US $56.9 million) and Germany (US $50.46 million) are the major global importers of synthetic fibers, accounting for 48.24% of the total imports. This was followed by the United Kingdom (US $48.16 million), Brazil (US $41.79 million) and the United States (US $35.65 million). From 2016 to 2019, Italy (63.61%), China (56.21%) and Germany (19.52%) had the most significant growth in import volume.
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