The synthetic fiber industry is developing rapidly, but my country needs to rely on the import market

Synthetic fiber belongs to chemical fiber, which refers to the general name of chemical fiber made from polymer compounds. Compared with natural fibers, synthetic fibers are mostly made by artificial synthesis methods and have the advantages of high strength, corrosion resistance, good elasticity and low production cost.

Synthetic fibers are made of synthetic polymer compounds, and raw materials include coal, water, carbon dioxide, petroleum, limestone, etc. Our country has a vast territory and abundant coal resources. According to data from the National Bureau of Statistics, my country’s industrial raw coal output above designated size will reach 4.07 billion tons in 2021, a year-on-year increase of 4.7%. According to the “2022-2027 Synthetic Fiber Industry Market Status and Investment Prospects Forecast Report released by the Industrial Research Center, benefiting from raw materials With sufficient supply, my country’s synthetic fiber production capacity continues to expand and output continues to grow. According to data from the National Bureau of Statistics, from January to April 2022, my country’s cumulative output of synthetic fibers reached 20.214 million tons, a year-on-year increase of 2.5%.

In terms of the import and export market, my country’s synthetic fiber production is sufficient. Driven by technological progress, the demand for my country’s synthetic fibers in overseas markets continues to grow, driving its export scale to continue to expand. However, affected by factors such as raw material supply and price, my country’s synthetic fiber import volume is still greater than its export volume, and the industry trade deficit is large. According to statistics from the General Administration of Customs of China, my country’s exports of synthetic fiber monomers will reach 2.913 million tons in 2021, a year-on-year increase of 196.6%; imports will reach 8.849 million tons, a year-on-year decrease of 18.7%. Canada, Saudi Arabia, South Korea and other countries are my country’s main importers of synthetic fibers.

There are many types of synthetic fibers, including spandex, polyester, vinylon, nylon, acrylic, etc. Among them, polyester is the main product of synthetic fibers. As an important raw material for textiles, my country’s polyester production continues to increase. According to statistics from the China Chemical Fiber Industry Association, my country’s polyester production will reach 53.63 million tons in 2021, a year-on-year increase of 8.9%. Polyester, also known as polyester fiber, has the advantages of high strength, wear resistance, and resistance to deformation, and is widely used in my country’s textile market.

The apparel industry is the largest demander for synthetic fibers. my country has a large population base and numerous consumers. Driven by rapid economic development, consumer demand for clothing purchases continues to grow. According to data from the National Bureau of Statistics, my country’s total retail sales of clothing, shoes, hats, and knitted textiles above designated size will reach 1.3842 billion yuan in 2021, a year-on-year increase of 12.7%. As the prosperity of the clothing industry continues to improve, my country’s synthetic fiber market space will continue to expand.

Industry analysts said that synthetic fibers have the advantages of low production cost, high strength, high and low temperature resistance, and their application areas are constantly expanding. , the future market development potential is great. Benefiting from the sufficient supply of raw materials, my country’s synthetic fiber output continues to increase. Against the background of technological progress, my country’s synthetic fiber industry will develop rapidly. However, at present, my country’s synthetic fibers still need to rely on imports and lack competitive advantages in the international market.