Viscose Filament Yarn Prices

Viscose Filament Yarn Prices June 2023

The price of viscose filament yarn in India reached 5454 USD/MT in the second quarter of 2023. This development was essentially driven by falling raw material prices, with wood pulp particularly, and weak demand from the clothing and home furnishings segments. Moreover, the textile industry worked with a surplus capacity of more than 30%, bringing it a situation of production cuts to manage the excess inventory. Even though the Consumer Price Index went up, showing inflation, the demand for textile products was still falling, locally and in the key export markets.

Viscose Filament Yarn Price Trend, Market Analysis, and News

IMARC's latest publication, “Viscose Filament Yarn Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the viscose filament yarn market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of viscose filament yarn at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed viscose filament yarn price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting viscose filament yarn pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Viscose Filament Yarn Market Analysis

The global viscose filament yarn market size reached US$ 2 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 3.2 Billion, at a projected CAGR of 5.40% during 2023-2032.

One of the crucial factors of viscose filament yarn (VFY) market growth across the world is the strong demand in the textile industry for high-quality and sustainable materials. For instance, revenue of the Indian viscose spun yarn (VSY) industry is set to grow 10%-12% to an all-time high of more than $2.5 billion in 2023-2024 on account of continuing strong demand, according to Crisil Ratings. In addition to this, the rising demand for green fibers in the apparel and home furnishing sectors acts as a significant growth-driving factor. Moreover, the growth of the automotive and medical sectors is rapid, and these sectors make the use of VFY extensively, therefore, significantly influencing the market growth. For instance, according to government data, there are 750–800 domestic medical device manufacturers in India, with an average investment of $2.3–2.7 million and an average turnover of $6.2-6.9 million. The Indian auto component industry has witnessed a growth of 65% during the first half of 2021-22, as exports and imports grow by 76% and 71%, respectively. The aftermarket sector has also witnessed a growth of 25%. Besides this, customer interest in natural and biodegradable materials is driving the market growth. Along with this, substantial technological advances in fiber manufacture and processing are propelling the market growth. Moreover, VFY has been used more extensively in premium fashion design and high-end textiles, which is driving the market growth. The trend towards personalization and customization in textile products is also contributing to the viscose filament yarn market share. The emerging applications of VFY in the textile industry, particularly in the making of blended fabrics with natural fibers, are catalyzing the demand for VFY across the world. Furthermore, the growth of online trading and advertising to widen product availability pose as a key growth stimulus. In addition to this, creative packaging and display of textile products play a major role in market expansion.

Viscose Filament Yarn News

The report covers the latest developments, updates, and trends impacting the price of viscose filament yarn, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the viscose filament yarn price trend.

Latest developments in the Viscose Filament Yarn Market:

• In 2024, Aditya Birla Group set to disrupt Paint industry with 40% addition to Industry Capacity Birla Opus targets Rs 10,000 Cr revenue within 3 years.
• In 2022, Swedish recycling firm, Renewcell, successfully used 100% Circulose dissolving pulp in industrial-scale viscose filament yarn manufacturing in partnership with Yibin Hiest Fiber Limited Corporation, a leading Chinese viscose filament yarn maker.

Product Description

Viscose filament yarn (VFY), usually made from cellulose, is a kind of rayon famous for its silk-like appearance. VFY is well known for its flowing handle, shiny luster, and good drapability, hence it is the preferred fabric in the fashion industry for creating opulent garments. It has very high moisture absorbance, which adds to its comfort when worn and is mostly used as lightweight and breathable clothing material. Furthermore, VFY is very dyeable, enabling to obtain brilliant shades with a luster. Being flexible in nature, it is used in the making of flowing soft dresses, linings, and home textiles, such as drapes and upholstery, thus satisfying both its aesthetic look and functional properties.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the viscose filament yarn price trend.

Global Viscose Filament Yarn Price

The report offers a holistic view of the global viscose filament yarn pricing trends in the form of viscose filament yarn price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of viscose filament yarn, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed viscose filament yarn demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Viscose Filament Yarn Price

In Europe, the viscose filament yarn (VFY) market has been characterized by unstable prices resulting from a number of factors. A significant decrease in demand from the downstream apparel and home furnishings sectors was observed, largely attributed to the impact of the recession and high inflation, which affected the purchasing power of consumers. Although, the inflation rates reduced, they remained high enough to affect consumer confidence and spending. The reduced demand resulted into lower margins to the manufacturers and thoughts of production cuts as the manufacturing activity started to lower. In general, the market sentiment was very dull, and prices were volatile due to these economic and industry related challenges.

This analysis can be extended to include detailed viscose filament yarn price information for a comprehensive list of countries.

North America Viscose Filament Yarn Price

The North American viscose filament yarn (VFY) market was characterized by mixed trends but with fluctuating consumer taste and economic parameters. At the beginning, VFY prices rose slightly but they subsequently worsened due to poor demand from home textiles and clothing segments. Although there was enough supply and even average inventory levels, consumer purchases were discouraged by the increasing inflation, which led to a further negative impact on the market. This economic environment, where a steady supply chain resulted in no upsurge of production as demand was low, caused a drop in manufacturing activities across the region. As a result, traders and distributors adapted by reducing their mark-ups to the prevailing market conditions.

Specific viscose filament yarn historical data within the United States and Canada can also be provided.

Middle East and Africa Viscose Filament Yarn Price

The report explores the viscose filament yarn pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on viscose filament yarn prices for countries can also be provided.

Asia Pacific Viscose Filament Yarn Price

The Asia-Pacific region has been problematic for viscose filament yarn (VFY) market with prices remaining depressed. The reduction in raw materials costs, wood pulp for instance, has a negative impact on production costs. Moreover, demand from major downstream sectors, such as apparel and home furnishings, has been weak. The textile industry of the region is faced with more than 30% excess capacity, especially in the capital-intensive areas like spinning and weaving ,which is creating a lower production to manage the advancing inventories. At the same time, increasing inflation has resulted in reduced demand for textile products locally and abroad in major export markets such as the US and Europe.

This viscose filament yarn price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Viscose Filament Yarn Price

The analysis of viscose filament yarn prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of viscose filament yarn pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting viscose filament yarn price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The viscose filament yarn price charts ensure our clients remain at the forefront of the industry.