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Global Fibers COVID-19 Impact

26 October 2020 Prem Chitkara

Global fiber demand is estimated to decline by almost 4% in 2020 due to the COVID-19 pandemic. There has been severe demand destruction in all but polypropylene fibers.

Which fiber's demand was heavily impacted by weaker sales of fibers into apparel, home textiles and automobiles?

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A new service by IHS Markit, the Annual Global Fibers Service, delivers comprehensive data and analysis for most of natural and man-made fibers in significant depth.

The service covers polyester, nylon, acrylic, cotton, viscose/acetate, polypropylene, wool and silk fibers. This service includes country supply and demand data for these fibers at a single place, including a 5-year history and 10-year long term outlook. The service also covers fiber prices to providing inter-fiber competition and its possible impact on supply and demand.

How this new service helps you:

  • Understand long term price trends by fiber
  • Find which demand centers will be most strategically important for new product sales
  • Discover new suppliers and buying at competitive prices
  • Grasp the fibers market developments required for decisions about fiber industry investments
  • Realize the best time to launch a new technology

Posted 26 October 2020 by Prem Chitkara, Director, Polyester and Nylon Fibers, IHS Markit


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