India exports polyester, viscose, and other types of fibers, polyester yarns, spun filaments, rope, blankets, bed linen, fishing nets, motifs, and furnishing articles. During the year 2021-22, India reached US$ 6.77 billion worth of exports, which was an increase of 45.83% over 2020-21.
During 2021-22, Polyester Filament Yarn (US$ 1.34 billion) was the top exported product in India's MMF textile exports, followed by Bulk Containers (US$ 999.58 million).
Largely, the demand for Polyester Filament Yarn (PFY) is expected to grow 15-20% in fiscal 2022. Additionally, the demand for Polyester Staple Fibre (PSF) is estimated at 14-19%. The global end-use demand for textile fibers is projected to increase by 2.80% per annum between 2015 and 2025, from 90.10 million tons to 119.20 million tons. The global end-use market for MMFs is expected to expand by 3.7% in 2025.
The demand for MMFs will be further boosted by factors like evolving consumer trends, including growing focus on fitness and hygiene, rising brand consciousness, rapidly changing fashion trends, and increasing women's participation in the workforce. These trends will bode positively for the Indian synthetic and rayon textiles industry.