Quarterly Update on Global Viscose Staple Fiber (VSF) Market
For the Quarter Ending December 2020
Following a sturdy rebound in the textile sector due to the pickup in demand due to the festive season in Q4, offtakes of various textile materials like Viscose Staple Fiber (VSF) witnessed a significant climb in the regional market. India’s National Committee of Textile and Clothing have been urging the government to remove anti-dumping duty on VSF as the high prices of these fibers from domestic manufacturers is interfering with the profit intakes of downstream workers like garners and weavers. The move is likely to impact the commodity pricing in India in the near term. In addition, anti-China movement in the U.S. has triggered a sudden shift in the outsourcing of textiles which were previously being imported from China to India.
Supply of Viscose Staple Fiber (VSF) from overseas picked up with respect to the previous quarters owing to a rebound observed in the retail sale of textiles after the ease on stringent COVID-related restrictions. Furthermore, increased demand for home textile products following the shift to work from home has caused a prominent increment in consumption for various textile products. Suppliers were heard catering imports from more than two Asian countries to avoid from the risk related to any product shortage amidst the pandemic uncertainties. By the December end, sentiments were raised after the US government along with several private officials signed a MoU to assist Asia Pacific garment workers severely hit by the dented supply chains due to Covid-led trade disruptions.
Recovery in the European Viscose Staple Fiber (VSF) market was severely hit by a sudden buzz created by the new trace of coronavirus found in UK. Partial lockdown implied in several parts of Europe, majorly UK has caused a force measure in various garments stores causing the slowdown in the sales of garments in the later half of the quarter. Furthermore, the Brexit agreement signed between European Union and UK has also concerned several suppliers over their export margins in the coming years. Traders anticipate that this deal, aiming to support UK as an independent trade identity could bottleneck the investment opportunities and supply chain in the near-term.
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ChemAnalyst gathers information through primary research surveys conducted with various Viscose Staple Fibers manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.
Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Viscose Staple Fibers market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.
Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.
Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Viscose Staple Fibers market.
Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.
Finally, region-specific markets for Viscose Staple Fibers are analyzed and region-wise demand pattern is tracked.
Viscose Staple Fiber (VSF) is a man-made, bio-degradable fiber emerging as a sustainable alternative to cotton. Viscose is mainly derived from cellulose-dissolving pulp such as wood, cotton, bamboo and others. Cellulose is primarily sourced from plantations like hardwood forests. The cellulose derived is further used for producing Viscose Staple Fibers (VSF) or Viscose Filament Yarns (VFY). About 80-85% of the total viscose fiber production is produced as staple fibers and the rest is used as filaments. For VSF production, Lyocell process technology is preferred over other technologies like modal due to reduced amounts of toxins released in air. In this, the pulp is reacted with an organic solvent rather than sodium hydroxide solution or carbon disulphide that are used in earlier processes. VSF is mainly utilized in apparels, dress materials, knit wears, home textiles and non-woven applications.