Home / Knowledge / News / Textiles / Demand for Spandex to stabilise in 2009
Demand for Spandex to stabilise in 2009
17
Aug '09
Spandex is a flexible synthetic fiber, mainly used in production of clothing, home textiles and industrial textiles and has the ability to improve the functionality of the end user product.

Demand for spandex improved in the first half and prices of spandex products started to rise by the end of April 2009 with the main reason being a steep hike in global prices of spandex.

Since entering peak season in March, domestic spandex industry and downstream industries have increased operating rates and even in the low June, July and August seasons, current capacity utilization is still 92 percent.

After the previous round of rapid expansion in production capacity, spandex production capacity will almost cease expansion in the next two years. New spandex production is about 30,000 tons in 2009.

Of this, 8,000 tons are in South Korea and Vietnam, 7,000 tons are in Turkey and 12,000 tons is manufactured by Sichuan Youli Investment Holding Co. In the backdrop of relatively stable production, demand in spandex fibre is expected to increase.

The textile industry entered a downturn in 2008, but spandex demand still maintained growth, mainly due to escalation of domestic consumption and pursuit of high-quality fabric and per capita spandex consumption increased substantially.

The government has implemented a series of support policies to revitalize industries, lower export tax rebate, expand domestic demand since 2009 which will result in stability of domestic demand for spandex.

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Courtesy: IVL

Textiles | On 26th Jul 2017

IVL completes PTA capacity expansion in Europe

Indorama Ventures Public Company Ltd (IVL), a global chemical...

Textiles | On 26th Jul 2017

Vietnam’s textile & garment exports cross $13bn in H1

Vietnam earned $13.... billion from textile and garment exports in...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X