Global export of polyester yarn to jump 9.42% in 2022

18 May '20

2 min read

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The global trade of polyester yarn, multiple (folded) or cabled has reported a dramatic fall in the year 2019. The total trade decreased 3.13 per cent from $714.09 million in 2017 to $691.77 million in 2019, according to data from TexPro. The total trade of polyester yarn has declined 7.15 per cent in 2019 compared to the previous year.

The trade is further anticipated to drop to $671.12 million in 2022 with a rate of 2.99 per cent from 2019, according to Fibre2Fashion's market analysis tool TexPro.

The global export of polyester yarn was $358.85 million in 2017, which increased 6.18 per cent to $381.04 million in 2019. Total exports fell 2.01 per cent in 2019 over the previous year and is expected to rise to $416.93 million in 2022 with a rate of 9.42 per cent from 2019.

The global import value of polyester yarn was $355.24 million in 2017, which reduced 12.53 per cent to $310.72 million in 2019. Total imports decreased 12.77 per cent in 2019 over the previous year and is expected to drop to $254.18 million in 2022 with a rate of 18.20 per cent from 2019.

India ($143.61 million) and China ($127.60 million) were the key exporters of polyester yarn across the globe in 2019, together comprising 71.17 per cent of total export. These were followed by Turkey ($13.59 million), Germany ($12.13 million) and Japan ($11.42 million).

From 2016 to 2019, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by India (65.50 per cent) and China (30.85 per cent).

Turkey ($55.45 million), US ($21.57 million), UK ($19.41 million) and Belgium ($17.85 million) were the key importers of polyester yarn across the globe in 2019, together comprising 36.78 per cent of total import. These were followed by China ($17.58 million), Romania ($17.42 million) and Germany ($13.76 million).

From 2016 to 2019, the most notable rate of growth in terms of import value, amongst the main importing countries, was attained by UK (320.52 per cent) and Belgium (172.78 per cent).

Fibre2Fashion News Desk (JL)

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