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Global polyester yarn exports rising since 2017

05
Oct '19
Pic: Shutterstock
Pic: Shutterstock
The global polyester yarn trade has been rising since 2017. According to data from TexPro, the value of global polyester yarn export was $7.916 billion in 2017, which increased to $9.233 billion in 2018 with a growth rate of 16.63 per cent. Growing at CAGR of 8.4 per cent from 2018, polyester yarn export is anticipated to reach $11.770 billion in 2021.

In terms of volume, the global polyester yarn export was 4,499.89 thousand tonnes in 2017 and rose by 3.72 per cent to 4,667.37 thousand tonnes in 2018. It is expected to stand at 5,505.50 thousand tonnes in 2021 with a CAGR of 5.66 per cent from 2018, according to Fibre2Fashion's market analysis tool TexPro.

In 2018, China (2,298.82 thousand tonnes), India (710.99 thousand tonnes), Taiwan (270.18 thousand tonnes), South Korea (253.83 thousand tonnes), Malaysia (207.72 thousand tonnes), Indonesia (178.69 thousand tonnes) and Thailand (159.50 thousand tonnes) were the key exporters of polyester yarn across the globe, together comprising 87.40 per cent of total exports. They were followed by the US (165.31 thousand tonnes), Italy (94.23 thousand tonnes), and Spain (90.96 thousand tonnes).

From 2013 to 2018, the most notable rate of growth in terms of volume of export, amongst the main exporting countries, was attained by China (75.69 per cent), India (18.00 per cent) and South Korea (16.91 per cent).

In value terms, China ($6.562 billion), India ($2.234 billion), Taiwan ($1.587 billion), South Korea ($958.34 million), Indonesia ($396.75 million) and Thailand ($288.64 million) were the key exporters of polyester yarn across the globe in 2018, together comprising 76.15 per cent of total export. These were followed by Malaysia ($292.61 million), US ($247.26 million), Italy ($239.70 million) and Spain ($171.05 million).

From 2013 to 2018, the most notable rate of growth in terms of value of export, amongst the main exporting countries, was attained by China (52.73 per cent) and Thailand (10.13 per cent).

Fibre2Fashion News Desk (RKS)


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