Home / Knowledge / News / Textiles / Global polyester yarn import continues to increase

Global polyester yarn import continues to increase

09
Nov '19
Pic: Shutterstock
Pic: Shutterstock
The global trade of polyester yarn has been growing with a high CAGR (compound annual growth rate) as both import and export of polyester yarn significantly underpinned it, according to data from TexPro. The global trade of polyester yarn was $14,129.63 million in 2016, which increased to $17,474.83 million in 2018 with a growth rate of 23.68 per cent.

The total trade gained by 11.60 per cent in 2018 over the previous year. It is anticipated to reach $21,361.87 million in 2021 with a CAGR of 6.92 per cent from 2018, according to Fibre2Fashion's market analysis tool TexPro.

The global import of polyester yarn import was $7,072.56 million in 2016, which grew to $8,241.46 million in 2018 with a growth rate of 16.53 per cent. Overall polyester yarn import surged by 6.45 per cent in 2018 over the previous year, and is anticipated to reach $9,591.42 million in 2021 with a CAGR of 5.19 per cent from 2018.

In terms of volume, the global import of polyester yarn was 3,711.36 thousand tonnes in 2016, which rose to 4,025.35 thousand tonnes in 2018 with a growth rate of 8.46 per cent. The overall import of polyester yarn increased by 2.58 per cent in 2018 over the import of polyester yarn in 2017. It is expected to stand at 4,587.17 thousand tonnes in 2021 with a CAGR of 4.45 per cent from 2018.

In 2018, China (2,298.82 thousand tonnes), India (710.99 thousand tonnes), Taiwan (270.18 thousand tonnes), South Korea (253.83 thousand tonnes) and Malaysia (207.72 thousand tonnes) were the key importers of polyester yarn across the globe, together comprising 92.94 per cent of total imports. These were followed by Indonesia (178.69 thousand tonnes), Thailand (159.50 thousand tonnes) and the US (62.95 thousand tonnes).

From 2013 to 2018, the most notable rate of growth in terms of import, amongst the main importing countries, was attained by China (75.69 per cent), India (18.00 per cent) and South Korea (16.92 per cent).

In value terms, China ($3,165.50 million), India ($1,434.17 million), Taiwan ($1,394.19 million), South Korea ($1,098.40 million), Indonesia ($625.95 million) and Thailand ($522.96 million) were the key importers of polyester yarn across the globe in 2018, together comprising 85.31 per cent of total import. 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 import, amongst the main importing countries, was attained by China (52.73 per cent), Thailand (10.13 per cent) and India (5.44 per cent).

Fibre2Fashion News Desk (RKS)


Interviews View All

Sanjay Desai & Ashish Mulani, True Colors

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Nitin Bhatia, Trend Arrest

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli, Epson, For.Tex & F.lli Robustelli

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Verena Ruckh,

Verena Ruckh

Brückner Trockentechnik develops, manufactures and supplies textile...

Laksheeta Govil,

Laksheeta Govil

Founded in 2014, Fizzy Goblet is a Delhi / NCR based handcrafted leather...

Luca Formentini,

Luca Formentini

From the very beginning, Loris Bellini's aim was to produce dyeing...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

Leave your Comments


November 2019

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

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search