Global trade of high tenacity polyester yarn declines
15 May 20 2 min read
The global trade of high tenacity polyester yarn, whether or not textured have shown a dramatic decline in 2019. Total trade decreased 1.88 per cent to $3,274.67 million in 2019 from $3,337.47 million in 2017, according to the data from TexPro. The total trade of high tenacity polyester yarn has declined 16.86 per cent in 2019 over the previous year.
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Further the trade is anticipated to drop to $3,182.95 million in 2022 with a rate of 2.80 per cent from 2019, according to Fibre2Fashion's market analysis tool TexPro.
The global export of high tenacity polyester yarn was $1,626.57 million in 2017, which slightly declined 1.21 per cent to $1,606.97 million in 2019. Total exports fell 16.04 per cent in 2019 over the previous year and is expected to drop to $1,578.00 million in 2022 with a rate of 1.80 per cent from 2019.
The global import value of high tenacity polyester yarn was $1,710.90 million in 2017, which reduced 2.52 per cent to $1,667.70 million in 2019. Total imports decreased 17.63 per cent in 2019 over the previous year and is expected to shrink to $1,604.95 million in 2022 with a rate of 3.76 per cent from 2019.
China ($745.90 million), South Korea ($171.98 million), Germany ($123.07 million), Taiwan ($96.74 million) were the key exporters of high tenacity polyesters across the globe in 2019, together comprising 70.80 per cent of total export. These were followed by the Spain ($56.75 million), the Netherlands ($47.06 million) and the US ($46.67 million).
From 2016 to 2019, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by Taiwan (14.44 per cent) and China (13.82 per cent).
US ($261.29 million), Italy ($111.88 million) and Germany ($76.21 million) were the key importers of high tenacity polyesters across the globe in 2019, together comprising 26.95 per cent of total import. These were followed by India ($75.02 million), South Korea ($67.62 million) and France ($64.26 million).
From 2016 to 2019, the most notable rate of growth in terms of import value, amongst the main importing countries, was attained by US (16.79 per cent) and Germany (1.95 per cent).
Fibre2Fashion News Desk (JL)
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