Polyamide Carpet Filament Yarn (Excluding Sewing Thread) Prices in China
China Polyamide Carpet Filament Yarn (Excluding Sewing Thread) Export Price in September 2022
In September 2022, the polyamide carpet filament yarn (excluding sewing thread) price stood at $4,369 per ton (FOB, China), falling by -13.1% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 when the average export price increased by 9.6% m-o-m. The export price peaked at $5,030 per ton in August 2022, and then dropped in the following month.
There were significant differences in the average prices for the major foreign markets. In September 2022, the country with the highest price was Australia ($6,021 per ton), while the average price for exports to Djibouti ($2,063 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
China Polyamide Carpet Filament Yarn (Excluding Sewing Thread) Exports
In September 2022, overseas shipments of polyamide carpet filament yarn (excluding sewing thread) increased by 46% to 1.5K tons for the first time since June 2022, thus ending a two-month declining trend. Over the period under review, exports, however, saw a mild setback. Over the period under review, the exports of attained the maximum at 1.8K tons in June 2022; however, from July 2022 to September 2022, the exports failed to regain momentum.
In value terms, exports of polyamide carpet filament yarn (excluding sewing thread) surged to $6.7M (IndexBox estimates) in September 2022. Overall, exports, however, showed a mild shrinkage. The most prominent rate of growth was recorded in March 2022 with an increase of 27% month-to-month. The exports peaked at 7.8K tons in June 2022; however, from July 2022 to September 2022, the exports stood at a somewhat lower figure.
China Polyamide Carpet Filament Yarn (Excluding Sewing Thread) Exports by Country
Japan (425 tons), Thailand (243 tons) and Mexico (163 tons) were the main destinations of exports of polyamide carpet filament yarn (excluding sewing thread) from China, with a combined 54% share of total exports. Australia, Djibouti, Bangladesh, Indonesia, Vietnam, Brazil, Turkey, Portugal, Peru and South Korea lagged somewhat behind, together accounting for a further 36%.
From January 2022 to September 2022, the biggest increases were in Portugal (with a CAGR of +128.9%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for polyamide carpet filament yarn (excluding sewing thread) exported from China were Japan ($2.1M), Thailand ($1.2M) and Australia ($717K), with a combined 60% share of total exports. These countries were followed by Mexico, Bangladesh, Djibouti, Indonesia, Vietnam, Brazil, Peru, Portugal, Turkey and South Korea, which together accounted for a further 29%.
Among the main countries of destination, Portugal, with a CAGR of +64.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
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