China: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in China

The Chinese high-tenacity filament polyester yarn market declined sharply to $X in 2021, with a decrease of -32.3% against the previous year. Over the period under review, consumption continues to indicate a drastic downturn. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of High-Tenacity Filament Yarn Of Polyesters in China

In value terms, high-tenacity filament polyester yarn production rose remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 16%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from China

After three years of decline, overseas shipments of high-tenacity filament yarn of polyesters increased by 31% to X tons in 2021. In general, total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +9.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, high-tenacity filament polyester yarn exports soared to $X in 2021. The total export value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), South Korea (X tons) and India (X tons) were the main destinations of high-tenacity filament polyester yarn exports from China, together comprising 28% of total exports. Turkey, Germany, Brazil, Russia, the Netherlands, Vietnam, Canada, Belgium, Taiwan (Chinese) and Mexico lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +34.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), South Korea ($X) and India ($X) were the largest markets for high-tenacity filament polyester yarn exported from China worldwide, with a combined 27% share of total exports. Turkey, Germany, Brazil, Russia, the Netherlands, Vietnam, Canada, Belgium, Mexico and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 39%.

Mexico, with a CAGR of +26.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average high-tenacity filament polyester yarn export price stood at $X per ton in 2021, surging by 11% against the previous year. In general, the export price, however, continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, the countries with the highest prices were Vietnam ($X per ton) and Germany ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-3.9%), while the prices for the other major destinations experienced a decline.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into China

In 2021, imports of high-tenacity filament yarn of polyesters into China soared to X tons, rising by 156% against 2020. In general, imports saw a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, high-tenacity filament polyester yarn imports soared to $X in 2021. Overall, imports continue to indicate resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Vietnam (X tons) constituted the largest high-tenacity filament polyester yarn supplier to China, accounting for a 72% share of total imports. Moreover, high-tenacity filament polyester yarn imports from Vietnam exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fivefold. France (X tons) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume from Vietnam amounted to +255.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-0.6% per year) and France (+18.2% per year).

In value terms, Vietnam ($X) constituted the largest supplier of high-tenacity filament yarn of polyesters to China, comprising 51% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 14% share of total imports. It was followed by Germany, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Vietnam totaled +239.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-1.3% per year) and Germany (-3.6% per year).

Import Prices by Country

The average high-tenacity filament polyester yarn import price stood at $X per ton in 2021, declining by -36.3% against the previous year. Overall, the import price showed a pronounced contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 23%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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