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

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

In 2021, the Indian high-tenacity filament polyester yarn market increased by 22% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of High-Tenacity Filament Yarn Of Polyesters in India

In value terms, high-tenacity filament polyester yarn production reduced to $X in 2021 estimated in export price. Overall, production saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 27%. High-tenacity filament polyester yarn production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from India

In 2021, high-tenacity filament polyester yarn exports from India contracted to X tons, waning by -2.7% against the year before. Overall, exports, however, posted a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 268% against the previous year. The exports peaked at X tons in 2020, and then dropped in the following year.

In value terms, high-tenacity filament polyester yarn exports surged to $X in 2021. In general, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2018 when exports increased by 282%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for high-tenacity filament polyester yarn exports from India, with a 81% share of total exports. Moreover, high-tenacity filament polyester yarn exports to the United States exceeded the volume sent to the second major destination, Australia (X tons), more than tenfold. The third position in this ranking was taken by Slovenia (X tons), with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +67.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+114.5% per year) and Slovenia (+120.0% per year).

In value terms, the United States ($X) remains the key foreign market for high-tenacity filament yarn of polyesters exports from India, comprising 74% of total exports. The second position in the ranking was taken by Australia ($X), with an 8.2% share of total exports. It was followed by Slovenia, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +60.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+110.1% per year) and Slovenia (+95.4% per year).

Export Prices by Country

The average high-tenacity filament polyester yarn export price stood at $X per ton in 2021, picking up by 23% against the previous year. Overall, the export price, however, saw a noticeable shrinkage. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Slovenia ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+6.2%), while the prices for the other major destinations experienced a decline.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into India

In 2021, approx. X tons of high-tenacity filament yarn of polyesters were imported into India; increasing by 72% compared with 2020. Overall, imports enjoyed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, high-tenacity filament polyester yarn imports surged to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +9.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest high-tenacity filament polyester yarn supplier to India, with a 71% share of total imports. Moreover, high-tenacity filament polyester yarn imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), eightfold. The third position in this ranking was held by Thailand (X tons), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+38.8% per year) and Thailand (+17.3% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of polyesters to India, comprising 67% of total imports. The second position in the ranking was taken by Thailand ($X), with a 10% share of total imports. It was followed by Vietnam, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+18.0% per year) and Vietnam (+32.6% per year).

Import Prices by Country

The average high-tenacity filament polyester yarn import price stood at $X per ton in 2021, rising by 9.3% against the previous year. Overall, the import price, however, showed a noticeable decline. The pace of growth was the most pronounced in 2018 when the average import price increased by 18%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Thailand ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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