Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in China - 2024
Contents:
- Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in China (FOB) - 2024
- Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in China (CIF) - 2024
- Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in China
- Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in China
Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in China (FOB) - 2024
In February 2024, the average export price for textile fabrics; tyrecord of high tenacity yarn of polyesters amounted to $2,400 per ton, leveling off at the previous month. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2023 an increase of 6.4% month-to-month. The export price peaked at $2,630 per ton in February 2023; however, from March 2023 to February 2024, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In February 2024, the countries with the highest prices were Italy ($2,791 per ton) and Romania ($2,772 per ton), while the average price for exports to Cambodia ($2,064 per ton) and India ($2,072 per ton) were amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in China (CIF) - 2024
The average import price for textile fabrics; tyrecord of high tenacity yarn of polyesters stood at $2,989 per ton in February 2024, surging by 6.5% against the previous month. Overall, the import price, however, showed a pronounced decrease. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 20% m-o-m. As a result, import price reached the peak level of $4,261 per ton. From May 2023 to February 2024, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In February 2024, the country with the highest price was South Korea ($3,429 per ton), while the price for Vietnam totaled $2,713 per ton.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Thailand (-1.9%), while the prices for the other major suppliers experienced a decline.
Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in China
In 2022, approx. 132K tons of textile fabrics; tyrecord of high tenacity yarn of polyesters were exported from China; which is down by -9.2% against the previous year. The total export volume increased at an average annual rate of +2.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 32%. As a result, the exports attained the peak of 145K tons, and then reduced in the following year.
In value terms, exports of textile fabrics; tyrecord of high tenacity yarn of polyesters declined to $403M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 71%. As a result, the exports reached the peak of $421M, and then dropped in the following year.
| Export of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 78.4 | 50.6 | 110 | 79.0 | 0.3% |
| Japan | 54.7 | 42.5 | 64.1 | 61.2 | 3.8% |
| South Korea | 21.6 | 16.5 | 34.4 | 35.8 | 18.3% |
| India | 22.9 | 14.2 | 39.7 | 28.2 | 7.2% |
| Turkey | 6.9 | 6.7 | 13.0 | 18.2 | 38.2% |
| Philippines | 7.4 | 5.1 | 8.8 | 12.6 | 19.4% |
| Russia | 11.0 | 6.0 | 13.8 | 12.4 | 4.1% |
| Germany | 6.6 | 6.3 | 8.4 | 12.1 | 22.4% |
| Italy | 7.2 | 6.2 | 12.5 | 12.0 | 18.6% |
| Mexico | 2.5 | 2.8 | 9.0 | 10.3 | 60.3% |
| Poland | 8.8 | 7.9 | 8.4 | 9.8 | 3.7% |
| Hungary | 7.7 | 6.9 | 6.7 | 9.3 | 6.5% |
| Bangladesh | 4.7 | 12.3 | 7.0 | 4.9 | 1.4% |
| Others | 84.9 | 62.5 | 85.4 | 97.1 | 4.6% |
| Total | 325 | 247 | 421 | 403 | 7.4% |
Top Export Markets for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester from China in 2022:
- Thailand (25.7K tons)
- Japan (19.7K tons)
- South Korea (11.1K tons)
- India (10.2K tons)
- Turkey (5.5K tons)
- Russia (4.2K tons)
- Italy (4.0K tons)
- Philippines (4.0K tons)
- Germany (4.0K tons)
- Mexico (3.5K tons)
- Poland (3.3K tons)
- Hungary (3.2K tons)
- Bangladesh (3.1K tons)
Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in China
In 2022, approx. 2.4K tons of textile fabrics; tyrecord of high tenacity yarn of polyesters were imported into China; which is down by -13.7% on 2021. Over the period under review, imports showed a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 26%.
In value terms, imports of textile fabrics; tyrecord of high tenacity yarn of polyesters reached $9.9M in 2022. In general, imports recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year.
| Import of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 3.0 | 2.5 | 4.4 | 6.5 | 29.4% |
| South Korea | 3.3 | 3.5 | 1.2 | 1.7 | -19.8% |
| Japan | 0.1 | 0.1 | 0.1 | 0.4 | 58.7% |
| Thailand | 2.3 | 1.1 | 2.1 | 0.4 | -44.2% |
| Taiwan (Chinese) | 0.1 | 0.1 | 0.9 | 0.2 | 26.0% |
| Luxembourg | 1.9 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.5 | 0.5 | 0.6 | 44.2% |
| Total | 10.9 | 7.8 | 9.2 | 9.9 | -3.2% |
Top Suppliers of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester to China in 2022:
- Vietnam (1739.9 tons)
- South Korea (372.9 tons)
- Thailand (110.4 tons)
- Taiwan (Chinese) (80.1 tons)
- Japan (40.0 tons)
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In 2016, the amount of tyre cord fabric imported worldwide stood at X tons, remaining constant against the previous year figure. Overall, tyre cord fabric imports continue to indicate a relativel...
921
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