Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in the United States - 2024
Contents:
- Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in the United States (CIF) - 2024
- Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in the United States (FOB) - 2024
- Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in the United States
- Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in the United States
Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in the United States (CIF) - 2024
In March 2024, the average import price for textile fabrics; tyrecord of high tenacity yarn of polyesters amounted to $2,920 per ton, reducing by -3% against the previous month. Over the period under review, the import price saw a slight reduction. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 18% m-o-m. The import price peaked at $3,410 per ton in March 2023; however, from April 2023 to March 2024, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In March 2024, the highest price was recorded for prices from South Korea ($3,442 per ton) and Mexico ($3,008 per ton), while the price for China ($2,437 per ton) and Thailand ($2,746 per ton) were amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by China (-1.0%), while the prices for the other major suppliers experienced a decline.
Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in the United States (FOB) - 2024
In March 2024, the average export price for textile fabrics; tyrecord of high tenacity yarn of polyesters amounted to $5,340 per ton, surging by 13% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in July 2023 an increase of 21% month-to-month. Over the period under review, the average export prices attained the peak figure at $5,787 per ton in September 2023; however, from October 2023 to March 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Slovenia ($11,141 per ton), while the average price for exports to Bangladesh ($2,025 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in the United States
In 2022, the amount of textile fabrics; tyrecord of high tenacity yarn of polyesters imported into the United States reduced to 74K tons, dropping by -9% on 2021. Over the period under review, imports showed a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, imports attained the peak of 82K tons, and then reduced in the following year.
In value terms, imports of textile fabrics; tyrecord of high tenacity yarn of polyesters skyrocketed to $277M in 2022. In general, total imports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +2.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 59%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 137 | 52.3 | 131 | 168 | 7.0% |
| South Korea | 81.0 | 61.2 | 65.3 | 63.5 | -7.8% |
| Mexico | 25.1 | 20.1 | 21.9 | 27.1 | 2.6% |
| China | 7.2 | 5.0 | 8.9 | 10.3 | 12.7% |
| Others | 7.5 | 6.5 | 4.7 | 8.1 | 2.6% |
| Total | 258 | 145 | 231 | 277 | 2.4% |
Top Suppliers of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester to the United States in 2022:
- Vietnam (48.3K tons)
- South Korea (14.0K tons)
- Mexico (7.6K tons)
- China (3.1K tons)
Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in the United States
Exports of textile fabrics; tyrecord of high tenacity yarn of polyesters from the United States contracted to 9.9K tons in 2022, waning by -10.3% against the previous year. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +7.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 50% against the previous year. As a result, the exports reached the peak of 11K tons, and then fell in the following year.
In value terms, exports of textile fabrics; tyrecord of high tenacity yarn of polyesters expanded sharply to $52M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +18.6% 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 +71.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 18.4 | 18.1 | 29.1 | 27.8 | 14.7% |
| Mexico | 8.2 | 7.7 | 11.9 | 11.9 | 13.2% |
| Brazil | 0.3 | 0.3 | 0.8 | 6.9 | 184.4% |
| Slovenia | 0.9 | 1.3 | 0.8 | 1.9 | 28.3% |
| Ecuador | 1.6 | 0.2 | 1.5 | 1.4 | -4.4% |
| India | 0.4 | 0.2 | 0.7 | 1.0 | 35.7% |
| Bangladesh | 0.9 | 0.4 | 0.8 | 0.5 | -17.8% |
| Others | 0.8 | 2.3 | 0.7 | 0.7 | -4.4% |
| Total | 31.3 | 30.4 | 46.3 | 52.1 | 18.5% |
Top Export Markets for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester from the United States in 2022:
- Canada (5.3K tons)
- Mexico (2.3K tons)
- Brazil (1.3K tons)
- Bangladesh (0.3K tons)
- India (0.2K tons)
- Slovenia (0.2K tons)
- Ecuador (0.2K tons)
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