The global trade of high tenacity polyester yarn, whether or not textured have shown a dramatic decline in 2019. Total trade decreased 1.88 per cent to $3,274.67 million in 2019 from $3,337.47 million in 2017, according to the data from TexPro. The total trade of high tenacity polyester yarn has declined 16.86 per cent in 2019 over the previous year.
Further the trade is anticipated to drop to $3,182.95 million in 2022 with a rate of 2.80 per cent from 2019, according to Fibre2Fashion’s market analysis tool TexPro.
The global export of high tenacity polyester yarn was $1,626.57 million in 2017, which slightly declined 1.21 per cent to $1,606.97 million in 2019. Total exports fell 16.04 per cent in 2019 over the previous year and is expected to drop to $1,578.00 million in 2022 with a rate of 1.80 per cent from 2019.
The global import value of high tenacity polyester yarn was $1,710.90 million in 2017, which reduced 2.52 per cent to $1,667.70 million in 2019. Total imports decreased 17.63 per cent in 2019 over the previous year and is expected to shrink to $1,604.95 million in 2022 with a rate of 3.76 per cent from 2019.
China ($745.90 million), South Korea ($171.98 million), Germany ($123.07 million), Taiwan ($96.74 million) were the key exporters of high tenacity polyesters across the globe in 2019, together comprising 70.80 per cent of total export. These were followed by the Spain ($56.75 million), the Netherlands ($47.06 million) and the US ($46.67 million).
