Polyamide Textile Filament Yarn (Excluding Sewing Thread) Prices in China
China Polyamide Textile Filament Yarn (Excluding Sewing Thread) Export Price in September 2022
In September 2022, the polyamide textile filament yarn (excluding sewing thread) price stood at $3,175 per ton (FOB, China), falling by -2.9% against the previous month. Over the period under review, the export price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in March 2022 when the average export price increased by 2.7% month-to-month. The export price peaked at $3,577 per ton in January 2022; however, from February 2022 to September 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In September 2022, the country with the highest price was Sri Lanka ($4,273 per ton), while the average price for exports to India ($2,441 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.
China Polyamide Textile Filament Yarn (Excluding Sewing Thread) Exports
In September 2022, the amount of polyamide textile filament yarn (excluding sewing thread) exported from China fell to 18K tons, reducing by -10.8% compared with the month before. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when exports increased by 38% against the previous month. Over the period under review, the exports of attained the maximum at 20K tons in June 2022; however, from July 2022 to September 2022, the exports stood at a somewhat lower figure.
In value terms, exports of polyamide textile filament yarn (excluding sewing thread) dropped to $56M (IndexBox estimates) in September 2022. Overall, exports showed a pronounced shrinkage. The pace of growth appeared the most rapid in March 2022 when exports increased by 42% month-to-month. As a result, the exports reached the peak of $68M. From April 2022 to September 2022, the growth of the exports of failed to regain momentum.
China Polyamide Textile Filament Yarn (Excluding Sewing Thread) Exports by Country
India (3.3K tons), Turkey (2.2K tons) and Brazil (2.1K tons) were the main destinations of exports of polyamide textile filament yarn (excluding sewing thread) from China, with a combined 43% share of total exports. These countries were followed by South Korea, Vietnam, Indonesia, Bangladesh, Colombia, Mexico, Poland, Sri Lanka, Italy and Pakistan, which together accounted for a further 42%.
From January 2022 to September 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +10.1%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for polyamide textile filament yarn (excluding sewing thread) exported from China were India ($8.1M), Brazil ($7.1M) and Vietnam ($6.5M), with a combined 39% share of total exports. Turkey, South Korea, Indonesia, Bangladesh, Sri Lanka, Colombia, Mexico, Italy, Poland and Pakistan lagged somewhat behind, together accounting for a further 44%.
Poland, with a CAGR of +7.5%, recorded the highest rates of growth with regard to 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.
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