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World Polyester Fiber Report 2009
YarnsandFibers.com, March 2010, Pages: 86
The “World Polyester Fibre – Trends in Demand and Supply” is the Fifth compendium from YarnsandFibers covering the trends in global demand and supply of textile fi-bre/filament industry. The compilation covers all major fibre producing countries ac-counting for 85% of global production and consumption. Time series on trends from 1990 to 2008 on production, imports, exports and apparent consumption is presented country-wise for 13 countries including all major Asian countries, USA and West Europe.
In this Report we have assesses the impact of the Global Slowdown on textile fi-bre/filament industry including natural fibres, particularly cotton, and how each country performed in this scenario. The analysis assesses the positions of fibres/filaments industry as events unfolded. The evolution of Global Slowdown and its spread across the world has been critically documented in perspective of textile industry. The demand crunch began in mid-2008 and continued into 2009. Also documented are the ap-proaches of developed countries and the stimulus packages announced by various gov-ernments.
HIGHLIGHTS:
Polyester accounts for 45% of all textile fibre/filaments produced in the world and 80% of all manmade fibres. Staple accounts for 18% while filament’s share is 27% in all fibres. Although polyester has been a major textile and clothing fibre, of late its use in industry, particularly in construction and automobile is remarkable. The global output of polyester was down 1.1% at 30.77 million tons and all sectors were negatively affected. Filament yarns somehow weathered the turbulences well by declining just 0.3% to 18.76 million tons while staple fibers, in line with falling cotton demand, were down 2.5% to 12 million tons. The fundamental change of the polyester business has continued in favor of China.
The US$45 billion polyester industry was no exception to this vagary. Both supply and demand declined. The polyester value chain lost almost US$0.70 billion worth of production as it ended the year at US$46.5 billion. While the loss in polyester segment was US$0.50 billion at US$16.5 billion, the filament segment was somewhat fortunate with a loss of just US$0.18 billion, now values at US$30 billion. Although polyester has been a major textile and clothing fibre, of late its use in industry, particularly in construction and automobile is remarkable. The global output of polyester was down 1.1% at 30.77 million tons and all sectors were negatively affected. Filament yarns somehow weathered the turbulences well by declining just 0.3% to 18.76 million tons while staple fibers, in line with falling cotton demand, were down 2.5% to 12 million tons.
Asia has become the prominent supplier and consumer of polyester, dominated primar-ily by China followed distantly by India. China accounts for 60% of global staple fibre supplies and 68% of polyester filaments. In 2008, both industries in China recorded double positive but smaller growth rates.
Consumption of polyester staple fiber has been increasing at an annual growth rate of 6.2% between 1998 and 2008. In 2008, it declined sharply by 3% to 12 million tons. Asia, though account for 87% of global production consumed 76% of global supplies in 2008, thus becoming the major exporter of PSF. However, in recent years, domestic demand within Asian countries has seen a steep rise. In the past 8 years, consumption of PSF recorded an increase of 8% per annum as against less than 7.7% a year growth in production. Five years ago, 25% of Asia’s production was exported (including intra-region trade) and the same has come down to 17% in 2008.
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