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The export volume of domestic pure polyester yarn in the first three quarters decreased significantly compared with last year

by:Chengyi     2021-03-15
In the first three quarters of 2019, the domestic pure polyester yarn export volume dropped significantly compared with last year, with a total export volume of 258,500 tons, down 8.39% from the same period last year. Except for a few months during the year, the export volume of the remaining months all declined to varying degrees compared with last year. In 2019, due to the increasing global macroeconomic uncertainty and the uncertain results of the US-China trade negotiations, domestic textile and clothing exports were all affected to a certain extent. According to customs statistics, my country exported textile yarns, fabrics and products from January to September 2019 89.158.5 billion US dollars, a year-on-year decrease of 0.1%. From January to September 2019, my country's exports of clothing and clothing accessories were US$112.7947 billion, a year-on-year decrease of 4.7%. In terms of pure polyester yarn, the cumulative export volume from January to September 2019 was 258,500 tons, a decrease of 8.39% compared with the same period last year. The export volume in the three months except March, July and August increased slightly compared with the same period last year. There have been varying degrees of decline.   From the point of view of the main exporting countries, Egypt firmly occupies the position of the largest exporter. Egypt's unique geographical location and relatively complete textile industry chain have laid a solid foundation for the development of its textile industry. At present, Egypt's domestic yarn production can only meet one-third of the needs of Egyptian domestic textile companies, which has greatly increased Egypt's yarn imports. In an environment where the overall export volume of pure polyester yarn in China has dropped by more than 8%, from January to September this year, the volume of pure polyester yarn exported to Egypt increased by nearly 20%.   The other top exporting countries are mostly Southeast Asian countries. The US-China trade friction has caused many companies to adjust their supply chain structure. At the same time, countries headed by Vietnam, relying on cheap labor and a relatively loose trading environment, have begun to flourish in the textile industry. Some domestic factories have also opened branches in Southeast Asia, so the overall export volume is among the best. To sum up, my country's pure polyester yarn export volume gradually declined from January to September 2019, mainly because the unclear results of trade negotiations caused the textile industry to linger in a deadlock of internal and external troubles; secondly, this factor continued to be negative for the foreign trade order market, especially It will force American buyers to transfer orders to Southeast Asia and other places. It is expected that the pure polyester yarn industry will shift to countries with lower labor costs and more favorable policies in the future, and the export volume of pure polyester yarn will gradually decline. Article keywords:  Pure polyester yarn export
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