Going At Current Pace Polyester Will Be In Surplus By 2018 [ 22 Oct, 2013]
A recently released ‘Polyester Chain Report: 2013” predict surplus supply of polyester filaments as well as staple fibre in 2018. The US$75 billion polyester industry continued to re-main as an undisputed leader in the textile Industry. Year 2012 saw its market share in-crease to over 80 per cent given the continuing growth in population and consistent improvement in standards of living, particularly in emerging economies and the fast growing mass markets. Demand for textile products has been growing for years. In the early 1980s, just 8 kg of textile fibres were consumed per capita per annum and by 2012, this has risen to 12.2 kg, implying an increase of 53 per cent in per capita use in the past three decades.
Global polyester staple fiber production is estimated to touch 17.9 million tons by 2018, as compared to 14.6 million tons in 2012. However, this will be marginally in surplus to the predicted demand in 2018. Asia, alone will have a surplus of close to 2 million ton which will be consumed by other regions in deficit. Similarly, going ahead, demand for polyester filament yarn is estimated to touch 37.5 million ton in 2018 while supplies are likely to grow at an annual rate of 4.5 per cent to 38 million, thus leaving a surplus of about half a million ton.
In 2012, the US$24 billion polyester staple fibre industry saw prices declining rapidly while production capacities reached 20.5 million ton as of 1 January 2013. 90 per cent of this addition happened in Asia alone with China as the main contributor. Production capacity of polyester filament industry expanded 4.4 million tons in 2012, taking the total capacity to 38.7 million tons. Asian region accounted for the entire capacity expansion and accounted for close to 94 per cent of global capacity. Production grew 9.4 per cent in 2012 reaching 29 mil-lion tons, just below the 11 per cent growth seen in the previous year. The growth was primarily driven by Asia while West Europe, CIS and Middle East region reporting declines. Production in America appear to rebound, somewhat.
China is the largest producer and consumer of polyester. It produced over 30 million kgs of polyester, including 9 million kgs of staple fibre and 21.5 million kgs of filament.
India - Powerloom Sector Worried Over Increase In POY Prices [ 10 Aug, 2013]
Powerloom sector in the country's biggest man-made fabric hub in Surat is facing tough times ahead with the yarn manufacturers have increased the prices by Rs 5 per kilogram in the last two weeks.
Industry sources said that the leading spinners had revised the prices of polyester yarn between Rs 1.50 to Rs 2 per kilogram on July 31 following the record downfall of rupee against the dollar.
Again the spinners announced price hike of Rs 2.50 per kilogram with effect from August 10.
Sources said that POY is the basic raw material for the powerloom sector in the city, which manufacturers around 3 crore meter of unfinished fabric per day. THe increase of Rs 5 per kilogram on yarn has affected the powerloom sector.
Rakesh Patel, a powerloom weaver in Katargam said, "It is difficult for us to maintain the production levels due to the increase in yarn prices in the past 10 days"
Source: Times of India