POLYESTER STAPLE FIBRE
Overview
2008 was one of the most turbulent years in recent history dogged with dramatic sales downturn of the entire textile trade. Though the entire textile is extremely cyclical, but nobody could anticipate such a vehement slump. Many companies were hit harder and some recorded order losses of more than 90%. 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$30 billion. Year 2007 had witnessed robust economic growth across nations and prices of most commodities and energy touched unprecedented levels than.
The polyester staple fibre industry was adversely affected by the global slowdown with crisis aggravating in the second half of the year. About half a billion US$ were shaved off during the year at US$16.5 billion. Such drastic performance was unseen in the past 10 years. During 2008, capacity expanded by mere 1% while output and consumption declined 2.5% and 3% respectively.
Complete data on polyester demand - supply, price trends, end use, major producers is available in the YnFx Polyester Chain Report 2009 the recent edition published by YNFX
You may also view the Table of Contents || Report Highlights
The report contains 150 pages packed with up-to-date statistics and objective analysis of the trends and recent development of the polyester Industry covering the entire value chain beginning from ethylene further to intermediate – PTA & MEG, down to polyester fibre and filaments. The Report presents tabulation and graphical presentation of trends in demand and supply of polyester chain country-wise from 2003 to 2008 and projections upto 2014 for both fibre and filament. Processes description, end use and derivatives along with the latest producer-wise capacity are added feature of this report. In this issue we have also covered information on polyester - international trade. |
