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Polyester (FDY) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A24367
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Polyester (FDY) Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Polyester (FDY) | Chemical | China | 1166 USD/MT |
The polyester (FDY) prices in China for Q4 2023, reached 1166 USD/MT in December. The market experienced a recovery, bolstered by government measures and robust consumption from key sectors such as polymers and automotive. Despite early price declines, the market gained strength with the increasing trust of the consumer, supported by rising availability of polyester FDY derivatives. Minor market variations were noted but did not significantly hinder the overall recovery.
Polyester (FDY) Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Polyester (FDY) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of polyester (FDY) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of Polyester (FDY) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of Polyester (FDY) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing polyester (FDY) price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Polyester (FDY) Market Analysis
The global polyester (FDY) market size reached 8.32 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 11.64 Million Tons, at a projected CAGR of 3.80% during 2023-2032.
- Polyester (FDY) is rapidly being adopted in the apparel and textile sector for its strength, durability, and versatility. Consumers are increasingly substituting natural fibers with synthetic alternatives due to their improved performance and cost-effectiveness.
- Polyester (FDY) demand is further bolstered by its extensive utilization in home furnishings like curtains, bed linens, and upholstery. With consumers seeking more aesthetically pleasing and functional home ambience, demand for durable and versatile materials is propelling. The increasing trend of home improvement and interior design has further escalated the requirement for superior quality home textiles, thereby favoring the market. Moreover, the expansion of textile and apparel market significantly boosts the demand for cost-effective synthetic fibers, like FDY. According to industry reports, Asia-Pacific region dominates the global textile market with a CAGR of 4.5%, which is more than global textile growth rate of 3.52%. China has a share of 36.35% in the textile sector, followed by India with 5.47% share.
- Polyester (FDY) is also emerging as a popular choice in the industrial sector as a raw material for manufacturing conveyer belts, geotextiles, and automotive fabrics because of its excellent tensile strength and abrasion resistance. The global automotive fabrics market is expected to grow at a CAGR of 4.9%, reaching USD 51.4 billion by 2029 from USD 40.5 billion in 2024.
- Increasing disposable incomes and rapid urbanization in developing economies are boosting the demand for polyester (FDY) as it is comparatively cheaper than natural fibers. According to United Nations Development Programme, it is expected that by 2050, more than two-thirds of the global population will be living in urban regions. This rapid urbanization will mainly be observed in developing countries, particularly Asia and Africa. By 2050, Asia’s population is projected to increase to 64% from 48% while Africa’s is expected to rise to 56% from 40%. Consequently Asia-Pacific countries like China and India are the dominant markets for polyester (FDY). In FY2023, India witnessed a 65% boost in polyester yarn import. China remains the largest market for polyester yarn, followed by India which has an annual polyester production of 4.5-5 million tons.
- Furthermore, the amplifying shift towards sustainability trend has compelled major companies to practice eco-friendly and sustainable manufacturing of polyester (FDY). For instance, Oerlikon Barmag is a leading additive manufacturing and polymer processing company that has developed WINGS technology that facilitates the optimized and sustainable production by generating less waste and decreasing the energy consumption by approximately 30%. This technology is primarily used to process high-quality FDY for polyamide and polyester.
- The market share is further expanding due to rise of e-commerce platforms that facilitates the easy accessibility of polyester (FDY) products to a broader base of consumers. Moreover, the surge in online retailing of apparels and textiles aids in market growth. Approximately 2.10 billion people shops online for fabrics and textiles, and around 62% of the online consumers buy fabrics at least once a month.
Polyester (FDY) News
The report covers the latest developments, updates, and trends impacting the global polyester (FDY) market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in polyester (FDY) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the polyester (FDY) price trend.
Latest developments in the polyester (FDY) industry:
- In February 2024, TCG Group invested INR 1250 crore in FDY expansion project at Garden Silk Mills Private Limited (GSMPL). This manufacturing plant is known to produce high-quality FDY, polyester chips, and other specialized yarns.
- In April 2024, Toray Industries, a textiles and fibers specialist company, signed an agreement with Hyundai Motor Group for strategic cooperation and development of high-strength and lightweight materials for high-performance and environmentally friendly vehicles.
Product Description
Polyester (FDY) is a continuous filament fully drawn yarn with excellent tenacity that is directly produced from the polymer by a single stage spinning method, making it a crucial material in the textile industry. FDY is valued for its exceptional durability, strength, and elasticity, making it desirable for home furnishings, apparel, and industrial textiles. It also resists shrinking and abrasion and offers excellent color retention and quick-drying characteristics, which, in turn, is contributing to its adoption in both functional fabrics and fashion.
Polyester (FDY) production includes alignment of polymer molecules by drawing the polyester filaments. This enhances the tensile strength of yarn and ensures consistency and uniformity. FDY is available in various filament counts and deniers, permitting manufacturers to tailor it to particular applications and needs. Polyester (FDY) popularity is driven by its versatility, cost-effectiveness, and the increasing consumer demand for synthetic fibers. In addition, technological advancements in manufacturing methods have further enhanced the applications and quality of polyester (FDY), strengthening its position as a principal material in modern textile sector.
Regional Coverage
The report provides a detailed analysis of the polyester (FDY) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the polyester (FDY) price trend.
Global Polyester (FDY) Price
The report offers a holistic view of the global polyester (FDY) pricing trends in the form of polyester (FDY) price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into polyester (FDY) historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into polyester (FDY) price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed polyester (FDY) demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Polyester (FDY) Price
Europe witnessed a notable rise in polyester FDY prices, mirroring the positive trends observed in related sectors. Investor optimism and positive consumer outlook were key drivers in contributing to this growth trajectory, leading to a surge in fresh inquiries from the textile and associated sectors. The market’s growth was also propelled by increased spending and the expansion of operations related to production. Despite these positive developments, the region continued to grapple with economic challenges, including reduced export opportunities due to the shutdown of the Red Sea route and ongoing pressures of hike in prices.
This analysis can be extended to include detailed polyester (FDY) price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Polyester (FDY) Price
North America’s polyester FDY market showed a major positive trend, despite no clear indicators of significant market growth. A noticeable increase in market activity driven by higher consumer expenditure and momentum in downstream sectors was observed. Traders took advantage of this period to stockpile inventory in anticipation of potential price hikes in the coming year, spurred by lower costs of manufacturing and a rise in consumption for polyester FDY.
Specific polyester (FDY) historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Polyester (FDY) Price
The report explores the polyester (FDY) pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on polyester (FDY) prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Polyester (FDY) Price
The polyester FDY market in Asia initially faced a minute dip in prices, opposing to earlier forecasts, the market steadily regained its footing as demand picked up, especially from the polymer and automotive sectors. This rebound was further bolstered by favorable steps by the Government of China, which played a crucial role in enhancing market confidence. Increased consumer interest in polyester FDY derivatives also contributed to this upward trend, although occasional market variations did prevent it from reaching its peak performance.
This polyester (FDY) price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Polyester (FDY) Price
The analysis of polyester (FDY) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Polyester (FDY) |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, polyester (FDY) Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of polyester (FDY) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting polyester (FDY) price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The polyester (FDY) price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
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- For further assistance, please connect with our analysts.
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