In 2021, my country’s new PTA production capacity will be 8.5 million tons, bringing the total PTA production capacity to 66.2 million tons. my country’s PTA production capacity ranks first in the world, and the oversupply situation is relatively obvious. Under this circumstance, we are seeking a breakthrough in exports and whether the downstream polyester market will follow suit. Advances have become the main focus of the current PTA industry. In terms of import and export in 2021, my country’s PTA export volume has increased significantly to 2.052 million tons, while import volume has decreased to 51,000 tons, which has alleviated the greater pressure on supply to a certain extent. From the perspective of import and export from January to October:
1. Import
Figure 1 my country’s monthly PTA import volume from 2019 to 2021
From January to October 2021, my country’s imports of PTA were around 51,000 tons, a significant decrease of 565,900 tons compared with last year’s imports, a decrease of -91.73%. As the equipment continues to be put into production in 2021, my country’s PTA tends to be oversupplied. Under this situation, the annual PTA import volume has decreased significantly.
Figure 2 my country’s PTA import volume in 2021 (statistics by country)
Statistics from my country’s main importing countries and regions of PTA imports from January to October 2021: Taiwan, China accounts for 76% (+21% compared with last year), Japan accounts for 22% (+22% compared with last year), and Thailand accounts for 1% (+21% compared with last year). -16% last year).
Figure 3 my country’s PTA import volume in 2020 (statistics based on company registration location)
From January to October 2021, my country’s PTA import companies are mainly concentrated in Fujian Province, Shanghai, Zhejiang Province, Shandong Province and Tianjin City. Since my country’s main PTA production areas are concentrated in East China and Northeast China, PTA imports from Fujian Province and Shanghai account for bigger.
2. Export
Figure 4 my country’s PTA monthly export volume from 2019 to 2021
From January to October 2021, my country’s PTA exports were approximately 2.052 million tons, an increase of 1.2054 million tons (+142.38%) compared with the total import volume of 846,400 tons in 2020.
Figure 5 my country’s PTA export volume in 2021 (statistics by country)
From January to October 2021, my country’s main PTA export countries were India, Turkey, Oman, the Russian Federation, and Saudi Arabia. The total export volume to these five countries accounted for 72%. Exports to India and Turkey increased significantly in 2021.
Figure 6 my country’s PTA export volume in 2021 (statistics based on company registration location)
From January to October 2021, PTA export companies are mainly concentrated in Liaoning and Jiangsu. Among them, Liaoning Province’s exports accounted for 72% (-27% compared with last year), and Jiangsu Province’s exports accounted for 8% (+8% compared with last year). Since my country’s PTA production is mainly concentrated in Northeast and East China, exports from the two places have increased since then.
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