In April 2021, China’s pure polyester yarn exports were 29,228.38 tons, +0.99% month-on-month and +61.34% year-on-year. China imported 268.87 tons of pure polyester yarn, a month-on-month decrease of -5.98% and a year-on-year decrease of -35.22%.
Figure 1 Comparison of pure polyester single yarn export data from 2019 to 2021
In April 2021, the export volume of pure polyester single yarn was 17832.769 tons, month-on-month – 6.9%, +84.99% year-on-year; 11,395.606 tons of pure polyester strands were exported, +16.44% month-on-month, +34.44% year-on-year;
Table 1 Export volume of major producing and selling countries for 4 pure polyester single yarn exports in 2021
Source: Customs data
The above data show that Egypt and India, the major production and sales countries, fell by 6.9% and 20.14% respectively compared with March. Iran, the producing and selling country with the most obvious decline, was 58.32%. On a year-on-year basis, the export volumes of all producing and selling countries have shown signs of recovery. Affected by the overseas epidemic in 2020, export volumes have dropped significantly. In particular, India’s nationwide blockade in the same period of 2020 has caused textile factories, trade links, and port shipments to all stagnate, and export volumes across the board have been stagnant. fell 93.16%, and the phenomenon of foreign trade order breaches and delayed deliveries continued to increase, as well as the collapse of production and sales in major export producing and marketing countries such as Egypt, Iran, Vietnam, Brazil, and Mexico.
Table 2 Export volume of 4-pure polyester single yarn at each port in 2021
Source: Customs data
From the perspective of major export shipping places, Fujian’s export volume remains the first. In April 2021, Fujian’s export volume remained Continued shrinkage. From the perspective of major export shipping destinations, Fujian’s export volume remains the first. In April 2021, Fujian’s export volume accounted for more than 55% of domestic export volume, down 14.13% from March 21.
Figure 1CCFI_Mediterranean Route
Since the Suez Canal ship blockage incident at the end of March, shipping freight has risen sharply. As of Last Friday, according to data from the Shanghai Shipping Exchange, the average space utilization rate of ships on all major routes basically maintained a full load level, and the freight rates on the routes generally remained high. In particular, the freight rates on ocean routes continued to rise. Among them, the freight rates on European and Mediterranean shipping routes increased. are more than 10%. In addition, Islamic countries entered the Ramadan holiday on April 13, and the epidemic situation in Bangladesh, India and other places has resumed, which has restricted demand.
Taken together, there is a shortage of containers and the continued rise in freight rates is likely to continue until the end of the third quarter or even near the end of the year. . In late May, there is a certain need for Islamic countries to resume work after fasting. However, rare complications of the epidemic in India have broken out one after another, and high sea freight may continue to affect the export volume of pure polyester yarn in May. </p
