HS Code:
The category 'Containing 85 percent or more by weight of non-textured polyester filaments' (likely under HS Code 5402.47) pertains to synthetic filament yarn made predominantly of polyester. This product is widely used in the textile industry for manufacturing fabrics, apparel, and industrial materials due to its durability, resistance to stretching, and ease of maintenance. It is a critical raw material in the production of clothing, home textiles, and technical textiles.
Total Trade Volume
USD 3.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like USMCA and EU trade pacts)
Shift towards sustainable polyester filaments
Increased demand for recycled polyester filaments due to environmental concerns, pushing manufacturers to adopt greener production methods.
2021-2023
Rising production in Southeast Asia
Countries like Vietnam and Indonesia are becoming key players due to lower labor costs and favorable trade agreements, challenging traditional leaders like China.
2020-2022
Technological advancements in filament production
Innovations in high-tenacity and specialty filaments are expanding applications in automotive and industrial sectors, driving market growth.
2019-2023
The European Union introduced provisional anti-dumping duties ranging from 5% to 10% on polyester filament imports from China to protect domestic manufacturers.
June 2023
Potential increase in costs for EU textile producers reliant on Chinese imports, while benefiting local suppliers.
A recent bilateral trade agreement has reduced tariffs on Vietnamese polyester filament exports to the US, strengthening Vietnam's position in the market.
March 2023
Expected growth in Vietnam’s export volume, potentially reshaping supply chains in the US textile industry.
Major textile associations and governments are collaborating to establish global certification standards for recycled polyester filaments to combat greenwashing.
September 2022
Increased transparency in the supply chain, potentially raising production costs but boosting consumer trust in sustainable products.