HS Code:
The Multifilament, partially oriented category, often classified under HS Code 5402.44 (for partially oriented yarn of polyester) or related subcategories, includes synthetic multifilament yarns that are partially oriented during the manufacturing process. These yarns are primarily used in the textile industry for producing fabrics, ropes, and other industrial materials. Partially oriented yarn (POY) serves as a key intermediate product in the production of fully drawn yarn (FDY) and textured yarn, which are essential for apparel and home textiles.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database & International Trade Centre (ITC)
USD 2.1 billion
40.4% of total trade of total trade
Increasing
USD 850 million
16.3% of total trade of total trade
Increasing
USD 620 million
11.9% of total trade of total trade
Stable
USD 480 million
9.2% of total trade of total trade
Decreasing
USD 310 million
6.0% of total trade of total trade
Increasing
Average Rate
6.5% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Asia FTAs)
Rising demand for sustainable textiles
Increased production of recycled polyester POY to meet eco-friendly standards, driving innovation in manufacturing processes.
2021-2023
Shift in supply chains due to geopolitical tensions
Diversification of sourcing away from China to countries like Vietnam and India due to trade wars and tariffs.
2020-2022
Growth in technical textiles
Higher demand for multifilament POY in automotive, medical, and industrial applications, boosting trade volumes.
2019-2023
The European Union imposed provisional anti-dumping duties on imports of polyester partially oriented yarn from China to protect domestic producers.
April 2023
Potential increase in costs for EU textile manufacturers; shift in sourcing to other Asian countries.
India introduced incentives under the PLI scheme to boost domestic production of synthetic yarns, including multifilament POY.
September 2022
Expected to increase Indiaโs export capacity and competitiveness in the global market.
Major global brands are adopting stricter sustainability standards, pushing suppliers to adopt recycled POY and greener production methods.
January 2023
Increased investment in recycling technologies; higher compliance costs for smaller exporters.