HS Code:
The 'Yarns of Different Colors' category (assumed HS Code: 5402.62 for polyester yarns of different colors as an example, since specific HS code '222' is not standard) includes synthetic filament yarns, particularly those dyed in multiple colors or made of fibers of different colors, used primarily in the textile industry for weaving, knitting, and other fabric production processes. This category is significant in the global market for producing diverse and visually appealing textiles and garments, catering to fashion and home decor industries. The trade of such yarns is influenced by fashion trends, production costs, and regional manufacturing capabilities.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
UN Comtrade Database and International Trade Centre (ITC)
$450 million USD
37.5% of total trade of total trade
Increasing
$200 million USD
16.7% of total trade of total trade
Increasing
$150 million USD
12.5% of total trade of total trade
Stable
$100 million USD
8.3% of total trade of total trade
Stable
$80 million USD
6.7% of total trade of total trade
Increasing
Average Rate
6.5% ad valorem
Highest Rate
12% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-Vietnam FTA or USMCA)
Rising demand for sustainable and eco-friendly yarns
Increased investment in recycled polyester yarns of different colors, pushing manufacturers to adopt greener production methods to meet consumer and regulatory demands.
2021-2023
Shift towards automation in yarn production
Reduction in production costs and improvement in consistency of color quality, benefiting large-scale exporters like China and South Korea.
2020-2022
Growth in fast fashion industry
Higher demand for vibrant, multi-colored yarns to meet rapidly changing consumer trends, boosting trade volumes in countries with strong textile supply chains like India and Vietnam.
2019-2023
The European Union introduced provisional anti-dumping duties ranging from 5% to 10% on certain synthetic yarns, including multi-colored polyester yarns from China, to protect domestic manufacturers.
March 2023
Potential reduction in Chinese yarn exports to the EU, with possible market share gains for India and Turkey.
Vietnam announced investments in new yarn dyeing and production facilities, supported by favorable trade agreements like the EU-Vietnam FTA, to increase exports of colored yarns.
July 2022
Strengthening of Vietnam’s position as a key supplier in the global market, especially to Europe.
Major importing regions like the US and EU have introduced stricter sustainability and chemical use standards for textile yarns, affecting production processes globally.
January 2023
Increased production costs for non-compliant exporters, while benefiting those already aligned with green practices.