HS Code:
The 'Other, of polyesters, partially oriented' category under the Harmonized System (HS) Code typically refers to partially oriented yarns (POY) made of polyester, which are intermediate products used in the textile industry for further processing into fully oriented yarns or other textile materials. These yarns are critical in the production of fabrics for clothing, home textiles, and industrial applications. This category excludes fully oriented yarns and other finished polyester products, focusing on semi-processed materials that exhibit specific tensile properties.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 1.2 billion
48% of total trade of total trade
Increasing
USD 450 million
18% of total trade of total trade
Increasing
USD 300 million
12% of total trade of total trade
Stable
USD 200 million
8% of total trade of total trade
Decreasing
USD 150 million
6% of total trade of total trade
Increasing
Average Rate
6.5%
Highest Rate
15% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like RCEP and CPTPP)
Shift towards sustainable polyester production
Increased demand for recycled polyester POY as brands prioritize eco-friendly materials, driving innovation in recycling technologies.
2021-2023
Rising production costs due to energy prices
Higher production costs in major exporting countries like China have led to price increases, impacting competitiveness in price-sensitive markets.
2022
Regionalization of supply chains
Post-pandemic supply chain disruptions have encouraged countries in Southeast Asia to develop local production capacities, reducing reliance on Chinese exports.
2020-2023
The European Union introduced provisional anti-dumping duties ranging from 5% to 10% on imports of partially oriented polyester yarns from China to protect domestic producers.
March 2023
This has led to a potential shift in market share towards other exporters like India and Thailand, while increasing costs for EU textile manufacturers reliant on Chinese imports.
The Regional Comprehensive Economic Partnership (RCEP) agreement, fully implemented in 2023, has reduced tariffs on polyester yarns among member countries, enhancing trade flows in the Asia-Pacific region.
January 2023
Exporters like China, South Korea, and Thailand have seen increased market access, fostering regional trade integration and lowering costs for manufacturers.
Major producers in India and China announced significant investments in facilities to produce recycled polyester POY, responding to growing demand for sustainable materials.
June 2023
This development is expected to reshape trade patterns by increasing the supply of eco-friendly polyester yarns, potentially reducing the market for virgin polyester POY.