HS Code:
Synthetic filament yarn (other than sewing thread), not put up for retail sale, including synthetic monofilament of less than 67 decitex, falls under HS Code 5402. This category includes a variety of synthetic yarns such as nylon, polyester, and other artificial fibers used primarily in industrial applications, textiles, and manufacturing of fabrics. These yarns are essential raw materials in the production of apparel, home textiles, automotive textiles, and technical textiles. The category excludes yarns packaged for retail sale, focusing instead on bulk industrial use.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand for sustainable synthetic yarns
Increased investment in recycled polyester and bio-based yarns, driving market shifts toward eco-friendly products
2021-2023
Shift of production to Southeast Asia
Countries like Vietnam and Indonesia are emerging as key exporters due to lower labor costs and trade agreements like RCEP
2020-2022
Technological advancements in yarn production
Innovations in high-tenacity yarns for industrial use are boosting demand in automotive and aerospace sectors
2019-2023
The European Union introduced provisional anti-dumping duties ranging from 5% to 10% on certain synthetic filament yarns from China to protect domestic manufacturers.
March 2023
Likely to increase costs for EU importers and shift sourcing to other countries like South Korea or Vietnam.
Under the USMCA agreement, stricter rules of origin for textiles are pushing manufacturers to source synthetic yarns within North America.
July 2022
Increased demand for US and Mexican synthetic yarn production, reducing reliance on Asian imports.
Major textile companies are committing to using recycled polyester yarns to meet sustainability goals, spurred by consumer demand and regulatory pressures.
October 2022
Growth in recycling technologies and a potential premium on sustainable yarns in global markets.