HS Code:
The product category 'Wholly of polyester, of single yarns measuring not less than 75 decitex but not more than 80 decitex, having 24 filaments per yarn and with a twist of 900 or more turns per meter' falls under HS Code 5402.33. This category pertains to specific polyester filament yarns used primarily in the textile industry for weaving, knitting, and other fabric manufacturing processes. These yarns are characterized by their fineness (decitex range) and high twist, making them suitable for producing durable and high-strength fabrics often used in apparel, industrial textiles, and home furnishings. Global trade in this category is driven by demand in textile manufacturing hubs, particularly in regions with strong garment export industries.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
12% (imposed by certain African and South American countries)
Lowest Rate
0% (under free trade agreements such as CPTPP and EU-Vietnam FTA)
Shift towards sustainable polyester yarns
Increased demand for recycled polyester yarns as brands adopt eco-friendly practices, influencing trade patterns with higher exports from countries investing in recycling technologies.
2021-2022
Rising production costs due to energy prices
Higher production costs in key exporting countries like China have led to a slight increase in prices, affecting competitiveness and shifting some demand to lower-cost producers like Vietnam.
2022
Growth in demand from fast fashion
Sustained demand from fast fashion industries in Europe and North America has boosted exports from Asian countries, particularly India and Vietnam.
2020-2022
The European Union extended tariff reductions for polyester yarn imports from certain developing countries under the Generalized Scheme of Preferences (GSP+), benefiting exporters from South Asia.
January 2023
Expected to increase trade volume from countries like India and Bangladesh by 10-15% in the next two years.
The United States initiated an anti-dumping investigation into polyester yarn imports from China and Taiwan, citing unfair pricing practices.
March 2022
Potential imposition of additional duties could reduce imports from these countries, redirecting demand to other suppliers like South Korea.
Vietnam announced a USD 500 million investment in textile manufacturing infrastructure, focusing on high-quality polyester yarn production to meet global demand.
September 2022
Likely to position Vietnam as a leading exporter in this category, challenging established players like Taiwan.