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Polyester (DTY) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A23413
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Polyester (DTY) Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Polyester (DTY) | Chemical | China | 1248 USD/MT |
The price trend of polyester (DTY) in the fourth quarter of 2023 were 1248 USD/MT in China.
Polyester (DTY) Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Polyester (DTY) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of polyester (DTY) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of polyester (DTY) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of polyester (DTY) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing polyester (DTY) price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Polyester (DTY) Market Analysis
The global polyester (DTY) market size reached US$ 7.56 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 12.77 Million, at a projected CAGR of 6.00% during 2023-2032.
Polyester is widely used in the textile industry due to its durability, resistance to shrinking and stretching, and easy maintenance. Its versatility in blending with other fibers also enhances its demand. The domestic apparel & textile industry in India contributes approx. 2.3 % to the country’s GDP, 13% to industrial production and 12% to exports. India has a 4% share of the global trade in textiles and apparel. The textiles and apparel industry in India is the 2nd largest employer in the country providing direct employment to 45 million people and 100 million people in allied industries. India recorded its highest-ever textiles and apparel exports in the financial year 2021-22 at $44.4 billion. According to the textiles ministry, USA was the top export destination for the country's textiles and apparel shipments, accounting for 27% share, followed by the European Union (18%), Bangladesh (12%) and UAE (6%). Simultaneously, the construction and automotive sectors significantly contribute to market growth by utilizing polyester fibers in various components due to their durability and versatility. Technological advancements, particularly in polymer science, drive ongoing innovation, enhancing the sustainability and adaptability of these fibers. In February 2024, the Fashion & Textile Museum in London hosted the global launch of CELYS, the first fully certified compostable polyester. The panel delved into CELYS' origins, technological advancements, and its potential impact on the fashion industry. Certified by BPI, DIN, and The Seedling Logo, CELYS aims to revolutionize the textile industry. Moreover, the global shift towards sustainable practices boosts market growth, as environmentally conscious consumers and businesses prefer polyester fibers produced through eco-friendly methods. For instance, in March 2024, Gap Inc. and Ambercycle partnered to incorporate cycora regenerated polyester into Athleta products starting in 2026. Athleta aspires to become the first performance apparel brand to utilize cycora on a large scale. Ambercycle's technology converts end-of-life textiles into high-performance fabrics, supporting Gap Inc.'s initiatives to minimize environmental impact and promote circularity. Additionally, the market dynamics are further driven by polyester's cost-effectiveness, affordability compared to natural fibers, and its increasing popularity in non-textile applications.
Polyester (DTY) News
The report covers the latest developments, updates, and trends impacting the global polyester (DTY) market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in polyester (DTY) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the polyester (DTY) price trend.
Latest developments in the polyester (DTY) industry:
- In January 2023, Stein Fibers LLC, a distributor of textile products, announced the acquisition of Fibertex Corp.’s North American fiber operations. The combination of Fibertex and Stein Fibers will expand the fiber product portfolio in North America and allow each company to better serve its customers.
- In March 2023, Mukesh Ambani-owned Reliance Industries (RIL) completed the acquisition of nine-decade-old Sintex Industries Ltd. by infusing ₹1,500 crore in the Ahmedabad-based yarn and fabric manufacturer, which is more widely known in the country for manufacturing black plastic water tanks.
Product Description
Polyester (DTY), or drawn textured yarn, is a processed polyester fiber. It is highly versatile and can be used for a long time, which is why it is commonly used in the textile manufacturing industry. The DTY process involves stretching and twisting the yarn, resulting in a product that is both soft and strong, providing a comfortable feel. This texturing enhances the drape and tactile quality of the fabric, making it ideal for use in garments and home textiles. Additionally, DTY is highly crease-resistant and maintains its shape well, benefiting both manufacturers and consumers by reducing the need for ironing and ensuring longevity. Moreover, DTY is easy to dye, allowing for a wide range of vibrant colors. This dyeability presents numerous opportunities for designers to create visually striking textiles. The combination of these attributes, comfort, durability, shape retention, and color versatility, makes DTY a preferred choice in various textile applications.
Regional Coverage
The report provides a detailed analysis of the polyester (DTY) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the polyester (DTY) price trend.
Global Polyester (DTY) Price
The report offers a holistic view of the global polyester (DTY) pricing trends in the form of polyester (DTY) price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of polyester (DTY) but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed polyester (DTY) demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Polyester (DTY) Price
European polyester (DTY) prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
This analysis can be extended to include detailed polyester (DTY) price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Polyester (DTY) Price
The analysis of polyester (DTY) prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.
Specific polyester (DTY) historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Polyester (DTY) Price
The report explores the polyester (DTY) pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on polyester (DTY) prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Polyester (DTY) Price
The polyester (DTY) pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This polyester (DTY) price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Polyester (DTY) Price
The analysis of polyester (DTY) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Polyester (DTY) |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Polyester (DTY) Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of polyester (DTY) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting polyester (DTY) price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The polyester (DTY) price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
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