Exports of polyester products increased by 197,000 tons Y-o-Y to 1.047 million tons in July’24. However, these declined by 67,000 tons on a M-o-M basis. As per the latest customs data by the CCF Group, from Jan-July’24, total exports of polyester products increased by 802,000 tons Y-o-Y to 7.185 million tons. This reflects a relatively strong performance in polyester exports for the year, although some disparities are evident.

Analysing the data in more detail, exports of all polyester products except filament yarn exhibited year-on-year growth in July, continuing the trend seen in June. However, on a month-on-month basis, most products experienced a decline compared to June.

On a cumulative basis polyester exports rose to 802,000 tons Y-o-Y during Jan-July’24, surpassing the increase seen during the same period last year.

In June and July, exports of both filament yarn and staple fiber experienced significant month-on-month declines. Exports of filament yarn were particularly affected by BIS regulations, and a higher base from the same period last year led to continued negative year-on-year growth. Staple fiber fared slightly better, though it followed a similar

This decline in filament yarn and staple fiber exports during June and July could be attributed to two potential factors: domestic producers of filament yarn and staple fiber may have adjusted their strategies, gradually adopting a price-support approach, which complicated export negotiations; alternatively, a decrease in overseas demand may have led to a corresponding reduction in raw material procurement.