India’s polyester industry has grown rapidly in recent years

In global textile trade, India’s market share continues to rise. In 2009, India’s textile trade volume was approximately US$580 billion, and its global market share was approximately 3.56%. In 2011, India’s textile trade volume was approximately US$680 billion, an increase of 17.24% from 2009, and its global market share was approximately 4%. In 2013, its textile trade volume was approximately US$800 billion, an increase of 37.93% compared with 2009, and its global market share also increased to approximately 4.56%.
As the world’s major textile exporter, from 2010 to 2013, India’s textile exports were US$28 billion, US$34 billion, US$34 billion, and US$41 billion respectively (an increase of 46.43% from 2010), with an average annual compound growth rate is 12%.
From 2013 to 2014 (April to November), India’s textile export trade volume was approximately US$24 million, of which yarn export volume was approximately US$950,000 and fiber export volume was approximately US$250,000. From 2014 to 2015 (April to November), India’s textile export trade volume was US$25 million, a year-on-year increase of approximately 4.1%; of which yarn export volume was approximately US$940,000, a year-on-year decrease of 1%; fiber export volume was approximately US$25 million US dollars, a year-on-year decrease of 0.3%. Currently, India’s textile exports are transforming towards higher value-added products.
India’s current consumption level is relatively low, and its per capita annual fiber consumption is relatively low, only 5 kilograms, which is far lower than the global figure of 11 kilograms. However, India’s higher GDP growth rate and continued growth in income levels will stimulate continued growth in domestic textile consumption. Moreover, the younger generation and gradually changing fashion trends will promote the consumption of synthetic fiber fabrics.
In global fiber consumption, cotton fiber accounts for 28% and polyester fiber accounts for 54%. In India’s fiber consumption, cotton fiber accounts for the most, accounting for 54%, and polyester fiber accounts for 38%. It is expected that by 2030, the proportion of cotton fiber consumption in India will drop to 45%, while the consumption of polyester fiber will increase to 47%.
At present, India’s textile industry has an obvious advantage of low-cost labor. Its ring spinning price is about US$1.45/kg, lower than China’s US$1.62/kg; rotor spinning price is about US$0.61/kg, lower than China’s US$0.7/kg; and textured yarn price is about US$0.39 /kg, higher than China’s US$0.41/kg. In terms of weaving, the price of ring-spun yarn is about US$0.22/kg, which is lower than China’s US$0.26/kg; the price of rotor yarn is about US$0.22/kg, which is lower than China’s US$0.27/kg; the price of Tex yarn is about At US$0.3/kg, lower than China’s US$0.35/kg. In terms of knitting, the price of ring-spun yarn is about US$0.027/kg, which is lower than China’s US$0.03/kg; the price of Tex yarn is about US$0.061/kg, which is lower than China’s US$0.066/kg.
Specific to the chemical fiber industry, in the past five years, the Indian polyester industry has grown particularly rapidly and has become the development highlight of the entire chemical fiber industry. From 2010 to 2014, the output of polyester filament in India increased rapidly, reaching 23 million tons, 24.5 million tons, 27 million tons, 28.89 million tons, and 30.7 million tons respectively (an increase of 33.48% compared with 2010); the output of polyester staple fiber They also grew rapidly, reaching 9.7 million tons, 8.8 million tons, 11.24 million tons, 12.15 million tons, and 13.1 million tons respectively (an increase of 35.05% compared with 2010).
From 2010 to 2014, the development of other chemical fiber sub-industries in India was relatively stable. Among them, the output of viscose filament oscillated slightly, at 410,000 tons, 420,000 tons, 430,000 tons, 440,000 tons, and 370,000 tons respectively; the output of viscose staple fiber was also basically stable, at 3.05 million tons, 3.23 million tons, respectively. million tons, 3.37 million tons, 3.61 million tons, and 3.06 million tons; the output of acrylic staple fiber was 790,000 tons, 780,000 tons, 740,000 tons, 960,000 tons, and 770,000 tons respectively; the output of nylon cord was 650,000 tons respectively. , 680,000 tons, 700,000 tons, 690,000 tons, 690,000 tons; the output of nylon cord fabrics was 620,000 tons, 640,000 tons, 660,000 tons, 650,000 tons, and 680,000 tons respectively; the output of polypropylene filament was 13 10,000 tons, 130,000 tons, 170,000 tons, 130,000 tons, 110,000 tons; polypropylene production remains unchanged at 40,000 tons.
In terms of production capacity, in 2014, India’s chemical fiber production capacity was: 3.984 million tons of polyester filament; 1.675 million tons of polyester staple fiber; 418,000 tons of viscose staple fiber; 79,000 tons of viscose filament; nylon Filament is 85,000 tons; polyphenylene sulfide fiber is 13,000 tons. The production capacity of chemical fiber raw materials is: paraxylene is 3.068 million tons; purified terephthalic acid is 4.075 million tons; ethylene glycol is 1.329 million tons; polyester chips are 800,000 tons; caprolactam is 125,000 tons; acrylonitrile is 3.8 Thousands of tons. Sufficient supply of raw materials ensures the production of India’s chemical fiber industry.
Overall, as China’s labor cost advantage gradually loses, India, relying on its strong economic growth momentum and huge consumer base, as well as competitive labor costs and sufficient raw material advantages, has taken advantage of preferential textile industry policies to become a It has become a country with great potential in the future development of the global fiber industry.