Polyester Filament Yarn (PFY) Price In USA
- United States: 1382 USD/MT (PFY 150D/48F)
Polyester Filament Yarn (PFY) prices increased in India after November 2023 due to the booming automotive paint industry and furniture segment during the festive season.
The latest report by IMARC, titled "Polyester Filament Yarn (PFY) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of polyester filament yarn (pfy) prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Polyester Filament Yarn (PFY) Prices December 2023:
- United States: 1382 USD/MT (PFY 150D/48F)
- China: 1126 USD/MT
- Germany: 1272/MT (PFY 150D/48F) USD/MT
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The study delves into the factors affecting polyester filament yarn (pfy) price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Polyester Filament Yarn (PFY) Price Trend- Q4 2023
The polyester filament yarn (PFY) market is primarily driven by its extensive application across various downstream industries, which has significantly influenced the demand and supply dynamics. The market is experiencing robust growth driven by the increasing demand for PFY across various industries such as textiles, automotive, and packaging is propelling market expansion. In North America, the polyester filament yarn (PFY) market saw a rise in prices for polyester filament yarn (PFY) owing to the general uptick in production costs in exporting nations. It is also escalating prices of feedstock materials such as MEG and PTA resulting in higher PFY prices in the market. The first quarter of 2024 posed challenges for polyester filament yarn (PFY) in the APAC region, with market prices witnessing a notable decrease. Several factors influenced this downward trajectory in PFY prices. Besides this, the Europe market witnessed a notable increase in prices for polyester filament yarn (PFY). Several factors contributed to this upward trend, including rising production costs in key exporting nations, limited supplies, and disruptions in trade routes.
Polyester Filament Yarn (PFY) Market Analysis
The global polyester filament yarn market size reached 73.8 Million Tonnes in 2023. By 2032, IMARC Group expects the market to reach 118.4 Million Tonnes, at a projected CAGR of 5.40% during 2023-2032. In the first quarter of 2024, the North America market saw a rise in prices. Specifically in the United States, the price fluctuations have been most notable, showing a continuous upward trend. Comparing the first quarter of 2024 to the previous one. Besides this, toward the latter part of the first quarter of 2024, there was a slight decline in prices, recording a decrease compared to the first half. Overall, the pricing landscape for PFY in North America has been positive, driven by rising production costs and heightened freight charges. Moreover, drought conditions in the Panama Canal have resulted in shipping route congestion, leading to increased freight charges. This has further augmented the overall cost of importing PFY into North America.
Besides this, the Asia pacific market experienced a downturn, with prices dropping due to reduced demand from the downstream textile sector and seasonal variations. Additionally, the Indian PFY market was impacted by developments in China, its primary importer of PFY. Specifically in China, PFY prices remained relatively stable overall, and fluctuations occurred due to changes in feedstock prices, such as MEG depreciation. Despite increased PFY production, sales fell short of expectations, leading to elevated stock levels. Demand from the textile industry remained moderate, with slow recovery rates in terminal texturing and weaving operations. As a result, overall trends, PFY prices in the Asia Pacific region saw a significant decrease compared to the same quarter last year. Furthermore, the European market witnessed increasing prices for polyester filament yarn (PFY). For instance, countries such as Germany experienced the most significant price changes. Germany, a major market for PFY, felt the impact of price fluctuations. The country experienced a stable market situation, with moderate supply levels and moderate to high demand from the downstream textile industry. Prices of PFY in Germany steadily increased throughout the quarter. These price fluctuations can be attributed to various factors, including rising production costs, limited supplies, disruptions in trade routes, and seasonal demand changes. It is worth noting that the pricing environment has consistently trended upwards, reflecting prevailing market conditions in the Europe region for PFY.
Browse Full Report: https://www.imarcgroup.com/polyester-filament-yarn-pricing-report
Key Points Covered in the Polyester Filament Yarn (PFY) Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Polyester Filament Yarn (PFY) Index
- Polyester Filament Yarn (PFY) Prices
- Polyester Filament Yarn (PFY) Demand & Supply
- Polyester Filament Yarn (PFY) Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Polyester Filament Yarn (PFY) Price Analysis
- Polyester Filament Yarn (PFY) Industry Drivers, Restraints, and Opportunities
- Polyester Filament Yarn (PFY) News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- 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.
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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