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Polyester DTY machine growth rate change

2022-02-11 08:05:08 CCFGroup

Polyester DTY machine increased by around 2,000 tons in Chinese mainland in 2021, the biggest increment in history, and witnessed 10-year new high of growth rate at 9.9%.

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Remark: small twisting machine is converted into big one under certain proportion

 

According to the growth rate of DTY machine in recent decade, capacity expansion peak appeared in 2017-2018 and 2021. In 2017-2018, new DTY machine peaked as apparently increasing fabric mills integrated with DTY production. In 2019-2020, small DTY plants were less competitive compared with big plants with falling prosperity. New DTY machine mainly came from PFY plants and some fabric mills. Few small DTY plants expanded capacity. As a result, the growth rate of DTY machine fell back. In 2021, the increment of DTY machine hit historic new high as small DTY plants showed high investment enthusiasm and PFY producers further increased DTY production amid good profit in the fourth quarter of 2020.

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Comparing the increase of DTY machine and fabric manufacturing machine in recent 5 years, there are various types of fabric manufacturing machine, which is converted into the consumption of chemical fibers. Downstream capacity expanded intensively in 2017-2018. DTY machine and the consumption of chemical fibers among fabric manufacturing machine both extended higher. However, the profit of DTY and fabrics apparently declined in 2018 after new capacity rose. That meant falling growth rate in 2019 and the reduction of DTY machine was more apparent. In 2020 and 2021, the growth rate of chemical fiber consumption among fabric manufacturing machine was basically flat with that in 2019, while that of twisting machine gradually ascended, especially in 2021. The growth rate of DTY machine even outpaced that of chemical fiber consumption of fabric manufacturing machine mainly because DTY market witnessed obviously soaring profit since the fourth quarter of 2020.

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DTY market saw intensified competition after machine surged in 2021. The profit has apparently shrunk in recent 2 months. In 2022, DTY market is expected to see falling profit on the year and the growth rate of DTY machine is estimated to fall back to near 8.1%, with increment at around 1,800 sets. To improve efficiency and lower unit cost, new DTY machine will be concentrated on 288 spindles and 312 spindles, or even higher. The increase from small DTY plants is expected to be very limited in the future and will mainly come from PFY producers and fabric manufacturers.

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