Spandex exports extend higher in Jan-Sep, 2021

According to statistics from China Customs, exports of spandex, under Hs code 54024410, totaled 61.8kt in Jan-Sep, 2021, up by 32.9% or 15,286mt on the year and up by 29.0% from 2019 level, with monthly average volume at 6864 tons, and export unit price was at $8.281/kg, up by $3.517/kg on the year and $3.053/kg from the same period of 2019 respectively.

Exports of spandex have been high in the first half of 2021, which hit historic new high at 8,719 tons in Jan, at 6,507 tons in Feb, at 8,100 tons in Mar and kicked new high again in Apr at 9,427 tons but declined to 7,756 tons in May amid tight supply and short containers and dropped to 5,697 tons in Jun. Spandex exports hit yearly low in Jul and slightly increased in Aug, the second low in 2021, but rose to 5,435 tons in Sep with eased tightness of containers and falling sea freight.

1. Spandex export by destination

Turkey remained the biggest export destination. Exports of spandex to Turkey, South Korea, Taiwan of China and Egypt still accounted for above 40% of the total. Exports to Columbia, Turkey, Bangladesh, Taiwan of China, and India all rose by 63-134% on the year in Jan-Sep, 2021.

2. Export price of spandex by destination

Export price of spandex was still obviously diversified in Jan-Sep and hat of most varieties obviously climbed up on the year. Average export price rose by $3.517/kg compared with the same period of last year to $8.281/kg in Jan-Sep, 2021, up by $3.053/kg from the same period of 2019.

3. Export of spandex by origin

Zhejiang, Jiangsu, Guangdong, Chongqing, Henan and Shandong were major export suppliers of spandex in Jan-Sep, 2021, occupying 93.6% totally, basically flatting with the corresponding period of last year. Proportion of Zhejiang, Jiangsu and Guangdong all declined on the year.