June 7-11 Polyester Filament Hanfu Market May Have Great Development Potential

Development potential of polyester filament in chemical fiber industry

　　 Due to the relatively low labor costs in China, India and Southeast Asia, the chemical fiber industry has a large space for development, which is carrying on the world chemical fiber industry transfer.

The global production capacity of chemical fiber industry is mainly distributed in China, India, ASEAN, South Korea, Western Europe and other countries and regions. Affected by the distribution of downstream chemical fiber trade distribution centers and main raw material suppliers, China's chemical fiber production capacity is mainly distributed in Zhejiang Province, Jiangsu Province and Fujian Province, with obvious regional characteristics.
After more than 40 years of development, China's chemical fiber industry from scratch, from small to large, from large to strong.

In 2020, China's chemical fiber production will exceed 60 million tons, accounting for 70% of the global total consumption. Domestic consumption of upstream raw materials Px, PTA and ethylene glycol will account for about 60% of the global consumption. China has become a truly powerful country in the chemical fiber industry in the world. At present, China has mainly formed a market pattern of domestic sales and synthetic fiber as the mainstream products. The scale effect of chemical fiber industry is obvious, and the monopoly effect of leading enterprises is obvious.
Among them, polyester filament accounts for about 80% of the whole chemical fiber industry. The prosperity of the chemical fiber industry in the future mainly depends on the development of polyester filament market.
The output of polyester filament is increasing rapidly
In 2020, China's Polyester output will be nearly 50 million tons, accounting for about 80% of the chemical fiber industry, but the growth rate is slow, only 3.9%. The future development of polyester fiber production depends on whether the downstream industry can well support its growth. The future growth will mainly depend on filament. The entry barrier of polyester filament is relatively low, and its bargaining power to downstream is weak. Take a 300000 ton filament factory as an example. With an initial investment of about 1.2 billion yuan and 400 workers, a medium-sized enterprise with an annual income of 200 million yuan can be formed. Generally, the investment can be recovered in 10-15 years. In addition, the proportion of direct labor cost in filament production continues to be less than 2%, there is no sharp impact of labor cost rise after Lewis turning point, and the industrial chain will stay in China for a long time.
Obvious oligopoly effect in polyester filament Market

In the final analysis, the core competitiveness of polyester filament enterprises lies in the raw material cost advantage, logistics rate and high-quality customer stickiness based on scale effect. At present, polyester filament is generally divided into two types of enterprises: one is the integrated enterprise with the whole industrial chain layout, representing Rongsheng petrochemical, Hengyi petrochemical and Hengli petrochemical; the other is the enterprise deeply cultivating the middle and lower reaches of chemical fiber based on the regional raw material cost advantage, and the representative enterprises are Tongkun, xinfengming and Hengli petrochemical. The total market value of the above-mentioned five enterprises is nearly 500 billion yuan, and the output exceeds 50%.
The price of polyester products is relatively cheap, and the operation differences among enterprises are more in the comprehensive coverage of the industrial chain and cost control, but the overall product is relatively homogeneous. In 2021, Hengyi petrochemical, Tongkun Co., Ltd. and xinfengming are expected to put into production a total of 2.5 million tons of filament, which is expected to contribute 1% to the growth of the industry. The growth of the downstream market is certain. With the publication of the financial report of the leading companies in the first quarter, the steady growth trend is obvious, driving the demand for polyester filament.

Leading enterprises gradually occupy the domestic chemical fiber Market
In the future, the chemical fiber industry is optimistic about the development of general-purpose materials.

Under the opportunities and challenges, a number of leading enterprises with competitive advantages have emerged in China. Under the test of last year's epidemic situation, the international competitiveness has initially appeared, and the competitive advantages of excellent chemical fiber enterprises are obvious. With the process of globalization and the deepening of technological revolution, the chemical fiber industry will continue to be bigger and stronger in the future.
Hanfu market may become another main force in the development of textile and garment market

In recent years, the trend of national fashion represented by Hanfu is driving a new round of consumption hot spots. Some data show that in 2021, the sales scale of Hanfu market is expected to exceed 10 billion yuan.

In Chengdu, the ancient fashion industry has become a new growth point of cultural and tourism consumption. Last year, the total output value of the industry was about 600 million yuan.