In the past decade, the polyester filament industry has continued to expand the high capacity cycle, and the expansion area has gradually spread from the traditional industrial base in Zhejiang to the surrounding provinces, although the growth rate of polyester filament production has slowed down significantly in 2024, the next five years, there are still new production capacity of polyester filament every year, of which Jiangsu is expected to be more than 4 million tons of production planning, and the supply ratio in Jiangsu continues to increase.

2023 is still the peak of polyester production, as of the end of the year, the domestic polyester industry added a total of 11.41 million tons/year, an increase of 5.795 million tons/year over the same period last year, an increase of 103%. As shown in the following figure, polyester filament is the main force of polyester production, 2023 domestic polyester filament new production capacity of more than 4 million tons, an increase of 48.3%, followed by polyester bottle sheet, polyester bottle sheet production speed has accelerated in recent years, this year's production scale of more than 4 million tons/year.

In recent years, the production area of polyester filament has gradually spread from south to north, from Zhejiang to Jiangsu and the western region. As shown in Figure 2, Zhejiang, Jiangsu and Fujian are still the main production and marketing areas of polyester filament yarn market, but with the continuous expansion of the production scale in Jiangsu, the supply ratio in Jiangsu also increases. At present, the supply of Jiangsu market accounts for more than 1/3 of the national share, and the production of Xinjiang Yuxin device also marks the breakthrough of zero production capacity of polyester filament yarn in northwest China. At present, according to public data, a total of 1.1 million tons of production capacity will be put into production, of which Zhejiang will add 500,000 tons, Jiangsu will add 300,000 tons, Anhui is expected to have a 300,000 tons of equipment put into the market by the end of the year, and the new production capacity in 2024 is expected to be reduced by 75.1%. The capacity utilization level of existing equipment in the industry has been improved. Source: Throughout the past five years, the main production areas of polyester filament production comparison, Zhejiang province is a unique show, is the main area of polyester filament supply, but as shown in Figure 3, in 2022, affected by public health events, Zhejiang production and sales are affected, the first half of April Jiaxing Haining, Tongxiang and other areas are limited logistics, transportation, resulting in reduced supply, In the second half of the year, especially the frequent occurrence of public health events at the end of the year, the supply and demand of the industry are in a state of semi-paralysis, and mainstream production enterprises take the lead in reducing negative risk aversion, so the overall supply in Jiangsu and Zhejiang region in 2022 is significantly reduced. In 2023, Zhejiang added 800,000 tons of new production capacity, accounting for less than 20% of the total scale of production, but the utilization rate of the plant capacity has been significantly improved, so the overall supply in 2023 in Zhejiang increased more rapidly, the annual supply of nearly 21.7 million tons, accounting for 67.1% of the total supply, but compared with last year, the proportion fell near 7%. Source: Longzhong Information 2023 polyester filament production projects are mainly concentrated in Jiangsu, especially in northern Jiangsu, such as Siyang, Suqian and other areas, according to Longzhong data statistics show that the production scale in Jiangsu accounted for 78.7% of the total production of the country, and with the gradual transfer of polyester filament production projects to Jiangsu in recent years, the supply growth rate in Jiangsu is more obvious. The 2023 supply will account for about 25% of the total national supply, an increase of about 2% year-on-year. Source: As mentioned above, the new scale of domestic polyester filament will slow down in 2024, and it is expected that there will only be a set of 300,000 tons of project scale in Jiangsu, but according to the scale analysis of enterprise industrial park projects, there will still be more than 4 million tons of production planning in Jiangsu from 2025 to 2029, and the future production capacity of polyester filament is mainly concentrated in Jiangsu, Fujian, Anhui and other regions. At the same time, enterprises with small production capacity or backward equipment in Jiangsu, Zhejiang and Fujian are expected to withdraw, so the future production capacity supply ratio in Jiangsu will gradually increase to around 35%, which is expected to increase by 10 percentage points compared with 2023.

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Huaian Jiatai New Fiber Co., Ltd. is a large-scale polypropylene enterprise integrating the research and development, production and sales of polypropylene yarn, polypropylene high-strength yarn ，polypropylene industrial yarn, high-strength polypropylene yarn, and polypropylene twisted yarn. If necessary, please log on the official website of Huaian Jiatai Polypropylene Twisted Wire.

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