The US’ imports of polyester textured yarn of HS code 540233 are expected to drop in the coming months as the country’s government has imposed an anti-dumping duty (ADD) on the same.
According to the US Department of Commerce, polyester textured yarn from Indonesia, Malaysia, Thailand and Vietnam is distributed in the US at lower than fair value. The Commerce Department has already calculated the ADD cash deposit rates which range between 2.58 per cent and 56 per cent. The US importers must post duty deposits at these ADD rates on the day the final determinations are published in the Federal Register.
The United States International Trade Commission (USITC) will announce the final determination on November 30, 2021.
The monthly average of overall US imports of polyester textured yarn was $12.27 million in the last quarter of 2020. It dropped by 13.73 per cent to $10.59 million between January 2021 and August 2021, according to Fibre2Fashion’s market analysis tool TexPro. It is estimated to rise by 6.66 per cent to a monthly average of $11.29 million between September 2021 and November 2021.
Between December 2021 and March 2022, the monthly average is expected to drop by 4.28 per cent to $10.81 million.
The collective monthly average of US imports of polyester textured yarn from Thailand, Vietnam, Malaysia and Indonesia was $3.85 million in the last quarter of 2020. It dropped by 5.70 per cent to a monthly average of $3.63 million between January 2021 and August 2021.
It is estimated to go further down by 15.84 per cent to $3.63 million between September 2021 and November 2021 and by 3.86 per cent to $2.94 million between December 2021 and March 2022.
