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.
Fibre2Fashion News Desk (KD)
The US economy will continue to expand for the rest of this year, the ...
Apparel/Garments | On 28th May 2022
Garment exports from Sri Lanka stood at $1360.6 million in...
The Nordic Swan Ecolabel, the official ecolabel of the Nordic...
Donating 20,000 N95 masks to hospitals & NGOs
Instagram & fashion will go a long way together
Consistency is the first rule of social media
Established since 1846, Evlox is a specialised denim manufacturer with its ...
Founded in 1921, Renfro Brands is a leading designer, manufacturer, and...
Founded by three partners of French origin in 1988, LC Waikiki started its ...
Sachin Pendharkar Dieffenbacher India Pvt Ltd
Germany-based Dieffenbacher Group is a producer of high-quality composites ...
Headquartered in Belgium and with offices in the United Kingdom, Portugal...
Steve McCullough & Marco Weichert Functional Fabric Fair & Design and Development GmbH Textile Consult respectively
Functional Fabric Fair is a trade-exclusive event showcasing the latest...
Gaurang Shah Label Gaurang Shah
Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...
Francesca Palumbo Label - Francesca Palumbo
Francesca Palumbo creates intricate and detailed knitwear that follows the ...
Megha Kumari & Jigar Mali Label Megha & Jigar
New Delhi based label Megha & Jigar blends India's unique handcrafts...
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.
By submitting you confirm you have read our Terms & Conditions and Privacy Policy.