View: https://twitter.com/amitabhk87/status/1947904762881708362?s=19
Everybody seems to know where the problem lies , it's just nobody wants to come up with a solution.
Went for chat gpt for what's going on . Gives a good summery of whats going on ....
Here's a detailed comparison between India and China in polyester and viscose production capacities:
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Polyester (Man‑Made Fibres)
China
In 2017, China accounted for 58% of global polyester staple fibre production (~9.03 million t) .
It also led polyester filament yarn production with 70% of world capacity, while India had about 9% (~3.5 Mt) .
By 2024 Q3, China operated at ~93% capacity in polyester filament with chemical fibre output reaching 58.6 million t in first 9 months .
India
Polyester staple fibre production was ~1.51 Mt in 2017, around 10% of global capacity .
Polyester filament yarn capacity stood at ~3.5 Mt in 2017 (~9% share) .
Domestic price pressures: India pays ~$70/ton more for PTA, squeezing margins versus China .
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Viscose (Rayon)
China
Viscose staple fibre (VSF) capacity was ~5.245 Mt in 2020 .
Holds ~60% of global VSF production, increasing from ~1.68 Mt (2011) to 3.67 Mt (2017) .
Leading viscose filament yarn (VFY) producer with 72% of world capacity in 2017 .
India
VSF capacity was ~0.50 Mt (500 kT) in 2017, about 2nd globally after China .
India’s viscose filament yarn capacity was ~0.06 Mt in 2017 (~21% world share) .
Energy inefficiencies: some plants lose 18–22% energy due to outdated tech .
Fibre prices in India are now closer to China’s, signaling growing competitiveness .
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Comparative Summary
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Key Takeaways
1. China dominates both polyester and viscose markets, controlling ~60–70% of global capacities.
2. India holds smaller yet significant shares: ~10% in polyester staple fibres and up to ~21% in viscose filament yarn.
3. India is the world’s #2 producer for both VSF and VFY.
4. Challenges for India include higher raw‑material costs (PTA), older plants with lower energy efficiency, and reliance on imports.
5. Opportunities exist: India’s fibre prices are converging with China’s, capacity utilisation is near 90%, and PLI scheme and new polyester park investments may boost competitiveness .
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Outlook
China continues expanding and enhancing its polyester & viscose fibre capacity, with significant investment in chemical fibres (e.g., Q1–Q3 2024 saw 1.16 Mt new polyester capacity) .
India is modernising with schemes like PLI and textile parks, aiming to reduce PTA dependency and close the quality-price gap .
Conclusion
China leads by a wide margin, owning around 6–7 times more capacity than India in both polyester and viscose globally.
India is a strong contender, ranking second in both categories, improving its competitive stance with evolving prices, investments, and policy support.
