DTY market saw intensified competition after machine surged in 2021

DTY market saw intensified competition after machine surged in 2021. The profit has apparently shrunk in recent 2 months. In 2022, DTY market is expected to see falling profit on the year and the growth rate of DTY machine is estimated to fall back to near 8.1%, with increment at around 1,800 sets. To improve efficiency and lower unit cost, new DTY machine will be concentrated on 288 spindles and 312 spindles, or even higher. The increase from small DTY plants is expected to be very limited in the future and will mainly come from PFY producers and fabric manufacturers