Export reduced by more than 10% YOY

According to the latest data from China customs, exports of spandex amounted to 66.6kt in Jan-Nov, 2022, a year-on-year decrease of 10.2% or 7544 tons. The average export unit price was at $7.864/kg in Jan-Nov, 2022, down by $0.731/kg on the year. Export of spandex dropped this year in terms of value and volume. The production and export recovered in textile and apparel production bases including India and Vietnam in Q2 but slipped in Q3 and Oct-Nov. Overseas buyers mainly purchased spandex on a need-to-basis. Exports to the top four destinations saw negative YOY growth and those to other markets also shrank apparently.