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Thailand - Synthetic Filament Tow And Staple Fibers, Not Carded Or Combed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThailand's Export of Filament Tow Decreases by 7% to $626M in 2023
Thailand Synthetic Filament Tow Exports
In 2023, overseas shipments of synthetic filament tow and staple fibers, not carded or combed increased by 10% to 476K tons for the first time since 2020, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +4.4% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 19%. As a result, the exports reached the peak of 483K tons. From 2021 to 2023, the growth of the exports failed to regain momentum.
In value terms, synthetic filament tow exports fell to $626M (IndexBox estimates) in 2023. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 28%. As a result, the exports attained the peak of $705M. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.
COUNTRY | Export Value of Synthetic Filament Tow in Thailand (million USD) | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
United States | 16.6 | 18.7 | 25.8 | 23.2 | 31.8 | 84.5 | 74.5 | 62.5 | 99.2 | 119 | 124 |
Indonesia | 117 | 127 | 99.6 | 81.3 | 84.9 | 89.1 | 79.1 | 59.1 | 98.4 | 89.6 | 71.7 |
China | 66.7 | 60.1 | 50.9 | 56.6 | 101 | 122 | 96.9 | 79.8 | 74.3 | 46.3 | 58.1 |
Vietnam | 110 | 92.5 | 72.1 | 56.7 | 62.6 | 72.8 | 59.7 | 47.3 | 42.9 | 57.2 | 55.1 |
India | 33.0 | 37.0 | 34.3 | 25.6 | 22.6 | 28.2 | 32.5 | 26.6 | 42.2 | 41.4 | 49.3 |
Japan | 13.9 | 10.3 | 15.2 | 11.0 | 16.9 | 28.3 | 23.2 | 25.3 | 25.3 | 34.8 | 33.4 |
Pakistan | 29.4 | 31.0 | 38.5 | 16.0 | 24.5 | 26.0 | 31.6 | 57.1 | 62.7 | 35.4 | 33.3 |
Brazil | 5.5 | 2.7 | 6.9 | 9.5 | 13.2 | 17.8 | 12.4 | 13.5 | 21.7 | 20.2 | 25.2 |
Bangladesh | 55.8 | 40.6 | 24.8 | 29.5 | 34.0 | 37.3 | 20.4 | 12.8 | 33.0 | 24.6 | 23.1 |
Malaysia | 3.9 | 4.2 | 2.8 | 3.6 | 6.0 | 8.2 | 7.3 | 12.3 | 15.1 | 29.4 | 20.4 |
Netherlands | 1.2 | 1.4 | 1.2 | 3.7 | 5.2 | 7.9 | 8.1 | 10.3 | 11.8 | 12.9 | 14.2 |
Turkey | 3.8 | 4.3 | 3.6 | 3.2 | 7.8 | 6.7 | 10.8 | 10.3 | 13.8 | 27.4 | 13.4 |
Spain | 11.2 | 16.2 | 23.4 | 18.2 | 21.2 | 26.0 | 24.2 | 15.4 | 13.0 | 6.8 | 6.0 |
Others | 106 | 124 | 102 | 115 | 120 | 150 | 119 | 86.9 | 99.1 | 125 | 98.5 |
Total | 574 | 571 | 501 | 453 | 552 | 705 | 600 | 519 | 653 | 670 | 626 |
Exports by Country
the United States (105K tons), Vietnam (53K tons) and Indonesia (49K tons) were the main destinations of synthetic filament tow exports from Thailand, with a combined 44% share of total exports.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +27.1%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for synthetic filament tow exported from Thailand were the United States ($124M), Indonesia ($72M) and China ($58M), together accounting for 41% of total exports. Vietnam, India, Japan, Pakistan, Brazil, Bangladesh, Malaysia, the Netherlands, Turkey and Spain lagged somewhat behind, together comprising a further 44%.
the Netherlands, with a CAGR of +27.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports by Type
Synthetic staple fibres, not carded, combed or otherwise processed for spinning (435K tons) was the largest type of synthetic filament tow and staple fibers, not carded or combed exported from Thailand, with a 91% share of total exports. Moreover, synthetic staple fibres, not carded, combed or otherwise processed for spinning exceeded the volume of the second product type, synthetic filament tow (42K tons), tenfold.
From 2013 to 2023, the average annual rate of growth in terms of the volume of synthetic staple fibres, not carded, combed or otherwise processed for spinning exports stood at +5.1%.
In value terms, synthetic staple fibres, not carded, combed or otherwise processed for spinning ($540M) remains the largest type of synthetic filament tow and staple fibers, not carded or combed exported from Thailand, comprising 86% of total exports. The second position in the ranking was taken by synthetic filament tow ($87M), with a 14% share of total exports.
From 2013 to 2023, the average annual growth rate of the value of synthetic staple fibres, not carded, combed or otherwise processed for spinning exports totaled +1.5%.
Export Prices by Country
In 2023, the synthetic filament tow price amounted to $1,314 per ton (FOB, Thailand), falling by -15.1% against the previous year. Over the period under review, the export price recorded a perceptible contraction. The pace of growth was the most pronounced in 2021 an increase of 29%. Over the period under review, the average export prices attained the peak figure at $1,847 per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Japan ($2,209 per ton), while the average price for exports to Brazil ($961 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+2.2%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the synthetic filament tow market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20601110 - Aramids staple, not carded, combed or otherwise processed for spinning
- Prodcom 20601120 - Other polyamide tow and staple, not carded, combed or otherwise processed for spinning
- Prodcom 20601130 - Polyester tow and staple, not carded, combed or otherwise processed for spinning
- Prodcom 20601140 - Acrylic tow and staple, not carded, combed or otherwise processed for spinning
- Prodcom 20601150 - Polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning
- Prodcom 20601190 - Other synthetic tow and staple not carded, combed or otherwise processed for spinning
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024