Thailand - Synthetic Filament Tow And Staple Fibers, Not Carded Or Combed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingExport of Synthetic Filament Tow From Thailand Surges to $53M in January 2024
Thailand Synthetic Filament Tow Exports
In January 2024, after two months of decline, there was significant growth in overseas shipments of synthetic filament tow and staple fibers, not carded or combed, when their volume increased by 21% to 44K tons. The total export volume increased at an average monthly rate of +1.4% over the period from January 2023 to January 2024; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in March 2023 when exports increased by 27% against the previous month.
In value terms, synthetic filament tow exports soared to $53M (IndexBox estimates) in January 2024. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when exports increased by 34% month-to-month. As a result, the exports reached the peak of $60M. From April 2023 to January 2024, the growth of the exports failed to regain momentum.
| COUNTRY | Export Value of Synthetic Filament Tow in Thailand (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | Jan 2024 | |
| United States | 10.9 | 8.1 | 11.8 | 8.8 | 13.1 | 14.8 | 10.8 | 9.7 | 8.7 | 9.5 | 8.8 | 9.5 | 8.5 |
| Indonesia | 5.1 | 6.6 | 7.2 | 5.4 | 6.9 | 5.5 | 6.2 | 6.8 | 6.7 | 6.2 | 4.8 | 4.3 | 6.6 |
| Pakistan | 1.4 | 1.5 | 2.4 | 3.2 | 2.2 | 3.3 | 2.8 | 2.8 | 4.7 | 3.6 | 2.6 | 2.9 | 6.3 |
| Vietnam | 4.3 | 3.9 | 5.0 | 4.2 | 3.5 | 5.0 | 4.4 | 4.3 | 4.4 | 5.6 | 5.6 | 4.8 | 5.6 |
| China | 4.9 | 4.8 | 5.3 | 5.4 | 5.1 | 3.5 | 4.2 | 6.2 | 6.6 | 4.5 | 4.3 | 3.3 | 4.7 |
| India | 8.3 | 5.6 | 4.5 | 2.6 | 3.4 | 3.4 | 6.4 | 2.7 | 3.6 | 4.7 | 2.3 | 1.8 | 3.9 |
| Brazil | 1.3 | 0.5 | 1.7 | 2.2 | 3.0 | 2.2 | 2.6 | 2.1 | 2.3 | 2.1 | 2.4 | 2.8 | 1.9 |
| Others | 17.2 | 13.5 | 22.0 | 14.3 | 18.4 | 16.8 | 17.6 | 16.5 | 17.6 | 19.8 | 20.9 | 14.3 | 15.3 |
| Total | 53.5 | 44.5 | 59.8 | 46.1 | 55.5 | 54.5 | 54.8 | 51.2 | 54.6 | 56.1 | 51.7 | 43.6 | 53.0 |
Exports by Country
The United States (7.9K tons), Pakistan (6.2K tons) and Vietnam (5.5K tons) were the main destinations of synthetic filament tow exports from Thailand, with a combined 45% share of total exports.
From January 2023 to January 2024, the biggest increases were in Pakistan (with a CAGR of +13.3%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the United States ($8.5M), Indonesia ($6.6M) and Pakistan ($6.3M) appeared to be the largest markets for synthetic filament tow exported from Thailand worldwide, together accounting for 41% of total exports.
In terms of the main countries of destination, Pakistan, with a CAGR of +13.1%, recorded the highest growth rate of the value of exports, 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 (39K tons) was the largest type of synthetic filament tow exported from Thailand, accounting for a 90% 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 (4.4K tons), ninefold.
From January 2023 to January 2024, the average monthly growth rate of the volume of export of synthetic staple fibres, not carded, combed or otherwise processed for spinning amounted to +1.3%.
In value terms, synthetic staple fibres, not carded, combed or otherwise processed for spinning ($45M) remains the largest type of synthetic filament tow exported from Thailand, comprising 85% of total exports. The second position in the ranking was taken by synthetic filament tow ($8M), with a 15% share of total exports.
From January 2023 to January 2024, the average monthly rate of growth in terms of the export volume of synthetic staple fibres, not carded, combed or otherwise processed for spinning was relatively modest.
Export Prices by Country
In January 2024, the synthetic filament tow price stood at $1,214 per ton (FOB, Thailand), remaining stable against the previous month. Overall, the export price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in March 2023 an increase of 6.2% against the previous month. The export price peaked at $1,443 per ton in January 2023; however, from February 2023 to January 2024, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($2,174 per ton), while the average price for exports to Bangladesh ($946 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+0.6%), 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
