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Thailand - Yarn Of Synthetic Or Artificial Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Thailand - Yarn Of Synthetic Or Artificial Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights

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Sep 7, 2023

Thailand's Synthetic Yarn Price Sees 7% Decrease, Reaches $2,585 per Ton

Thailand Synthetic Yarn Export Price in July 2023

In July 2023, the synthetic yarn price stood at $2,585 per ton (FOB, Thailand), which is down by -7.3% against the previous month. In general, the export price showed a slight setback. The pace of growth was the most pronounced in March 2023 an increase of 9.1% month-to-month. The export price peaked at $3,122 per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In July 2023, the countries with the highest prices were Malaysia ($2,866 per ton) and Bangladesh ($2,294 per ton), while the average price for exports to South Korea ($1,941 per ton) and the Philippines ($2,065 per ton) were amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-1.3%), while the prices for the other major destinations experienced a decline.

Thailand Synthetic Yarn Export Prices By Country (USD Per Ton)
COUNTRYExport Price of Synthetic Yarn in Thailand (USD per ton)
Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023
Malaysia3,3333,4653,2873,3533,3343,4002,9672,7862,9642,7992,8862,8272,866
Bangladesh3,2213,9695,7762,6392,8312,7343,1192,7922,7703,3902,7853,1982,294
Colombia2,8652,8952,5902,3672,4662,4202,3662,1422,2902,1182,2842,2072,265
Peru2,8212,8772,5632,3532,4312,2782,2282,2342,1952,2102,2472,1782,239
Ecuador2,7872,8742,4692,3322,3592,2772,2572,1002,2042,2312,2402,1612,124
Philippines2,7602,7582,4002,2732,2802,1492,1742,0362,1962,1632,1932,1132,065
South Korea2,6692,5152,3302,4262,0062,2892,1132,4202,3462,1382,2732,5891,941
Average3,1223,0932,8712,6992,7292,6202,6572,4682,6922,7062,6632,7882,585

Thailand Synthetic Yarn Export Prices by Type

Prices varied noticeably by the product type; the product with the highest price was yarn (not sewing thread), of man-made staple fibres, put up for retail sale ($15,575 per ton), while the average price for exports of yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale ($2,519 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for the following types: yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale (+1.1%), while the prices for the other products experienced a decline.

Thailand Synthetic Yarn Exports

In July 2023, after three months of decline, there was significant growth in shipments abroad of yarn of synthetic or artificial staple fibers, when their volume increased by 25% to 3K tons. Over the period under review, exports, however, continue to indicate a abrupt contraction.

In value terms, synthetic yarn exports skyrocketed to $7.7M (IndexBox estimates) in July 2023. Overall, exports, however, saw a abrupt decrease. The pace of growth was the most pronounced in March 2023 with an increase of 22% against the previous month.

Thailand Synthetic Yarn Exports by Type

Yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale (2.7K tons) was the largest type of synthetic yarn exported from Thailand, with a 92% share of total exports. Moreover, yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale exceeded the volume of the second product type, yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale (222 tons), more than tenfold.

From July 2022 to July 2023, the average monthly growth rate of the volume of export of yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale totaled -6.1%. With regard to the other exported products, the following average monthly rates of growth were recorded: yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale (+1.8% per month) and yarn (not sewing thread), of man-made staple fibres, put up for retail sale (+2.2% per month).

In value terms, yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale ($6.9M) remains the largest type of synthetic yarn exported from Thailand, comprising 90% of total exports. The second position in the ranking was held by yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale ($676K), with an 8.8% share of total exports.

From July 2022 to July 2023, the average monthly rate of growth in terms of the export volume of yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale amounted to -7.8%. With regard to the other exported products, the following average monthly rates of growth were recorded: yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale (+2.9% per month) and yarn (not sewing thread), of man-made staple fibres, put up for retail sale (+0.2% per month).

Thailand Synthetic Yarn Exports by Country

South Korea (394 tons), Malaysia (390 tons) and Brazil (271 tons) were the main destinations of synthetic yarn exports from Thailand, with a combined 35% share of total exports.

From July 2022 to July 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +24.4%), while the other leaders experienced mixed trend patterns.

In value terms, Malaysia ($1.1M), South Korea ($765K) and Bangladesh ($604K) were the largest markets for synthetic yarn exported from Thailand worldwide, with a combined 32% share of total exports. These countries were followed by Peru, Ecuador, Colombia, Japan, Vietnam, Brazil, the Philippines, Lao People's Democratic Republic and Spain, which together accounted for a further 53%.

In terms of the main countries of destination, Brazil, with a CAGR of +18.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the synthetic yarn 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 13108210 - Yarn (other than sewing thread) containing . .85 % by weight of synthetic staple fibres, n.p.r.s.
  • Prodcom 13108250 - Yarn (other than sewing thread) containing . .85 % by weight of synthetic staple fibres, p.r.s.
  • Prodcom 13108320 - Yarn containing < .85 % by weight of polyester staple fibres (other than sewing thread), mixed with artificial fibres, n.p.r.s.
  • Prodcom 13108340 - Yarn containing < .85 % by weight of synthetic staple fibres (other than sewing thread), mixed with cotton, n.p.r.s.
  • Prodcom 13108380 - Other yarns, containing < .85 % by weight of synthetic staple fibres (other than sewing thread), n.p.r.s., n.e.c.
  • Prodcom 13108390 - Yarn containing < .85 % by weight of synthetic staple fibres (other than sewing thread), p.r.s.
  • Prodcom 131083Z0 - Yarn of synthetic staple fibres mixed with wool, n.p.r.s
  • Prodcom 13108410 - Yarn (other than sewing thread) of artificial staple fibres, n .p.r.s.
  • Prodcom 13108430 - Yarn (other than sewing thread) of artificial staple fibres, p.r.s.

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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