ASEAN: Market for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides 2024

Market Size for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in ASEAN

The ASEAN high-tenacity filament nylon yarn market soared to $X in 2022, surging by 41% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +58.7% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in ASEAN

In value terms, high-tenacity filament nylon yarn production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 30% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Exports in ASEAN

In 2022, shipments abroad of high-tenacity filament yarn of nylon or other polyamides decreased by -11.6% to X tons for the first time since 2015, thus ending a six-year rising trend. In general, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 44%. The volume of export peaked at X tons in 2021, and then contracted in the following year.

In value terms, high-tenacity filament nylon yarn exports stood at $X in 2022. Overall, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by 65% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Thailand (X tons) and Vietnam (X tons) represented the largest exporters of high-tenacity filament yarn of nylon or other polyamides in 2022, recording near 46% and 35% of total exports, respectively. It was distantly followed by Indonesia (X tons), generating a 19% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Thailand (with a CAGR of +20.3%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest high-tenacity filament nylon yarn supplying countries in ASEAN were Thailand ($X), Vietnam ($X) and Indonesia ($X), with a combined 99% share of total exports.

In terms of the main exporting countries, Thailand, with a CAGR of +23.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, with an increase of 19% against the previous year. Export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, high-tenacity filament nylon yarn export price increased by +44.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by 22%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+5.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Imports in ASEAN

High-tenacity filament nylon yarn imports dropped slightly to X tons in 2022, shrinking by -4.4% against the year before. Overall, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 41%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, high-tenacity filament nylon yarn imports expanded modestly to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 58%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Vietnam (X tons) and Thailand (X tons) represented the key importers of high-tenacity filament yarn of nylon or other polyamides in 2022, resulting at near 44% and 31% of total imports, respectively. Indonesia (X tons) held the next position in the ranking, followed by Myanmar (X tons). All these countries together held near 20% share of total imports. The Philippines (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Myanmar (with a CAGR of +52.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest high-tenacity filament nylon yarn importing markets in ASEAN were Thailand ($X), Vietnam ($X) and Indonesia ($X), with a combined 92% share of total imports. Myanmar and the Philippines lagged somewhat behind, together comprising a further 7.3%.

Myanmar, with a CAGR of +44.7%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, picking up by 8.7% against the previous year. In general, the import price, however, saw a slight downturn. The pace of growth was the most pronounced in 2021 an increase of 31%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform