ASEAN: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in ASEAN

The ASEAN high-tenacity filament polyester yarn market soared to $X in 2021, growing by 19% against the previous year. Over the period under review, consumption, however, saw a mild descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of High-Tenacity Filament Yarn Of Polyesters in ASEAN

In value terms, high-tenacity filament polyester yarn production declined to $X in 2021 estimated in export price. In general, production saw a pronounced decline. The most prominent rate of growth was recorded in 2018 with an increase of 26% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports in ASEAN

In 2021, approx. X tons of high-tenacity filament yarn of polyesters were exported in ASEAN; approximately mirroring 2020. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 67% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, high-tenacity filament polyester yarn exports expanded to $X in 2021. In general, exports showed a strong expansion. The growth pace was the most rapid in 2013 with an increase of 61%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia represented the main exporting country with an export of about X tons, which finished at 48% of total exports. It was distantly followed by Vietnam (X tons) and Thailand (X tons), together creating a 49% share of total exports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +46.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and Vietnam ($X) were the countries with the highest levels of exports in 2021, with a combined 98% share of total exports. Singapore lagged somewhat behind, accounting for a further 1.5%.

In terms of the main exporting countries, Singapore, with a CAGR of +18.6%, saw 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

The export price in ASEAN stood at $X per ton in 2021, growing by 1.7% against the previous year. In general, the export price, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 when the export price increased by 3.4% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-1.4%), while the other leaders experienced a decline in the export price figures.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports in ASEAN

In 2021, the amount of high-tenacity filament yarn of polyesters imported in ASEAN soared to X tons, increasing by 29% on 2020 figures. Over the period under review, imports posted a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of 87% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, high-tenacity filament polyester yarn imports skyrocketed to $X in 2021. In general, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 74%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X tons), Vietnam (X tons), Indonesia (X tons) and the Philippines (X tons) was the main importer of high-tenacity filament yarn of polyesters in ASEAN, achieving 91% of total import. It was distantly followed by Malaysia (X tons), comprising a 7.5% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +24.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest high-tenacity filament polyester yarn importing markets in ASEAN were Thailand ($X), Vietnam ($X) and the Philippines ($X), together comprising 74% of total imports.

Among the main importing countries, Vietnam, with a CAGR of +21.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, growing by 4.4% against the previous year. Overall, the import price, however, saw a perceptible downturn. The growth pace was the most rapid in 2018 an increase of 7.8% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Philippines ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (-1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform