Asia: Artificial Staple Fibre Market 2025

Artificial Staple Fibre Market Size in Asia

The Asian artificial staple fibre market fell markedly to $X in 2021, dropping by -17.4% against the previous year. Over the period under review, consumption continues to indicate a noticeable decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Artificial Staple Fibre Production in Asia

In value terms, artificial staple fibre production shrank rapidly to $X in 2021 estimated in export price. Over the period under review, production recorded a pronounced descent. The growth pace was the most rapid in 2020 when the production volume increased by 55% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Artificial Staple Fibre Exports

Exports in Asia

In 2021, the amount of artificial staple fibres exported in Asia expanded significantly to X tons, picking up by 6.5% against 2020. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 40%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, artificial staple fibre exports rose rapidly to $X in 2021. Over the period under review, exports, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 26% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) and China (X tons) represented the main exporters of artificial staple fibres in 2021, reaching near 42% and 32% of total exports, respectively. The United Arab Emirates (X tons) held the next position in the ranking, distantly followed by Saudi Arabia (X tons). All these countries together held near 19% share of total exports. The following exporters - Iran (X tons) and Indonesia (X tons) - together made up 5.4% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Saudi Arabia (with a CAGR of +39.0%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2021, with a combined 82% share of total exports. These countries were followed by Saudi Arabia, Iran and Indonesia, which together accounted for a further 14%.

In terms of the main exporting countries, Saudi Arabia, with a CAGR of +29.7%, 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

In 2021, the export price in Asia amounted to $X per ton, with an increase of 7% against the previous year. Over the period under review, the export price, however, continues to indicate a mild descent. The pace of growth was the most pronounced in 2016 when the export price increased by 14% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Saudi Arabia ($X per ton), while Turkey ($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 United Arab Emirates (+3.8%), while the other leaders experienced mixed trends in the export price figures.

Artificial Staple Fibre Imports

Imports in Asia

In 2021, approx. X tons of artificial staple fibres were imported in Asia; jumping by 43% on the previous year. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 92% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, artificial staple fibre imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a noticeable contraction. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Democratic People's Republic of Korea (X tons), distantly followed by China (X tons), Turkey (X tons), Iraq (X tons) and Bangladesh (X tons) were the key importers of artificial staple fibres, together making up 79% of total imports. Uzbekistan (X tons), Iran (X tons), India (X tons), Yemen (X tons), Cambodia (X tons) and South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Democratic People's Republic of Korea (with a CAGR of +85.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest artificial staple fibre importing markets in Asia were China ($X), Turkey ($X) and Democratic People's Republic of Korea ($X), together accounting for 62% of total imports.

Among the main importing countries, Democratic People's Republic of Korea, with a CAGR of +70.2%, 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

The import price in Asia stood at $X per ton in 2021, approximately equating the previous year. Overall, the import price, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2015 an increase of 52%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :