Asia-Pacific: Artificial Filament Tow Market 2024

Artificial Filament Tow Market Size in Asia-Pacific

In 2022, the Asia-Pacific artificial filament tow market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, showed a mild descent. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Artificial Filament Tow Production in Asia-Pacific

In value terms, artificial filament tow production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Artificial Filament Tow Exports

Exports in Asia-Pacific

In 2022, artificial filament tow exports in Asia-Pacific reached X tons, rising by X% against the previous year. Overall, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, artificial filament tow exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a abrupt shrinkage. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, China (X tons) represented the main exporter of artificial filament tow, making up X% of total exports. South Korea (X tons) held the second position in the ranking, distantly followed by Singapore (X tons). All these countries together held near X% share of total exports.

China was also the fastest-growing in terms of the artificial filament tow exports, with a CAGR of X% from 2012 to 2022. At the same time, Singapore (X%) displayed positive paces of growth. By contrast, South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Singapore and South Korea increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest artificial filament tow supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the export price figures.

Artificial Filament Tow Imports

Imports in Asia-Pacific

In 2022, overseas purchases of artificial filament tow decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. Overall, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, artificial filament tow imports expanded notably to $X in 2022. Over the period under review, imports recorded a abrupt slump. The growth pace was the most rapid in 2017 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons) was the key importer of artificial filament tow, mixing up X% of total imports. South Korea (X tons) ranks second in terms of the total imports with a X% share, followed by Vietnam (X%), India (X%), the Philippines (X%), China (X%), Pakistan (X%) and Singapore (X%).

Imports into Indonesia increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. India and Vietnam experienced a relatively flat trend pattern. By contrast, Pakistan (X%), Singapore (X%), the Philippines (X%) and China (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia, South Korea, Vietnam, India, the Philippines, Pakistan and Singapore increased by X, X, X, X, X, X and X percentage points, respectively.

In value terms, Indonesia ($X) constitutes the largest market for imported artificial filament tow in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

In Indonesia, artificial filament tow imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in China ($X per ton) and Indonesia ($X per ton), while Vietnam ($X per ton) and India ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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