Asia-Pacific: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2025

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Asia-Pacific

In 2021, the Asia-Pacific market for other synthetic tow and staple not carded, combed or otherwise processed for spinning was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Asia-Pacific

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning rose modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 11% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Exports in Asia-Pacific

In 2021, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning in Asia-Pacific totaled X tons, remaining constant against 2020 figures. In general, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 25%. Over the period under review, the exports of attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning reached $X in 2021. Total exports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +58.5% against 2016 indices. The pace of growth was the most pronounced in 2018 with an increase of 19% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Exports by Country

The shipments of the three major exporters of other synthetic tow and staple not carded, combed or otherwise processed for spinning, namely China, Taiwan (Chinese) and South Korea, represented more than two-thirds of total export. Thailand (X tons) took the next position in the ranking, followed by Japan (X tons). All these countries together took near 21% share of total exports. Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +130.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Japan ($X) were the countries with the highest levels of exports in 2021, with a combined 73% share of total exports. Taiwan (Chinese), Thailand and Indonesia lagged somewhat behind, together comprising a further 27%.

In terms of the main exporting countries, Indonesia, with a CAGR of +129.7%, saw the highest growth rate of 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-Pacific amounted to $X per ton, increasing by 12% against the previous year. Overall, the export price, however, continues to indicate a pronounced setback. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-0.4%), while the other leaders experienced a decline in the export price figures.

Imports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Imports in Asia-Pacific

In 2021, overseas purchases of other synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by -9.3% to X tons for the first time since 2011, thus ending a nine-year rising trend. In general, imports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2017 when imports increased by 42%. The volume of import peaked at X tons in 2020, and then shrank in the following year.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning reduced to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 29%. Over the period under review, imports of attained the peak figure at $X in 2020, and then reduced in the following year.

Imports by Country

China prevails in spinning structure, reaching X tons, which was near 63% of total imports in 2021. Indonesia (X tons) held an 8.2% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (7.3%). Malaysia (X tons), India (X tons), Japan (X tons), Taiwan (Chinese) (X tons) and the Philippines (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +24.6% from 2012 to 2021. At the same time, the Philippines (+32.4%), Indonesia (+17.5%), India (+14.6%), Japan (+13.6%), Taiwan (Chinese) (+5.6%), Malaysia (+3.2%) and Thailand (+1.6%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +32.4% from 2012-2021. China (+32 p.p.) and the Philippines (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese), Malaysia and Thailand saw its share reduced by -4.3%, -6.9% and -15% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported other synthetic tow and staple not carded, combed or otherwise processed for spinning in Asia-Pacific, comprising 60% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 9.2% share of total imports. It was followed by Thailand, with a 7.5% share.

In China, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning expanded at an average annual rate of +10.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Indonesia (+12.2% per year) and Thailand (-2.2% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, increasing by 2% against the previous year. In general, the import price, however, saw a abrupt decline. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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