Asia-Pacific: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in Asia-Pacific

The Asia-Pacific synthetic filament tow market dropped to $X in 2021, which is down by -5.4% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Synthetic Filament Tow Production in Asia-Pacific

In value terms, synthetic filament tow production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 12% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Synthetic Filament Tow Exports

Exports in Asia-Pacific

Synthetic filament tow exports rose markedly to X tons in 2021, growing by 11% against 2020 figures. The total export volume increased at an average annual rate of +3.8% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, synthetic filament tow exports soared to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) and South Korea (X tons) were the key exporters of synthetic filament tow and staple fibers, not carded or combed in 2021, accounting for near 27% and 22% of total exports, respectively. Thailand (X tons) held the next position in the ranking, followed by India (X tons), Taiwan (Chinese) (X tons), Indonesia (X tons) and Vietnam (X tons). All these countries together held approx. 43% share of total exports.

From 2012 to 2021, the biggest increases were in Indonesia (with a CAGR of +15.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic filament tow supplying countries in Asia-Pacific were China ($X), South Korea ($X) and Thailand ($X), with a combined 57% share of total exports. Taiwan (Chinese), India, Indonesia and Vietnam lagged somewhat behind, together comprising a further 25%.

Indonesia, with a CAGR of +11.5%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries 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, picking up by 15% against the previous year. Overall, the export price, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2018 an increase of 19%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in South Korea ($X per ton) and Thailand ($X per ton), while Vietnam ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-2.5%), while the other leaders experienced a decline in the export price figures.

Synthetic Filament Tow Imports

Imports in Asia-Pacific

In 2021, approx. X tons of synthetic filament tow and staple fibers, not carded or combed were imported in Asia-Pacific; picking up by 5.4% on 2020 figures. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when imports increased by 10% against the previous year. The volume of import peaked at X tons in 2019; afterwards, it flattened through to 2021.

In value terms, synthetic filament tow imports surged to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Vietnam (X tons) and China (X tons) represented roughly 40% of total imports in 2021. Indonesia (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (11%), Pakistan (9.5%), India (7.5%) and Japan (4.6%).

From 2012 to 2021, the biggest increases were in Bangladesh (with a CAGR of +11.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2021, with a combined 51% share of total imports. India, Bangladesh, Pakistan and Japan lagged somewhat behind, together comprising a further 31%.

Bangladesh, with a CAGR of +6.6%, saw the highest growth rate of the value of imports, among 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

The import price in Asia-Pacific stood at $X per ton in 2021, growing by 16% against the previous year. Over the period under review, the import price, however, saw a perceptible contraction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (-2.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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