Asia-Pacific: Spun Yarn Market 2021

Spun Yarn Market Size in Asia-Pacific

After three years of growth, the Asia-Pacific spun yarn market decreased by -X% to $X in 2019. Over the period under review, consumption, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2018, and then shrank in the following year.

Spun Yarn Production in Asia-Pacific

In value terms, spun yarn production fell to $X in 2019 estimated in export prices. The total production indicated a moderate increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% year-to-year. Over the period under review, production reached the maximum level at $X in 2018, and then shrank in the following year.

Production By Country in Asia-Pacific

The country with the largest volume of spun yarn production was China (X tons), accounting for X% of total volume. Moreover, spun yarn production in China exceeded the figures recorded by the second-largest producer, Thailand (X tons), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume in China was relatively modest.

Spun Yarn Exports

Exports in Asia-Pacific

In 2019, after six years of decline, there was significant growth in shipments abroad of yarn spun from silk waste, when their volume increased by X% to X tons. Overall, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2012 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, spun yarn exports stood at $X in 2019. In general, exports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

Exports by Country

China dominates spun yarn exports structure, resulting at X tons, which was approx. X% of total exports in 2019. The following exporters - Thailand (X tons) and India (X tons) - each resulted at a X% share of total exports.

Exports from China decreased at an average annual rate of -X% from 2007 to 2019. India (-X%) and Thailand (-X%) illustrated a downward trend over the same period. China (+X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest spun yarn supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value in China amounted to -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (-X% per year) and India (-X% per year).

Export Prices by Country

In 2019, the spun yarn export price in Asia-Pacific amounted to $X per ton, shrinking by -X% against the previous year. Export price indicated measured growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, export prices attained the maximum at $X per ton in 2018, and then declined in the following year.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced mixed trends in the export price figures.

Spun Yarn Imports

Imports in Asia-Pacific

Spun yarn imports dropped to X tons in 2019, with a decrease of -X% compared with the previous year. In general, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tons in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, spun yarn imports declined modestly to $X in 2019. Overall, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2014 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Japan (X tons) was the largest importer of yarn spun from silk waste, achieving X% of total imports. India (X tons) occupied the second position in the ranking, followed by Pakistan (X tons), Nepal (X tons), China (X tons), Hong Kong SAR (X tons) and Indonesia (X tons). All these countries together held near X% share of total imports.

From 2007 to 2019, average annual rates of growth with regard to spun yarn imports into Japan stood at -X%. Nepal (-X%), China (-X%), India (-X%), Pakistan (-X%), Indonesia (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of Japan (+X p.p.), Nepal (+X p.p.), India (+X p.p.) and China (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of Hong Kong SAR (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported yarn spun from silk waste in Asia-Pacific, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

In Japan, spun yarn imports plunged by an average annual rate of -X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: India (-X% per year) and Pakistan (-X% per year).

Import Prices by Country

In 2019, the spun yarn import price in Asia-Pacific amounted to $X per ton, remaining stable against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2011 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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