Asia: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2025

Market Size for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Asia

The Asian market for polyester tow and staple, not carded, combed or otherwise processed for spinning declined modestly to $X in 2022, stabilizing at the previous year. The total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.9% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Asia

In value terms, production of polyester tow and staple, not carded, combed or otherwise processed for spinning contracted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a moderate increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 57% against the previous year. Over the period under review, production of reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

Exports in Asia

In 2022, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning in Asia fell to X tons, reducing by -11.7% compared with the previous year's figure. The total export volume increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 11%. Over the period under review, the exports of hit record highs at X tons in 2021, and then declined in the following year.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 29%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X tons), distantly followed by South Korea (X tons), Thailand (X tons), India (X tons), Taiwan (Chinese) (X tons), Vietnam (X tons) and Turkey (X tons) were the key exporters of polyester tow and staple, not carded, combed or otherwise processed for spinning, together achieving 90% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Turkey (with a CAGR of +14.7%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of exports in 2022, with a combined 59% share of total exports. Thailand, India, Vietnam and Turkey lagged somewhat behind, together accounting for a further 30%.

Turkey, with a CAGR of +13.1%, saw the highest rates of growth with regard to the value of exports, in terms of 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 2022, the export price in Asia amounted to $X per ton, with an increase of 14% against the previous year. Overall, the export price, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2021 when the export price increased by 17% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and Turkey ($X per ton), while China ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-0.5%), while the other leaders experienced a decline in the export price figures.

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

Imports in Asia

Imports of polyester tow and staple, not carded, combed or otherwise processed for spinning shrank markedly to X tons in 2022, which is down by -18.6% on 2021. The total import volume increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 13% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning reduced to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. Over the period under review, imports of attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons), Vietnam (X tons), Pakistan (X tons), Bangladesh (X tons), Indonesia (X tons), China (X tons), India (X tons), Japan (X tons), Israel (X tons), Thailand (X tons) and Nepal (X tons) was the key importer of polyester tow and staple, not carded, combed or otherwise processed for spinning in Asia, achieving 90% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Nepal (with a CAGR of +20.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Vietnam ($X) and Pakistan ($X) were the countries with the highest levels of imports in 2022, with a combined 43% share of total imports. Bangladesh, India, China, Indonesia, Japan, Israel, Thailand and Nepal lagged somewhat behind, together comprising a further 47%.

Nepal, with a CAGR of +15.5%, recorded 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

In 2022, the import price in Asia amounted to $X per ton, picking up by 10% against the previous year. Over the period under review, the import price, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2021 when the import price increased by 20%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Israel ($X per ton) and Turkey ($X per ton), while Pakistan ($X per ton) and Nepal ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (-0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :