Asia: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in Asia

The Asian synthetic filament tow market contracted slightly to $X in 2021, falling by -4.6% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Synthetic Filament Tow Production in Asia

In value terms, synthetic filament tow production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 12% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Synthetic Filament Tow Exports

Exports in Asia

Synthetic filament tow exports rose remarkably to X tons in 2021, with an increase of 13% against 2020. The total export volume increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, synthetic filament tow exports skyrocketed to $X in 2021. In general, 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 remained at a lower figure.

Exports by Country

In 2021, China (X tons) and South Korea (X tons) represented the largest exporters of synthetic filament tow and staple fibers, not carded or combed in Asia, together accounting for approx. 46% of total exports. Thailand (X tons) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by India (9.2%), Taiwan (Chinese) (8.3%), Indonesia (6.3%) and Vietnam (5.2%). Turkey (X tons) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +17.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic filament tow supplying countries in Asia were China ($X), South Korea ($X) and Thailand ($X), together accounting for 54% of total exports. These countries were followed by Taiwan (Chinese), India, Indonesia, Vietnam and Turkey, which together accounted for a further 27%.

Among the main exporting countries, Turkey, with a CAGR of +12.7%, recorded the highest rates of growth with regard to 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 amounted to $X per ton, with an increase of 15% against the previous year. In general, the export price, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2018 an increase of 19% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

After two years of decline, purchases abroad of synthetic filament tow and staple fibers, not carded or combed increased by 4.8% to X tons in 2021. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 8.5% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, synthetic filament tow imports skyrocketed to $X in 2021. Over the period under review, 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 failed to regain momentum.

Imports by Country

In 2021, Vietnam (X tons), China (X tons), Turkey (X tons), Indonesia (X tons), Bangladesh (X tons), Pakistan (X tons) and India (X tons) was the largest importer of synthetic filament tow and staple fibers, not carded or combed in Asia, creating 77% of total import. Japan (X tons), Thailand (X tons), Israel (X tons), Nepal (X tons) and Malaysia (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were in Nepal (with a CAGR of +19.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 46% share of total imports. Indonesia, India, Bangladesh, Pakistan, Japan, Thailand, Israel, Nepal and Malaysia lagged somewhat behind, together comprising a further 44%.

Among the main importing countries, Nepal, with a CAGR of +14.4%, recorded the highest growth rate of the value of imports, 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 stood at $X per ton in 2021, surging by 18% against the previous year. Overall, the import price, however, showed a noticeable setback. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: 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 Israel (-1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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