Asia: Synthetic Yarn Market 2025

Synthetic Yarn Market Size in Asia

The Asian synthetic yarn market fell modestly to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Synthetic Yarn Production in Asia

In value terms, synthetic yarn production shrank to $X in 2022 estimated in export price. In general, production, however, recorded a modest increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Synthetic Yarn Exports

Exports in Asia

In 2022, approx. X tons of yarn of synthetic or artificial staple fibers were exported in Asia; dropping by X% compared with the year before. The total export volume increased at an average annual rate of X% from 2012 to 2022; 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 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, synthetic yarn exports expanded notably to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China represented the largest exporter of yarn of synthetic or artificial staple fibers in Asia, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Indonesia (X tons), India (X tons), Turkey (X tons) and Vietnam (X tons), together mixing up a X% share of total exports. Thailand (X tons) and Nepal (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the yarn of synthetic or artificial staple fibers exports, with a CAGR of X% from 2012 to 2022. At the same time, Turkey (X%) displayed positive paces of growth. Thailand, Nepal and India experienced a relatively flat trend pattern. By contrast, Indonesia (X%) and Vietnam (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while Vietnam and Indonesia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest synthetic yarn supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with an X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced more modest paces of growth.

Synthetic Yarn Imports

Imports in Asia

Synthetic yarn imports shrank slightly to X tons in 2022, waning by X% against the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, synthetic yarn imports fell modestly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of synthetic yarn imports in 2022 were Bangladesh (X tons), India (X tons) and Turkey (X tons), together amounting to X% of total import. It was distantly followed by South Korea (X tons) and Vietnam (X tons), together making up a X% share of total imports. Japan (X tons), Indonesia (X tons), China (X tons), Thailand (X tons), Pakistan (X tons), Malaysia (X tons), Cambodia (X tons) and Uzbekistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Turkey ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. South Korea, Vietnam, Japan, Indonesia, China, Cambodia, Thailand, Pakistan, Malaysia and Uzbekistan lagged somewhat behind, together accounting for a further X%.

Uzbekistan, with a CAGR of X%, 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

The import price in Asia stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, showed a perceptible slump. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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