China: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2024

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

The Chinese market for polyester tow and staple, not carded, combed or otherwise processed for spinning reduced to $X in 2022, falling by -8% against the previous year. Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -13.5% against 2019 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 China

In value terms, production of polyester tow and staple, not carded, combed or otherwise processed for spinning shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 29% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth remained at a somewhat lower figure.

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

Exports from China

In 2022, overseas shipments of polyester tow and staple, not carded, combed or otherwise processed for spinning increased by 7.3% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 22% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2018; afterwards, it flattened through to 2022.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning soared to $X in 2022. The total export value increased at an average annual rate of +1.6% over the period 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 2021 when exports increased by 38% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons), Pakistan (X tons) and Indonesia (X tons) were the main destinations of exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from China, with a combined 32% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +17.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyester tow and staple, not carded, combed or otherwise processed for spinning exported from China were Vietnam ($X), Pakistan ($X) and Indonesia ($X), with a combined 31% share of total exports.

Among the main countries of destination, Vietnam, with a CAGR of +13.5%, saw 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

The average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, increasing by 8.9% against the previous year. Overall, the export price, however, showed a perceptible descent. The growth pace was the most rapid in 2021 when the average export price increased by 18% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to India ($X per ton) and Bangladesh ($X per ton), while the average price for exports to the United States ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (-2.1%), while the prices for the other major destinations experienced a decline.

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

Imports into China

In 2022, purchases abroad of polyester tow and staple, not carded, combed or otherwise processed for spinning decreased by -44.8% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, imports saw a noticeable curtailment. The growth pace was the most rapid in 2017 with an increase of 26% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning contracted dramatically to $X in 2022. In general, imports recorded a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 37% against the previous year. 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

South Korea (X tons), Thailand (X tons) and Vietnam (X tons) were the main suppliers of imports of polyester tow and staple, not carded, combed or otherwise processed for spinning to China, together comprising 64% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +56.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of polyester tow and staple, not carded, combed or otherwise processed for spinning to China, comprising 34% of total imports. The second position in the ranking was taken by Thailand ($X), with a 14% share of total imports. It was followed by Japan, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea totaled -8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+11.2% per year) and Japan (-7.7% per year).

Import Prices by Country

The average import price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, picking up by 14% against the previous year. Overall, the import price, however, continues to indicate a perceptible contraction. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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