Eastern Asia: Aramids Staple Market 2025

Aramids Staple Market Size in Eastern Asia

In 2021, the East Asian aramids staple market decreased by -21% to $X, falling for the second year in a row after two years of growth. In general, consumption saw a slight curtailment. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Aramids Staple Production in Eastern Asia

In value terms, aramids staple production stood at $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 10%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Aramids Staple Exports

Exports in Eastern Asia

In 2021, shipments abroad of aramids staple increased by 29% to X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, aramids staple exports soared to $X in 2021. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, South Korea (X tons) was the main exporter of aramids staple, making up 56% of total exports. China (X tons) took the second position in the ranking, distantly followed by Hong Kong SAR (X tons). All these countries together held approx. 40% share of total exports. Japan (X tons) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +14.6%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, South Korea ($X), China ($X) and Hong Kong SAR ($X) were the countries with the highest levels of exports in 2021, with a combined 96% share of total exports.

Among the main exporting countries, South Korea, with a CAGR of +18.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, approximately reflecting the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by 16% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.6%), while the other leaders experienced more modest paces of growth.

Aramids Staple Imports

Imports in Eastern Asia

In 2021, the amount of aramids staple imported in Eastern Asia expanded significantly to X tons, growing by 8.7% on the year before. The total import volume increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by 29%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, aramids staple imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when imports increased by 17% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

China represented the major importing country with an import of about X tons, which accounted for 64% of total imports. Taiwan (Chinese) (X tons) held the second position in the ranking, distantly followed by Hong Kong SAR (X tons), South Korea (X tons) and Japan (X tons). All these countries together held near 36% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to aramids staple imports into China stood at +6.8%. At the same time, Taiwan (Chinese) (+13.6%) and South Korea (+3.9%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +13.6% from 2012-2021. Japan experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-6.8%) illustrated a downward trend over the same period. China (+11 p.p.) and Taiwan (Chinese) (+8.2 p.p.) significantly strengthened its position in terms of the total imports, while Japan and Hong Kong SAR saw its share reduced by -3% and -15.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported aramids staple in Eastern Asia, comprising 60% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 16% share of total imports. It was followed by Hong Kong SAR, with an 11% share.

In China, aramids staple imports increased at an average annual rate of +2.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+10.3% per year) and Hong Kong SAR (-5.5% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, almost unchanged from the previous year. In general, the import price saw a pronounced setback. The pace of growth was the most pronounced in 2018 an increase of 7.7%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Hong Kong SAR ($X per ton) and Taiwan (Chinese) ($X per ton), while China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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