Eastern Asia: Artificial Filament Tow Market 2024

Artificial Filament Tow Market Size in Eastern Asia

In 2022, the East Asian artificial filament tow market increased by X% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption, however, continues to indicate a noticeable descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Artificial Filament Tow Production in Eastern Asia

In value terms, artificial filament tow production fell slightly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Artificial Filament Tow Exports

Exports in Eastern Asia

In 2022, the amount of artificial filament tow exported in Eastern Asia reached X tons, surging by X% compared with 2021 figures. Over the period under review, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, artificial filament tow exports soared to $X in 2022. In general, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China was the largest exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by South Korea (X tons), committing a X% share of total exports.

China was also the fastest-growing in terms of the artificial filament tow exports, with a CAGR of X% from 2012 to 2022. South Korea (X%) illustrated a downward trend over the same period. China (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest artificial filament tow supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China totaled X%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, continues to indicate a mild contraction. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while South Korea stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Artificial Filament Tow Imports

Imports in Eastern Asia

In 2022, purchases abroad of artificial filament tow decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, artificial filament tow imports amounted to $X in 2022. Overall, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Korea (X tons) was the largest importer of artificial filament tow, making up X% of total imports. China (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%) and Hong Kong SAR (X%). The following importers - Democratic People's Republic of Korea (X tons) and Japan (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Democratic People's Republic of Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest artificial filament tow importing markets in Eastern Asia were South Korea ($X), China ($X) and Taiwan (Chinese) ($X), together accounting for X% of total imports. Hong Kong SAR, Democratic People's Republic of Korea and Japan lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Democratic People's Republic of Korea, with a CAGR of X%, saw 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 Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Japan ($X per ton) and China ($X per ton), while Democratic People's Republic of Korea ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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