Eastern Asia: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in Eastern Asia

In 2021, the East Asian high-tenacity filament polyester yarn market decreased by -16.9% to $X, falling for the third year in a row after two years of growth. In general, consumption continues to indicate a noticeable downturn. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of High-Tenacity Filament Yarn Of Polyesters in Eastern Asia

In value terms, high-tenacity filament polyester yarn production rose markedly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 17% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports in Eastern Asia

In 2021, shipments abroad of high-tenacity filament yarn of polyesters increased by 27% to X tons for the first time since 2018, thus ending a two-year declining trend. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, 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, high-tenacity filament polyester yarn exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, recording X tons, which was near 82% of total exports in 2021. South Korea (X tons) took a 9.1% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (7.5%).

China was also the fastest-growing in terms of the high-tenacity filament yarn of polyesters exports, with a CAGR of +9.2% from 2012 to 2021. At the same time, Taiwan (Chinese) (+1.6%) displayed positive paces of growth. By contrast, South Korea (-1.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +15 percentage points.

In value terms, China ($X) remains the largest high-tenacity filament polyester yarn supplier in Eastern Asia, comprising 74% of total exports. The second position in the ranking was taken by South Korea ($X), with an 11% share of total exports.

In China, high-tenacity filament polyester yarn exports expanded at an average annual rate of +4.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (-3.9% per year) and Taiwan (Chinese) (-1.8% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, surging by 10% against the previous year. In general, the export price, however, saw a pronounced decline. The growth pace was the most rapid in 2018 when the export price increased by 15% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while China ($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 (-2.5%), while the other leaders experienced a decline in the export price figures.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports in Eastern Asia

In 2021, high-tenacity filament polyester yarn imports in Eastern Asia skyrocketed to X tons, picking up by 52% compared with the year before. Overall, imports posted buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, high-tenacity filament polyester yarn imports skyrocketed to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, South Korea (X tons) and China (X tons) were the major importers of high-tenacity filament yarn of polyesters in Eastern Asia, together accounting for near 73% of total imports. Japan (X tons) ranks next in terms of the total imports with a 16% share, followed by Taiwan (Chinese) (9.4%).

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +12.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 88% of total imports.

Japan, with a CAGR of +8.4%, saw the highest rates of growth with regard to 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 Eastern Asia stood at $X per ton in 2021, dropping by -3.4% against the previous year. Over the period under review, the import price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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