Eastern Asia: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2025

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Eastern Asia

In 2021, the East Asian market for other synthetic tow and staple not carded, combed or otherwise processed for spinning was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Eastern Asia

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning expanded to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by 11%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

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

Exports in Eastern Asia

For the tenth consecutive year, Eastern Asia recorded growth in shipments abroad of other synthetic tow and staple not carded, combed or otherwise processed for spinning, which increased by 0.4% to X tons in 2021. In general, exports posted a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 19% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning expanded remarkably to $X in 2021. The total export value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 19% against the previous year. Over the period under review, the exports of attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

The shipments of the three major exporters of other synthetic tow and staple not carded, combed or otherwise processed for spinning, namely China, Taiwan (Chinese) and South Korea, represented more than two-thirds of total export. It was distantly followed by Japan (X tons), committing a 12% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by South Korea (with a CAGR of +21.1%), while 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 exports in 2021, with a combined 82% share of total exports.

In terms of the main exporting countries, South Korea, with a CAGR of +17.2%, 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 export price in Eastern Asia stood at $X per ton in 2021, growing by 12% against the previous year. Overall, the export price, however, continues to indicate a pronounced decrease. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-2.0%), while the other leaders experienced a decline in the export price figures.

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

Imports in Eastern Asia

After four years of growth, purchases abroad of other synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by -13.6% to X tons in 2021. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 84% against the previous year. The volume of import peaked at X tons in 2020, and then dropped in the following year.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning dropped to $X in 2021. In general, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 36% against the previous year. Over the period under review, imports of hit record highs at $X in 2020, and then reduced in the following year.

Imports by Country

China dominates spinning structure, accounting for X tons, which was near 88% of total imports in 2021. Japan (X tons) took the second position in the ranking, followed by Taiwan (Chinese) (X tons). All these countries together held approx. 11% share of total imports.

China was also the fastest-growing in terms of the other synthetic tow and staple not carded, combed or otherwise processed for spinning imports, with a CAGR of +24.6% from 2012 to 2021. At the same time, Japan (+13.6%) and Taiwan (Chinese) (+5.6%) displayed positive paces of growth. From 2012 to 2021, the share of China increased by +19 percentage points.

In value terms, China ($X) constitutes the largest market for imported other synthetic tow and staple not carded, combed or otherwise processed for spinning in Eastern Asia, comprising 86% of total imports. The second position in the ranking was taken by Japan ($X), with a 5.9% share of total imports.

In China, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning expanded at an average annual rate of +10.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+6.7% per year) and Taiwan (Chinese) (-0.5% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, remaining constant against the previous year. Overall, the import price, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 an increase of 2.1% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-5.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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