Eastern Asia: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in Eastern Asia

The East Asian synthetic filament tow market shrank to $X in 2021, waning by -5.9% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Synthetic Filament Tow Production in Eastern Asia

In value terms, synthetic filament tow production rose to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 11% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Synthetic Filament Tow Exports

Exports in Eastern Asia

Synthetic filament tow exports rose rapidly to X tons in 2021, increasing by 9.8% against 2020. The total export volume increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 14%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, synthetic filament tow exports soared to $X in 2021. Over the period under review, exports, however, saw a slight slump. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) and South Korea (X tons) were the largest exporters of synthetic filament tow and staple fibers, not carded or combed in 2021, amounting to approx. 44% and 36% of total exports, respectively. Taiwan (Chinese) (X tons) took the next position in the ranking, distantly followed by Japan (X tons). All these countries together took approx. 21% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China (with a CAGR of +4.4%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest synthetic filament tow supplying countries in Eastern Asia were China ($X), South Korea ($X) and Japan ($X), together comprising 88% of total exports.

China, with a CAGR of +1.4%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, rising by 12% against the previous year. Overall, the export price, however, saw a perceptible reduction. The pace of growth appeared the most rapid in 2018 an increase of 25% 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.

Prices varied noticeably country of origin: 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 Japan (+0.2%), while the other leaders experienced a decline in the export price figures.

Synthetic Filament Tow Imports

Imports in Eastern Asia

In 2021, overseas purchases of synthetic filament tow and staple fibers, not carded or combed decreased by -6.6% to X tons, falling for the third year in a row after four years of growth. The total import volume increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 20% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, synthetic filament tow imports stood at $X in 2021. Overall, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2017 with an increase of 21%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the major importer of synthetic filament tow and staple fibers, not carded or combed, making up 71% of total imports. It was distantly followed by Japan (X tons) and Taiwan (Chinese) (X tons), together achieving a 23% share of total imports. South Korea (X tons) took a relatively small share of total imports.

China experienced a relatively flat trend pattern with regard to volume of imports of synthetic filament tow and staple fibers, not carded or combed. At the same time, Japan (+9.5%), South Korea (+8.0%) and Taiwan (Chinese) (+7.0%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +9.5% from 2012-2021. Japan (+7.9 p.p.), Taiwan (Chinese) (+2.1 p.p.) and South Korea (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while China saw its share reduced by -7.1% from 2012 to 2021, respectively.

In value terms, China ($X) constitutes the largest market for imported synthetic filament tow and staple fibers, not carded or combed in Eastern Asia, comprising 71% of total imports. The second position in the ranking was held by Japan ($X), with a 16% share of total imports. It was followed by Taiwan (Chinese), with a 6.7% share.

In China, synthetic filament tow imports decreased by an average annual rate of -3.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (+4.5% per year) and Taiwan (Chinese) (+2.0% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, rising by 11% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decline. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-4.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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