Eastern Asia: Man-Made Filament Yarn Market 2025

Man-Made Filament Yarn Market Size in Eastern Asia

In 2021, the East Asian man-made filament yarn market decreased by -8.5% to $X, falling for the second year in a row after two years of growth. In general, consumption showed a noticeable reduction. The pace of growth appeared the most rapid in 2016 with an increase of 6.5%. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Man-Made Filament Yarn Production in Eastern Asia

In value terms, man-made filament yarn production reached $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 10% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Man-Made Filament Yarn Exports

Exports in Eastern Asia

In 2021, exports of man-made filament yarn in Eastern Asia surged to X tons, with an increase of 30% on the year before. The total export volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, man-made filament yarn exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, reaching X tons, which was approx. 91% of total exports in 2021. Taiwan (Chinese) (X tons), South Korea (X tons) and Japan (X tons) took a little share of total exports.

China was also the fastest-growing in terms of the man-made filament yarn exports, with a CAGR of +5.6% from 2012 to 2021. Japan (-3.8%), South Korea (-6.7%) and Taiwan (Chinese) (-11.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +20 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest man-made filament yarn supplier in Eastern Asia, comprising 87% of total exports. The second position in the ranking was taken by Japan ($X), with a 7% share of total exports. It was followed by Taiwan (Chinese), with a 3% share.

In China, man-made filament yarn exports increased at an average annual rate of +5.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-0.1% per year) and Taiwan (Chinese) (-9.5% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, picking up by 8.1% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the export price increased by 10% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, 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 Japan (+3.9%), while the other leaders experienced mixed trends in the export price figures.

Man-Made Filament Yarn Imports

Imports in Eastern Asia

In 2021, overseas purchases of man-made filament yarn were finally on the rise to reach X tons after three years of decline. In general, imports, however, continue to indicate a deep contraction. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, man-made filament yarn imports surged to $X in 2021. Overall, imports, however, recorded a abrupt slump. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) represented the main importer of man-made filament yarn, making up 56% of total imports. South Korea (X tons) held a 22% share (based on physical terms) of total imports, which put it in second place, followed by Japan (8.1%), Taiwan (Chinese) (6.7%) and Hong Kong SAR (6.6%).

From 2012 to 2021, average annual rates of growth with regard to man-made filament yarn imports into China stood at -3.3%. South Korea experienced a relatively flat trend pattern. Japan (-2.5%), Taiwan (Chinese) (-9.1%) and Hong Kong SAR (-19.5%) illustrated a downward trend over the same period. China (+13 p.p.), South Korea (+8.2 p.p.) and Japan (+2.3 p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese) and Hong Kong SAR saw its share reduced by -2.3% and -20.1% from 2012 to 2021, respectively.

In value terms, China ($X) constitutes the largest market for imported man-made filament yarn in Eastern Asia, comprising 55% of total imports. The second position in the ranking was held by South Korea ($X), with a 20% share of total imports. It was followed by Japan, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled -5.6%. In the other countries, the average annual rates were as follows: South Korea (-0.2% per year) and Japan (-1.8% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, leveling off at the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the import price increased by 5.5% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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