Eastern Asia: Synthetic Yarn Market 2025

Synthetic Yarn Market Size in Eastern Asia

The East Asian synthetic yarn market fell sharply to $X in 2022, waning by X% against the previous year. Over the period under review, consumption recorded a deep slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Synthetic Yarn Production in Eastern Asia

In value terms, synthetic yarn production declined slightly to $X in 2022 estimated in export price. In general, production showed a pronounced contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Synthetic Yarn Exports

Exports in Eastern Asia

In 2022, approx. X tons of yarn of synthetic or artificial staple fibers were exported in Eastern Asia; picking up by X% against the previous year. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, synthetic yarn exports stood at $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

In 2022, China (X tons) represented the major exporter of yarn of synthetic or artificial staple fibers in Eastern Asia, creating X% of total export.

China was also the fastest-growing in terms of the yarn of synthetic or artificial staple fibers exports, with a CAGR of X% from 2012 to 2022. China (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) also remains the largest synthetic yarn supplier in Eastern Asia.

In China, synthetic yarn exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, which is down by X% against the previous year. Overall, the export price saw a perceptible setback. The pace of growth was the most pronounced in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Synthetic Yarn Imports

Imports in Eastern Asia

In 2022, the amount of yarn of synthetic or artificial staple fibers imported in Eastern Asia dropped to X tons, declining by X% against the previous year. In general, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, synthetic yarn imports contracted to $X in 2022. Over the period under review, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Korea (X tons) represented the main importer of yarn of synthetic or artificial staple fibers, constituting X% of total imports. Japan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by China (X%) and Taiwan (Chinese) (X%). Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to synthetic yarn imports into South Korea stood at X%. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%), China (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of Japan (X p.p.), Taiwan (Chinese) (X p.p.) and South Korea (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported yarn of synthetic or artificial staple fibers in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Korea amounted to X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and China (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, saw a perceptible slump. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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