Eastern Asia: Spun Yarn Market 2021

Spun Yarn Market Size in Eastern Asia

In 2019, after three years of growth, there was significant decline in the East Asian spun yarn market, when its value decreased by -X% to $X. In general, consumption, however, recorded resilient growth. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. The level of consumption peaked at $X in 2018, and then reduced in the following year.

Spun Yarn Production in Eastern Asia

In value terms, spun yarn production declined to $X in 2019 estimated in export prices. The total production indicated a moderate expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018, and then fell in the following year.

Production By Country in Eastern Asia

China (X tons) remains the largest spun yarn producing country in Eastern Asia, comprising approx. X% of total volume.

From 2007 to 2019, the average annual growth rate of volume in China was relatively modest.

Spun Yarn Exports

Exports in Eastern Asia

After six years of decline, overseas shipments of yarn spun from silk waste increased by X% to X tons in 2019. Overall, exports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tons in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, spun yarn exports amounted to $X in 2019. Over the period under review, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. The level of export peaked at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

In 2019, China (X tons) represented the largest exporter of yarn spun from silk waste in Eastern Asia, generating X% of total export.

China was also the fastest-growing in terms of the yarn spun from silk waste exports, with a CAGR of -X% from 2007 to 2019. While the share of China (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest spun yarn supplier in Eastern Asia.

In China, spun yarn exports contracted by an average annual rate of -X% over the period from 2007-2019.

Export Prices by Country

The spun yarn export price in Eastern Asia stood at $X per ton in 2019, falling by -X% against the previous year. Export price indicated notable growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of export peaked at $X per ton in 2018, and then dropped in the following year.

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

From 2007 to 2019, the rate of growth in terms of prices for China amounted to +X% per year.

Spun Yarn Imports

Imports in Eastern Asia

In 2019, the amount of yarn spun from silk waste imported in Eastern Asia fell to X tons, shrinking by -X% compared with 2018. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, spun yarn imports declined to $X in 2019. In general, imports saw a deep downturn. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Japan (X tons) represented the largest importer of yarn spun from silk waste, making up X% of total imports. It was distantly followed by China (X tons) and Hong Kong SAR (X tons), together mixing up a X% share of total imports.

Japan was also the fastest-growing in terms of the yarn spun from silk waste imports, with a CAGR of -X% from 2007 to 2019. China (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of Japan (+X p.p.) and China (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of Hong Kong SAR (-X p.p.) displayed negative dynamics.

In value terms, Japan ($X) constitutes the largest market for imported yarn spun from silk waste in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total imports.

In Japan, spun yarn imports plunged by an average annual rate of -X% over the period from 2007-2019. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (-X% per year) and China (-X% per year).

Import Prices by Country

In 2019, the spun yarn import price in Eastern Asia amounted to $X per ton, which is down by -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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