Japan: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2024

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

After two years of decline, the Japanese market for other synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 6.6% to $X in 2021. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning expanded markedly to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 13%. Over the period under review, production of attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

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

Exports from Japan

Exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Japan declined to X tons in 2021, which is down by -3.3% against the year before. In general, exports saw a mild downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 14% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning reached $X in 2021. Overall, exports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of 15%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Japan, accounting for a 25% share of total exports. Moreover, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning to China exceeded the volume sent to the second major destination, Indonesia (X tons), twofold. Belgium (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to China totaled -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+7.8% per year) and Belgium (+3.0% per year).

In value terms, China ($X) remains the key foreign market for other synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Japan, comprising 34% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 8.7% share of total exports. It was followed by Germany, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value to China stood at -3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+6.9% per year) and Germany (-4.4% per year).

Export Prices by Country

The average export price for other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, increasing by 7.8% against the previous year. In general, the export price, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2018 an increase of 17% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Japan

Imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning into Japan amounted to X tons in 2021, stabilizing at 2020 figures. Overall, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 69% against the previous year. Over the period under review, imports of reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -7.5% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 52% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Thailand (X tons), Indonesia (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Japan, with a combined 71% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +315.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest other synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to Japan were Thailand ($X), Indonesia ($X) and China ($X), with a combined 64% share of total imports.

Indonesia, with a CAGR of +338.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for other synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2018 an increase of 26%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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