Japan: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in Japan

The Japanese man-made filament yarn market expanded notably to $X in 2021, with an increase of 6.6% against the previous year. Overall, consumption, however, showed a slight reduction. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Man-Made Filament Yarn Production in Japan

In value terms, man-made filament yarn production totaled $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 16% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Man-Made Filament Yarn Exports

Exports from Japan

In 2021, approx. X tons of man-made filament yarn were exported from Japan; dropping by -21.8% compared with 2020. Overall, exports recorded a pronounced setback. The pace of growth was the most pronounced in 2018 when exports increased by 33%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, man-made filament yarn exports dropped sharply to $X in 2021. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 38%. Over the period under review, the exports attained the maximum at $X in 2020, and then reduced remarkably in the following year.

Exports by Country

China (X tons), Thailand (X tons) and the Netherlands (X tons) were the main destinations of man-made filament yarn exports from Japan, together comprising 63% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +137.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for man-made filament yarn exported from Japan were the Netherlands ($X), China ($X) and Thailand ($X), together accounting for 48% of total exports.

The Netherlands, with a CAGR of +98.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average man-made filament yarn export price amounted to $X per ton, with an increase of 4.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.9%. The growth pace was the most rapid in 2016 an increase of 20% against the previous year. The export price peaked at $X per ton in 2019; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to China ($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 Taiwan (Chinese) (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Man-Made Filament Yarn Imports

Imports into Japan

In 2021, after two years of decline, there was significant growth in purchases abroad of man-made filament yarn, when their volume increased by 16% to X tons. Over the period under review, imports, however, saw a pronounced curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 39% against the previous year. Imports 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 skyrocketed to $X in 2021. In general, imports, however, saw a mild curtailment. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest man-made filament yarn supplier to Japan, accounting for a 65% share of total imports. Moreover, man-made filament yarn imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fourfold. India (X tons) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+7.6% per year) and India (+36.1% per year).

In value terms, China ($X) constituted the largest supplier of man-made filament yarn to Japan, comprising 66% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 12% share of total imports. It was followed by the United States, with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-1.4% per year) and the United States (-5.3% per year).

Import Prices by Country

In 2021, the average man-made filament yarn import price amounted to $X per ton, surging by 13% against the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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