South-Eastern Asia: Market for High-Tenacity Filament Yarn Of Aramids 2024

Market Size for High-Tenacity Filament Yarn Of Aramids in South-Eastern Asia

The Southeast Asian high-tenacity filament aramids yarn market totaled $X in 2022, surging by 5.5% against the previous year. Over the period under review, consumption enjoyed a prominent expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Production of High-Tenacity Filament Yarn Of Aramids in South-Eastern Asia

In value terms, high-tenacity filament aramids yarn production reached $X in 2022 estimated in export price. Overall, production enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by 40% against the previous year. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports in South-Eastern Asia

After two years of growth, overseas shipments of high-tenacity filament yarn of aramids decreased by -4.2% to X tons in 2022. Over the period under review, exports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2016 with an increase of 235% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, high-tenacity filament aramids yarn exports contracted markedly to $X in 2022. In general, exports showed a noticeable setback. The pace of growth was the most pronounced in 2016 with an increase of 244%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand represented the major exporter of high-tenacity filament yarn of aramids in South-Eastern Asia, with the volume of exports reaching X tons, which was near 68% of total exports in 2022. Vietnam (X tons) took a 15% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (12%) and Malaysia (4.6%).

Exports from Thailand decreased at an average annual rate of -2.1% from 2012 to 2022. At the same time, Malaysia (+2.9%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +2.9% from 2012-2022. By contrast, Indonesia (-3.9%) and Vietnam (-11.2%) illustrated a downward trend over the same period. Thailand (+16 p.p.) and Malaysia (+2.5 p.p.) significantly strengthened its position in terms of the total exports, while Vietnam saw its share reduced by -15.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest high-tenacity filament aramids yarn supplying countries in South-Eastern Asia were Thailand ($X), Indonesia ($X) and Vietnam ($X), with a combined 89% share of total exports. Malaysia lagged somewhat behind, accounting for a further 9.2%.

Malaysia, with a CAGR of +7.2%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, falling by -20.1% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 212%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+11.5%), while the other leaders experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports in South-Eastern Asia

High-tenacity filament aramids yarn imports soared to X tons in 2022, increasing by 53% compared with the previous year's figure. Over the period under review, imports showed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 62% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, high-tenacity filament aramids yarn imports soared to $X in 2022. In general, imports showed a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by 60% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

Indonesia was the key importer of high-tenacity filament yarn of aramids in South-Eastern Asia, with the volume of imports recording X tons, which was approx. 56% of total imports in 2022. Thailand (X tons) held a 29% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (7.5%). The following importers - Malaysia (X tons) and Singapore (X tons) - together made up 7.1% of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +27.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest high-tenacity filament aramids yarn importing markets in South-Eastern Asia were Indonesia ($X), Thailand ($X) and Vietnam ($X), with a combined 95% share of total imports.

Among the main importing countries, Indonesia, with a CAGR of +22.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, which is down by -6.5% against the previous year. Over the period under review, the import price recorded a pronounced decline. The pace of growth was the most pronounced in 2016 when the import price increased by 10%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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