South-Eastern Asia: Market for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides 2024

Market Size for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in South-Eastern Asia

The Southeast Asian high-tenacity filament nylon yarn market surged to $X in 2022, rising by 41% against the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +58.4% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in South-Eastern Asia

In value terms, high-tenacity filament nylon yarn production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period 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 2019 with an increase of 30% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Exports in South-Eastern Asia

In 2022, overseas shipments of high-tenacity filament yarn of nylon or other polyamides decreased by -11.6% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, exports, however, posted prominent growth. The pace of growth was the most pronounced in 2019 with an increase of 44%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then fell in the following year.

In value terms, high-tenacity filament nylon yarn exports stood at $X in 2022. Overall, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 65% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Thailand (X tons) and Vietnam (X tons) represented the largest exporters of high-tenacity filament yarn of nylon or other polyamides in 2022, recording approx. 46% and 35% of total exports, respectively. It was distantly followed by Indonesia (X tons), creating a 19% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Thailand (with a CAGR of +20.3%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Thailand ($X), Vietnam ($X) and Indonesia ($X) constituted the countries with the highest levels of exports in 2022, together comprising 99% of total exports.

Thailand, with a CAGR of +23.1%, recorded 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, growing by 19% against the previous year. Export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, high-tenacity filament nylon yarn export price increased by +44.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when the export price increased by 22% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Vietnam ($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 (+5.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Imports in South-Eastern Asia

In 2022, approx. X tons of high-tenacity filament yarn of nylon or other polyamides were imported in South-Eastern Asia; which is down by -4.4% against the previous year. Overall, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2017 when imports increased by 41%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, high-tenacity filament nylon yarn imports amounted to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 58%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Vietnam (X tons) and Thailand (X tons) represented roughly 76% of total imports in 2022. Indonesia (X tons) ranks next in terms of the total imports with a 13% share, followed by Myanmar (7.1%). The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of +52.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Vietnam ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2022, with a combined 92% share of total imports. Myanmar and the Philippines lagged somewhat behind, together comprising a further 7.3%.

Among the main importing countries, Myanmar, with a CAGR of +44.7%, saw the highest rates of growth with regard to 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, surging by 8.7% against the previous year. Overall, the import price, however, saw a mild decline. The growth pace was the most rapid in 2021 when the import price increased by 31% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while Myanmar ($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 (+3.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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