South-Eastern Asia: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2025

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in South-Eastern Asia

In 2021, after three years of decline, there was growth in the Southeast Asian market for other synthetic tow and staple not carded, combed or otherwise processed for spinning, when its value increased by 0.4% to $X. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in South-Eastern Asia

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 28%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

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

Exports in South-Eastern Asia

Exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning fell modestly to X tons in 2021, standing approx. at 2020. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 223% against the previous year. The volume of export peaked at X tons in 2020, and then contracted slightly in the following year.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning expanded sharply to $X in 2021. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 188% against the previous year. Over the period under review, the exports of reached the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Thailand represented the main exporter of other synthetic tow and staple not carded, combed or otherwise processed for spinning in South-Eastern Asia, with the volume of exports finishing at X tons, which was approx. 80% of total exports in 2021. It was distantly followed by Indonesia (X tons), generating a 20% share of total exports.

Exports from Thailand increased at an average annual rate of +47.3% from 2012 to 2021. At the same time, Indonesia (+130.6%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +130.6% from 2012-2021. Indonesia (+19 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -2.8% from 2012 to 2021, respectively.

In value terms, Thailand ($X) remains the largest other synthetic tow and staple not carded, combed or otherwise processed for spinning supplier in South-Eastern Asia, comprising 82% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Thailand amounted to +41.7%.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, rising by 10% against the previous year. Overall, the export price, however, saw a perceptible descent. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Thailand ($X per ton), while Indonesia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-0.4%).

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

Imports in South-Eastern Asia

In 2021, approx. X tons of other synthetic tow and staple not carded, combed or otherwise processed for spinning were imported in South-Eastern Asia; with an increase of 2.7% against the previous year's figure. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +19.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 31% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning expanded sharply to $X in 2021. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 28% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Indonesia (X tons) and Thailand (X tons) were the major importers of other synthetic tow and staple not carded, combed or otherwise processed for spinning in South-Eastern Asia, together committing 66% of total imports. Malaysia (X tons) took an 18% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (11%). Vietnam (X tons) and Myanmar (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of +32.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 88% of total imports. The Philippines, Vietnam and Myanmar lagged somewhat behind, together comprising a further 10%.

In terms of the main importing countries, the Philippines, with a CAGR of +20.2%, recorded 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

In 2021, the import price in South-Eastern Asia amounted to $X per ton, increasing by 3.6% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2017 an increase of 5.8% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Myanmar ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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