South-Eastern Asia: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in South-Eastern Asia

The Southeast Asian synthetic filament tow market shrank to $X in 2021, with a decrease of -10% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Synthetic Filament Tow Production in South-Eastern Asia

In value terms, synthetic filament tow production declined slightly to $X in 2021 estimated in export price. The total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +60.5% against 2012 indices. The pace of growth appeared the most rapid in 2017 with an increase of 16% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then declined in the following year.

Synthetic Filament Tow Exports

Exports in South-Eastern Asia

In 2021, approx. X tons of synthetic filament tow and staple fibers, not carded or combed were exported in South-Eastern Asia; surging by 10% compared with the previous year's figure. Over the period under review, exports saw prominent growth. The pace of growth was the most pronounced in 2018 with an increase of 24% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, synthetic filament tow exports surged to $X in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand was the major exporting country with an export of about X tons, which accounted for 42% of total exports. Indonesia (X tons) ranks second in terms of the total exports with a 23% share, followed by Vietnam (20%) and Malaysia (15%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Indonesia (with a CAGR of +15.9%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the largest synthetic filament tow supplier in South-Eastern Asia, comprising 44% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 21% share of total exports. It was followed by Indonesia, with a 20% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Thailand amounted to +2.8%. In the other countries, the average annual rates were as follows: Malaysia (+9.1% per year) and Indonesia (+11.5% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, growing by 20% against the previous year. Over the period under review, the export price, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2017 an increase of 21% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Malaysia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+1.2%), while the other leaders experienced a decline in the export price figures.

Synthetic Filament Tow Imports

Imports in South-Eastern Asia

In 2021, supplies from abroad of synthetic filament tow and staple fibers, not carded or combed was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by 23% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, synthetic filament tow imports skyrocketed to $X in 2021. In general, imports, however, saw a mild setback. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Vietnam (X tons) represented the major importer of synthetic filament tow and staple fibers, not carded or combed, committing 52% of total imports. It was distantly followed by Indonesia (X tons), Thailand (X tons) and Malaysia (X tons), together mixing up a 44% share of total imports. The Philippines (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 Vietnam (with a CAGR of +3.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 90% share of total imports. These countries were followed by Malaysia and the Philippines, which together accounted for a further 9%.

In terms of the main importing countries, the Philippines, with a CAGR of +1.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, picking up by 19% against the previous year. Over the period under review, the import price, however, recorded a noticeable decline. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Thailand ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (-1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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