Southern Asia: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in Southern Asia

The South Asian high-tenacity filament polyester yarn market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. 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 Polyesters in Southern Asia

In value terms, high-tenacity filament polyester yarn production totaled $X in 2021 estimated in export price. Overall, production saw a perceptible descent. The pace of growth appeared the most rapid in 2018 with an increase of 28%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports in Southern Asia

High-tenacity filament polyester yarn exports fell slightly to X tons in 2021, waning by -2.8% against the previous year. In general, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 267% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then declined modestly in the following year.

In value terms, high-tenacity filament polyester yarn exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 280% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from India (X tons), together recording 99.9% of total export.

India was also the fastest-growing in terms of the high-tenacity filament yarn of polyesters exports, with a CAGR of +13.8% from 2012 to 2021. From 2012 to 2021, the share of India increased by +4.4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest high-tenacity filament polyester yarn supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India amounted to +9.6%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, rising by 22% against the previous year. Overall, the export price, however, saw a noticeable 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.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -3.7% per year.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports in Southern Asia

In 2021, the amount of high-tenacity filament yarn of polyesters imported in Southern Asia soared to X tons, with an increase of 60% on the previous year's figure. In general, imports posted a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, high-tenacity filament polyester yarn imports soared to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India dominates imports structure, finishing at X tons, which was near 84% of total imports in 2021. Bangladesh (X tons) took the second position in the ranking, followed by Sri Lanka (X tons). All these countries together held approx. 14% share of total imports. Pakistan (X tons) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to high-tenacity filament polyester yarn imports into India stood at +13.8%. At the same time, Pakistan (+31.2%), Sri Lanka (+13.0%) and Bangladesh (+2.8%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +31.2% from 2012-2021. India (+12 p.p.) significantly strengthened its position in terms of the total imports, while Bangladesh saw its share reduced by -11% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported high-tenacity filament yarn of polyesters in Southern Asia, comprising 84% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 9.6% share of total imports. It was followed by Sri Lanka, with a 4.3% share.

In India, high-tenacity filament polyester yarn imports expanded at an average annual rate of +9.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Bangladesh (-4.4% per year) and Sri Lanka (+7.5% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, picking up by 11% against the previous year. In general, the import price, however, saw a noticeable curtailment. The pace of growth was the most pronounced in 2018 when the import price increased by 17% 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.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Pakistan ($X per ton) and India ($X per ton), while Sri Lanka ($X per ton) and Bangladesh ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-3.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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