Southern Asia: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in Southern Asia

The South Asian synthetic filament tow market contracted modestly to $X in 2021, remaining constant against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Synthetic Filament Tow Production in Southern Asia

In value terms, synthetic filament tow production expanded slightly to $X in 2021 estimated in export price. The total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -26.9% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 64% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Synthetic Filament Tow Exports

Exports in Southern Asia

In 2021, the amount of synthetic filament tow and staple fibers, not carded or combed exported in Southern Asia surged to X tons, with an increase of 28% compared with the year before. Total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +9.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +91.1% against 2015 indices. The growth pace was the most rapid in 2013 when exports increased by 38% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, synthetic filament tow exports skyrocketed to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.0% 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 reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India prevails in exports structure, finishing at X tons, which was near 98% of total exports in 2021. Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to synthetic filament tow exports from India stood at +9.3%. At the same time, Pakistan (+38.8%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +38.8% from 2012-2021. While the share of India (-1.9 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest synthetic filament tow supplier in Southern Asia, comprising 97% of total exports. The second position in the ranking was held by Pakistan ($X), with a 2.1% share of total exports.

In India, synthetic filament tow exports increased at an average annual rate of +4.7% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, surging by 30% against the previous year. Over the period under review, the export price, however, recorded a pronounced decrease. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Pakistan ($X per ton), while India totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (-3.3%).

Synthetic Filament Tow Imports

Imports in Southern Asia

In 2021, approx. X tons of synthetic filament tow and staple fibers, not carded or combed were imported in Southern Asia; increasing by 9.8% on the previous year. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +8.4% 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 +48.0% against 2017 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 26% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, synthetic filament tow imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of synthetic filament tow imports in 2021 were Bangladesh (X tons), Pakistan (X tons) and India (X tons), together accounting for 90% of total import. It was distantly followed by Nepal (X tons), committing an 8.7% share of total imports.

From 2012 to 2021, the biggest increases were in Nepal (with a CAGR of +19.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Bangladesh ($X) and Pakistan ($X) were the countries with the highest levels of imports in 2021, with a combined 91% share of total imports. Nepal lagged somewhat behind, comprising a further 7.9%.

In terms of the main importing countries, Nepal, with a CAGR of +14.4%, 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

The import price in Southern Asia stood at $X per ton in 2021, surging by 28% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decrease. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (-2.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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