Thailand: Aramids Staple Market 2025

Aramids Staple Market Size in Thailand

In 2021, the Thai aramids staple market decreased by -3% to $X, falling for the second consecutive year after two years of growth. Overall, consumption continues to indicate a abrupt downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Aramids Staple Production in Thailand

In value terms, aramids staple production rose modestly to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 21%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Aramids Staple Exports

Exports from Thailand

In 2021, the amount of aramids staple exported from Thailand rose rapidly to X tons, growing by 11% on 2020 figures. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 853% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; afterwards, it flattened through to 2021.

In value terms, aramids staple exports totaled $X in 2021. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 669% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons), the United States (X tons) and China (X tons) were the main destinations of aramids staple exports from Thailand, together comprising 78% of total exports. These countries were followed by India, Japan and the United Arab Emirates, which together accounted for a further 21%.

From 2013 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +170.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aramids staple exported from Thailand were the Netherlands ($X), the United States ($X) and China ($X), together accounting for 83% of total exports. India, Japan and the United Arab Emirates lagged somewhat behind, together accounting for a further 17%.

Among the main countries of destination, Japan, with a CAGR of +143.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average aramids staple export price amounted to $X per ton, reducing by -1.6% against the previous year. In general, the export price saw a deep setback. The most prominent rate of growth was recorded in 2019 an increase of 37% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+12.2%), while the prices for the other major destinations experienced mixed trend patterns.

Aramids Staple Imports

Imports into Thailand

Aramids staple imports into Thailand surged to X tons in 2021, jumping by 42% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a mild slump. The growth pace was the most rapid in 2014 when imports increased by 50% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, aramids staple imports surged to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest aramids staple supplier to Thailand, accounting for a 68% share of total imports. Moreover, aramids staple imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands stood at +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-14.9% per year) and China (+89.7% per year).

In value terms, the Netherlands ($X), Japan ($X) and China ($X) appeared to be the largest aramids staple suppliers to Thailand, with a combined 100% share of total imports.

Among the main suppliers, China, with a CAGR of +97.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average aramids staple import price amounted to $X per ton, increasing by 2.4% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2013 an increase of 42%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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