Thailand: Artificial Filament Tow Market 2024

Artificial Filament Tow Market Size in Thailand

The Thai artificial filament tow market dropped dramatically to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a perceptible slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Artificial Filament Tow Exports

Exports from Thailand

Artificial filament tow exports from Thailand surged to X tons in 2022, with an increase of X% compared with 2021. Over the period under review, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, artificial filament tow exports surged to $X in 2022. In general, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Indonesia (X tons) was the main destination for artificial filament tow exports from Thailand, with a X% share of total exports. Moreover, artificial filament tow exports to Indonesia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), more than tenfold. The third position in this ranking was held by Hungary (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Hungary (X% per year).

In value terms, Indonesia ($X) remains the key foreign market for artificial filament tow exports from Thailand, comprising X% of total exports. The second position in the ranking was held by Hungary ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average artificial filament tow export price amounted to $X per ton, falling by X% against the previous year. Overall, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, artificial filament tow export price decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (X%), while the prices for the other major destinations experienced more modest paces of growth.

Artificial Filament Tow Imports

Imports into Thailand

Artificial filament tow imports into Thailand declined markedly to X tons in 2022, waning by X% on 2021 figures. Over the period under review, imports saw a noticeable decrease. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, artificial filament tow imports plummeted to $X in 2022. Overall, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), Japan (X tons) and the United States (X tons) were the main suppliers of artificial filament tow imports to Thailand, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest artificial filament tow suppliers to Thailand were Germany ($X), Japan ($X) and the United States ($X), with a combined X% share of total imports.

The United States, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average artificial filament tow import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a slight setback. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Korea ($X per ton) and Germany ($X per ton), while the price for China ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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