Thailand: Market for High-Tenacity Filament Yarn Of Aramids 2025

Market Size for High-Tenacity Filament Yarn Of Aramids in Thailand

The Thai high-tenacity filament aramids yarn market shrank slightly to $X in 2022, which is down by -4.1% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. High-tenacity filament aramids yarn consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of High-Tenacity Filament Yarn Of Aramids in Thailand

In value terms, high-tenacity filament aramids yarn production dropped modestly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 58%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports from Thailand

For the fifth consecutive year, Thailand recorded growth in overseas shipments of high-tenacity filament yarn of aramids, which increased by 2.1% to X tons in 2022. Overall, exports, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 661% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, high-tenacity filament aramids yarn exports dropped notably to $X in 2022. In general, exports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 1,457%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons), China (X tons) and New Zealand (X tons) were the main destinations of high-tenacity filament aramids yarn exports from Thailand, together comprising 77% of total exports.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +358.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X), New Zealand ($X) and China ($X) appeared to be the largest markets for high-tenacity filament aramids yarn exported from Thailand worldwide, with a combined 67% share of total exports.

In terms of the main countries of destination, China, with a CAGR of +141.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average high-tenacity filament aramids yarn export price stood at $X per ton in 2022, shrinking by -17.5% against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2014 an increase of 430%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to India ($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 Indonesia (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports into Thailand

In 2022, supplies from abroad of high-tenacity filament yarn of aramids decreased by -11.8% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 76% against the previous year. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, high-tenacity filament aramids yarn imports contracted slightly to $X in 2022. Overall, imports, however, showed prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 52%. As a result, imports attained the peak of $X, and then contracted slightly in the following year.

Imports by Country

In 2022, Japan (X tons) constituted the largest supplier of high-tenacity filament aramids yarn to Thailand, accounting for a 74% share of total imports. Moreover, high-tenacity filament aramids yarn imports from Japan exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Japan stood at +31.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+5.2% per year) and China (+14.8% per year).

In value terms, Japan ($X) constituted the largest supplier of high-tenacity filament yarn of aramids to Thailand, comprising 61% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 29% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Japan stood at +25.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+6.2% per year) and China (+7.2% per year).

Import Prices by Country

In 2022, the average high-tenacity filament aramids yarn import price amounted to $X per ton, picking up by 11% against the previous year. Over the period under review, the import price, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 15%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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