Thailand: Market for High-Tenacity Filament Yarn Of Polyesters 2024

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

The Thai high-tenacity filament polyester yarn market soared to $X in 2021, increasing by 27% against the previous year. In general, consumption, however, recorded a pronounced decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of High-Tenacity Filament Yarn Of Polyesters in Thailand

In value terms, high-tenacity filament polyester yarn production expanded significantly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 24%. High-tenacity filament polyester yarn production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Thailand

In 2021, approx. X tons of high-tenacity filament yarn of polyesters were exported from Thailand; growing by 22% compared with the previous year's figure. Over the period under review, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 60% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, high-tenacity filament polyester yarn exports soared to $X in 2021. Overall, exports recorded a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 60%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Japan (X tons) was the main destination for high-tenacity filament polyester yarn exports from Thailand, accounting for a 51% share of total exports. Moreover, high-tenacity filament polyester yarn exports to Japan exceeded the volume sent to the second major destination, India (X tons), twofold. China (X tons) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume to Japan totaled +16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+16.9% per year) and China (+9.5% per year).

In value terms, Japan ($X) remains the key foreign market for high-tenacity filament yarn of polyesters exports from Thailand, comprising 48% of total exports. The second position in the ranking was held by India ($X), with a 22% share of total exports. It was followed by China, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan stood at +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+16.4% per year) and China (+8.8% per year).

Export Prices by Country

The average high-tenacity filament polyester yarn export price stood at $X per ton in 2021, with a decrease of -4% against the previous year. Over the period under review, the export price showed a mild downturn. The pace of growth was the most pronounced in 2018 an increase of 7.6%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+4.0%), while the prices for the other major destinations experienced a decline.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Thailand

High-tenacity filament polyester yarn imports into Thailand skyrocketed to X tons in 2021, with an increase of 27% on 2020. In general, imports saw significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 115% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, high-tenacity filament polyester yarn imports surged to $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +12.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 79% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest supplier of high-tenacity filament polyester yarn to Thailand, accounting for a 51% share of total imports. Moreover, high-tenacity filament polyester yarn imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Indonesia totaled +23.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.8% per year) and Taiwan (Chinese) (+32.2% per year).

In value terms, the largest high-tenacity filament polyester yarn suppliers to Thailand were Indonesia ($X), China ($X) and Japan ($X), with a combined 78% share of total imports. These countries were followed by Taiwan (Chinese), Vietnam and South Korea, which together accounted for a further 19%.

Vietnam, with a CAGR of +55.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average high-tenacity filament polyester yarn import price amounted to $X per ton, growing by 3.9% against the previous year. Over the period under review, the import price, however, saw a abrupt slump. The growth pace was the most rapid in 2018 an increase of 12%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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