Thailand: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Thailand

In 2021, the Thai market for other synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by -1.2% to $X, falling for the fourth year in a row after four years of growth. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Thailand

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning expanded to $X in 2021 estimated in export price. Over the period under review, the total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% 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 -10.4% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 48%. As a result, production attained the peak level of $X. From 2018 to 2021, production of growth failed to regain momentum.

Exports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Thailand

Exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Thailand rose sharply to X tons in 2021, picking up by 8.7% on the year before. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 225% against the previous year. Over the period under review, the exports of attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. In general, exports showed significant growth. The pace of growth was the most pronounced in 2015 with an increase of 174% against the previous year. Over the period under review, the exports of reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons), China (X tons) and Japan (X tons) were the main destinations of exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Thailand, with a combined 78% share of total exports. These countries were followed by Indonesia, Malaysia and Mexico, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +217.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Japan ($X) were the largest markets for other synthetic tow and staple not carded, combed or otherwise processed for spinning exported from Thailand worldwide, with a combined 79% share of total exports. Indonesia, Malaysia and Mexico lagged somewhat behind, together accounting for a further 18%.

Malaysia, with a CAGR of +226.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, surging by 9.2% against the previous year. In general, the export price, however, saw a perceptible setback. The pace of growth was the most pronounced in 2019 an increase of 9.6% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, the highest price was recorded for prices to Malaysia ($X per ton) and the United States ($X per ton), while the average price for exports to Indonesia ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Thailand

Imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning into Thailand shrank slightly to X tons in 2021, falling by -4.3% compared with the previous year's figure. In general, total imports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +9.1% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 45% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning totaled $X in 2021. Overall, imports showed a perceptible setback. The most prominent rate of growth was recorded in 2013 with an increase of 37%. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Thailand, with a 58% share of total imports. Moreover, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. The third position in this ranking was held by Japan (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+81.8% per year) and Japan (+6.6% per year).

In value terms, China ($X) constituted the largest supplier of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Thailand, comprising 59% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 18% share of total imports. It was followed by Japan, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+81.7% per year) and Japan (+2.1% per year).

Import Prices by Country

In 2021, the average import price for other synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, increasing by 7.3% against the previous year. Over the period under review, the import price, however, showed a perceptible contraction. Over the period under review, average import prices reached the peak figure 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 Taiwan (Chinese) (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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