Thailand: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2025

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

The Thai market for polyester tow and staple, not carded, combed or otherwise processed for spinning skyrocketed to $X in 2022, rising by 20% against the previous year. Overall, consumption posted a resilient expansion. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the near future.

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

In value terms, production of polyester tow and staple, not carded, combed or otherwise processed for spinning contracted modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.2% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 38% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth remained at a somewhat lower figure.

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

Exports from Thailand

In 2022, overseas shipments of polyester tow and staple, not carded, combed or otherwise processed for spinning decreased by -11.9% to X tons, falling for the second consecutive year after nine years of growth. In general, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -15.7% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 24%. Over the period under review, the exports of reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning declined modestly to $X in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when exports increased by 32% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

The United States (X tons), Vietnam (X tons) and Indonesia (X tons) were the main destinations of exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Thailand, with a combined 51% share of total exports. Bangladesh, China, Pakistan, Brazil, India, Mexico, Japan, the Philippines, Australia and Spain lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +66.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Vietnam ($X) and Indonesia ($X) appeared to be the largest markets for polyester tow and staple, not carded, combed or otherwise processed for spinning exported from Thailand worldwide, with a combined 52% share of total exports. Bangladesh, Japan, Pakistan, Brazil, India, China, Mexico, the Philippines, Australia and Spain lagged somewhat behind, together comprising a further 37%.

Among the main countries of destination, Mexico, with a CAGR of +62.0%, saw the highest growth rate of 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

The average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, growing by 13% against the previous year. Overall, the export price, however, showed a perceptible setback. The pace of growth was the most pronounced in 2018 when the average export price increased by 19% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to China ($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 Japan (-0.9%), while the prices for the other major destinations experienced a decline.

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

Imports into Thailand

In 2022, approx. X tons of polyester tow and staple, not carded, combed or otherwise processed for spinning were imported into Thailand; reducing by -6% on 2021 figures. In general, imports recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 16% against the previous year. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning declined modestly to $X in 2022. Overall, imports showed a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 33%. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons) were the main suppliers of imports of polyester tow and staple, not carded, combed or otherwise processed for spinning to Thailand, together comprising 80% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +6.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest polyester tow and staple, not carded, combed or otherwise processed for spinning suppliers to Thailand were China ($X), Taiwan (Chinese) ($X) and South Korea ($X), together accounting for 75% of total imports.

Among the main suppliers, China, with a CAGR of +5.0%, 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 2022, the average import price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, surging by 6.1% against the previous year. In general, the import price, however, recorded a pronounced slump. The growth pace was the most rapid in 2021 an increase of 15% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 Japan ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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