Thailand: Man-Made Filament Fabric Market 2025

Man-Made Filament Fabric Market Size in Thailand

In 2021, after six years of growth, there was decline in the Thai man-made filament fabric market, when its value decreased by -3.6% to $X. Overall, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +49.0% against 2014 indices. Man-made filament fabric consumption peaked at $X in 2020, and then declined modestly in the following year.

Man-Made Filament Fabric Production in Thailand

In value terms, man-made filament fabric production shrank modestly to $X in 2021 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +63.6% against 2016 indices. The pace of growth appeared the most rapid in 2019 with an increase of 36%. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Man-Made Filament Fabric Exports

Exports from Thailand

In 2021, overseas shipments of woven fabrics of man-made filaments and staple fibers were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, saw a deep slump. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, man-made filament fabric exports expanded sharply to $X in 2021. In general, exports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 6.2% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons), Japan (X tons) and Myanmar (X tons) were the main destinations of man-made filament fabric exports from Thailand, together accounting for 47% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of +32.9%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the key foreign market for woven fabrics of man-made filaments and staple fibers exports from Thailand, comprising 21% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 9.1% share of total exports. It was followed by Bhutan, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam stood at +1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (-2.6% per year) and Bhutan (+35.1% per year).

Export Prices by Country

In 2021, the average man-made filament fabric export price amounted to $X per ton, falling by -5.6% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2019 when the average export price increased by 38% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bhutan ($X per ton), while the average price for exports to Australia ($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 Bhutan (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Man-Made Filament Fabric Imports

Imports into Thailand

In 2021, purchases abroad of woven fabrics of man-made filaments and staple fibers increased by 14% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a perceptible downturn. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, man-made filament fabric imports soared to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main supplier of man-made filament fabric to Thailand, accounting for a 152% share of total imports. Moreover, man-made filament fabric imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), sevenfold. Indonesia (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+5.7% per year) and Indonesia (-6.4% per year).

In value terms, China ($X) constituted the largest supplier of woven fabrics of man-made filaments and staple fibers to Thailand, comprising 57% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 7.8% share of total imports. It was followed by Taiwan (Chinese), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+4.9% per year) and Taiwan (Chinese) (-5.0% per year).

Import Prices by Country

In 2021, the average man-made filament fabric import price amounted to $X per ton, picking up by 3.6% against the previous year. Over the period under review, the import price showed a resilient increase. The growth pace was the most rapid in 2019 an increase of 70% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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