Vietnam: Artificial Filament Tow Market 2024

Artificial Filament Tow Market Size in Vietnam

The Vietnamese artificial filament tow market declined to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a mild contraction. Artificial filament tow consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Artificial Filament Tow Exports

Exports from Vietnam

In 2022, overseas shipments of artificial filament tow decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at X tons in 2021, and then shrank markedly in the following year.

In value terms, artificial filament tow exports reduced rapidly to $X in 2022. Overall, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at $X in 2021, and then shrank markedly in the following year.

Exports by Country

Singapore (X tons) was the main destination for artificial filament tow exports from Vietnam, with a X% share of total exports. Moreover, artificial filament tow exports to Singapore exceeded the volume sent to the second major destination, Indonesia (X tons), threefold. Myanmar (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Myanmar (X% per year).

In value terms, Singapore ($X) emerged as the key foreign market for artificial filament tow exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by Myanmar ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the average artificial filament tow export price amounted to $X per ton, approximately mirroring the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, artificial filament tow export price decreased by X% against 2015 indices. The growth pace was the most rapid in 2013 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while the average price for exports to Hong Kong SAR ($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 (X%), while the prices for the other major destinations experienced mixed trend patterns.

Artificial Filament Tow Imports

Imports into Vietnam

In 2022, approx. X tons of artificial filament tow were imported into Vietnam; waning by X% on the previous year's figure. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2021, and then reduced modestly in the following year.

In value terms, artificial filament tow imports fell to $X in 2022. In general, imports continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X tons), the United States (X tons) and Singapore (X tons) were the main suppliers of artificial filament tow imports to Vietnam, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest artificial filament tow suppliers to Vietnam were Japan ($X), the United States ($X) and Singapore ($X), with a combined X% share of total imports.

In terms of the main suppliers, Japan, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average artificial filament tow import price stood at $X per ton in 2022, stabilizing at the previous year. Overall, the import price continues to indicate a mild setback. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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