Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Thailand - 2024

Contents:

1. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Thailand (CIF) - 2024
2. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Thailand (FOB) - 2024
3. Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Thailand
4. Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Thailand

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Thailand (CIF) - 2024

The average import price for textile fabrics; tyrecord of high tenacity yarn of polyesters stood at $2,423 per ton in March 2024, approximately equating the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in May 2023 an increase of 5.1% against the previous month. Over the period under review, average import prices hit record highs at $2,548 per ton in June 2023; however, from July 2023 to March 2024, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In March 2024, the country with the highest price was Indonesia ($2,939 per ton), while the price for China ($2,350 per ton) was amongst the lowest.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Indonesia (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Thailand (FOB) - 2024

The average export price for textile fabrics; tyrecord of high tenacity yarn of polyesters stood at $2,361 per ton in March 2024, picking up by 9.4% against the previous month. In general, the export price, however, showed a mild contraction. The pace of growth appeared the most rapid in January 2024 when the average export price increased by 112% against the previous month. The export price peaked at $2,916 per ton in March 2023; however, from April 2023 to March 2024, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In March 2024, the country with the highest price was Japan ($4,586 per ton), while the average price for exports to France ($966 per ton) was amongst the lowest.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+10.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Thailand

In 2022, overseas purchases of textile fabrics; tyrecord of high tenacity yarn of polyesters decreased by -20% to 36K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 15%. As a result, imports attained the peak of 46K tons, and then declined markedly in the following year.

In value terms, imports of textile fabrics; tyrecord of high tenacity yarn of polyesters declined notably to $116M in 2022. Overall, total imports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +2.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 62% against the previous year. As a result, imports attained the peak of $149M, and then dropped remarkably in the following year.

Top Suppliers of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester to Thailand in 2022:

1. China (24.6K tons)
2. Vietnam (8.7K tons)
3. South Korea (1.6K tons)
4. Indonesia (1.4K tons)

Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Thailand

In 2022, exports of textile fabrics; tyrecord of high tenacity yarn of polyesters from Thailand soared to 1.9K tons, with an increase of 19% against 2021 figures. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +9.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of textile fabrics; tyrecord of high tenacity yarn of polyesters surged to $4.7M in 2022. In general, total exports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +3.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +105.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester from Thailand in 2022:

1. United States (543.7 tons)
2. Pakistan (437.8 tons)
3. Bangladesh (335.8 tons)
4. China (160.3 tons)
5. Japan (142.3 tons)
6. India (75.3 tons)
7. Turkey (68.0 tons)

Source: IndexBox Market Intelligence Platform