Asia-Pacific: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2024

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

After two years of growth, the Asia-Pacific market for polyester tow and staple, not carded, combed or otherwise processed for spinning decreased by X% to $X in 2023. The total consumption indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

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

In value terms, production of polyester tow and staple, not carded, combed or otherwise processed for spinning reduced to $X in 2023 estimated in export price. The total production indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production of reached the peak level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

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

Exports in Asia-Pacific

In 2023, approx. X tons of polyester tow and staple, not carded, combed or otherwise processed for spinning were exported in Asia-Pacific; with an increase of X% compared with the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports of reached the peak figure at X tons in 2021; afterwards, it flattened through to 2023.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning rose to $X in 2023. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports of attained the peak figure at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

China represented the key exporter of polyester tow and staple, not carded, combed or otherwise processed for spinning in Asia-Pacific, with the volume of exports finishing at X tons, which was near X% of total exports in 2023. South Korea (X tons) ranks second in terms of the total exports with a X% share, followed by Thailand (X%), Taiwan (Chinese) (X%), Indonesia (X%), Vietnam (X%) and India (X%).

From 2012 to 2023, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Taiwan (Chinese), Indonesia, India and Vietnam lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to 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 export price in Asia-Pacific stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the export price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in South Korea ($X per ton) and Taiwan (Chinese) ($X per ton), while Vietnam ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced a decline in the export price figures.

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

Imports in Asia-Pacific

In 2023, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning in Asia-Pacific expanded to X tons, surging by X% on 2022 figures. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning contracted slightly to $X in 2023. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

Vietnam was the largest importing country with an import of around X tons, which resulted at X% of total imports. Bangladesh (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (X%), China (X%), Japan (X%) and India (X%). The following importers - Pakistan (X tons), the Philippines (X tons), Thailand (X tons), Nepal (X tons), Malaysia (X tons) and Australia (X tons) - together made up X% of total imports.

Imports into Vietnam increased at an average annual rate of X% from 2012 to 2023. At the same time, Nepal (X%), the Philippines (X%), Japan (X%), Bangladesh (X%), India (X%), Malaysia (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. Australia and China experienced a relatively flat trend pattern. By contrast, Thailand (X%) and Pakistan (X%) illustrated a downward trend over the same period. Bangladesh (X p.p.), Japan (X p.p.), Nepal (X p.p.), India (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam, Thailand, China and Pakistan saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported polyester tow and staple, not carded, combed or otherwise processed for spinning in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Vietnam was relatively modest. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per ton, falling by X% against the previous year. Overall, the import price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform