ASEAN: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in ASEAN

In 2023, the ASEAN man-made filament yarn market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption, however, saw a pronounced contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Man-Made Filament Yarn Production in ASEAN

In value terms, man-made filament yarn production rose sharply to $X in 2023 estimated in export price. Overall, production, however, showed a perceptible descent. The growth pace was the most rapid in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Man-Made Filament Yarn Exports

Exports in ASEAN

In 2023, shipments abroad of man-made filament yarn decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, showed 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 hit record highs at X tons in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, man-made filament yarn exports reduced to $X in 2023. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of export peaked at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Indonesia (X tons), Thailand (X tons) and Vietnam (X tons) was the main exporter of man-made filament yarn in ASEAN, generating X% of total export.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Indonesia (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest man-made filament yarn supplying countries in ASEAN were Thailand ($X), Vietnam ($X) and Indonesia ($X), together comprising X% of total exports.

Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, waning by X% against the previous year. In general, the export price saw a slight slump. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Man-Made Filament Yarn Imports

Imports in ASEAN

In 2023, the amount of man-made filament yarn imported in ASEAN declined modestly to X tons, dropping by X% against the year before. Over the period under review, imports continue to indicate a slight slump. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, man-made filament yarn imports shrank significantly to $X in 2023. Total imports indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then declined remarkably in the following year.

Imports by Country

Vietnam represented the key importer of man-made filament yarn in ASEAN, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2023. Indonesia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (X%) and the Philippines (X%). The following importers - Cambodia (X tons) and Malaysia (X tons) - each accounted for a X% share of total imports.

Vietnam was also the fastest-growing in terms of the man-made filament yarn imports, with a CAGR of X% from 2012 to 2023. At the same time, Cambodia (X%), Indonesia (X%) and Malaysia (X%) displayed positive paces of growth. By contrast, Thailand (X%) and the Philippines (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Vietnam, Indonesia and Cambodia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported man-made filament yarn in ASEAN, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with an X% share of total imports. It was followed by Thailand, with a X% share.

In Vietnam, man-made filament yarn imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2023, with a decrease of X% against the previous year. Import price indicated a perceptible expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, man-made filament yarn import price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Cambodia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform