Asia: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in Asia

The Asian man-made filament yarn market reached $X in 2023, with an increase of X% against the previous year. In general, consumption posted a prominent increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Man-Made Filament Yarn Production in Asia

In value terms, man-made filament yarn production totaled $X in 2023 estimated in export price. Over the period under review, production posted a resilient expansion. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Man-Made Filament Yarn Exports

Exports in Asia

In 2023, the amount of man-made filament yarn exported in Asia dropped slightly to X tons, falling by X% on the year before. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, man-made filament yarn exports contracted to $X in 2023. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then declined in the following year.

Exports by Country

In 2023, China (X tons) represented the largest exporter of man-made filament yarn, making up X% of total exports. India (X tons) ranks second in terms of the total exports with a X% share, followed by Turkey (X%). The following exporters - Taiwan (Chinese) (X tons) and Pakistan (X tons) - each resulted at a X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Pakistan (X%) and India (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. By contrast, Taiwan (Chinese) (X%) and Turkey (X%) illustrated a downward trend over the same period. China (X p.p.), India (X p.p.) and Pakistan (X p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) and Turkey saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, China ($X) remains the largest man-made filament yarn supplier in Asia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

In China, man-made filament yarn exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and Turkey (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2023, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Pakistan ($X per ton) was 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 mixed trends in the export price figures.

Man-Made Filament Yarn Imports

Imports in Asia

In 2023, the amount of man-made filament yarn imported in Asia shrank to X tons, reducing by X% against 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, man-made filament yarn imports contracted to $X in 2023. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then dropped in the following year.

Imports by Country

In 2023, Vietnam (X tons) and Turkey (X tons) were the key importers of man-made filament yarn in Asia, together finishing at near X% of total imports. India (X tons) took the next position in the ranking, followed by Bangladesh (X tons), China (X tons), Indonesia (X tons) and Pakistan (X tons). All these countries together took near X% share of total imports. Thailand (X tons), South Korea (X tons), Jordan (X tons), the Philippines (X tons), the United Arab Emirates (X tons) and Sri Lanka (X tons) held a relatively small share of total imports.

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

In value terms, the largest man-made filament yarn importing markets in Asia were Vietnam ($X), India ($X) and Turkey ($X), together comprising X% of total imports. Bangladesh, China, Indonesia, Thailand, South Korea, Sri Lanka, Pakistan, Jordan, the United Arab Emirates and the Philippines lagged somewhat behind, together accounting for a further X%.

Bangladesh, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2023, falling by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

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