ASEAN: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in ASEAN

The ASEAN man-made filament yarn market contracted to $X in 2022, which is down by X% against the previous year. In general, consumption recorded a abrupt shrinkage. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Man-Made Filament Yarn Production in ASEAN

In value terms, man-made filament yarn production shrank to $X in 2022 estimated in export price. In general, production showed a abrupt decline. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Man-Made Filament Yarn Exports

Exports in ASEAN

After two years of growth, shipments abroad of man-made filament yarn decreased by X% to X tons in 2022. In general, exports showed 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, the exports attained the peak of X tons, and then shrank in the following year.

In value terms, man-made filament yarn exports rose modestly to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons) and Thailand (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Vietnam (X tons), comprising an X% share of total exports. Malaysia (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

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

Among the main exporting countries, Vietnam, 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 ASEAN stood at $X per ton in 2022, surging by X% against the previous year. Export price indicated a mild expansion 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. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the export price figures.

Man-Made Filament Yarn Imports

Imports in ASEAN

In 2022, the amount of man-made filament yarn imported in ASEAN contracted sharply to X tons, shrinking by X% against the year before. Overall, imports recorded a pronounced decrease. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, man-made filament yarn imports contracted to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Vietnam was the key importer of man-made filament yarn in ASEAN, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by the Philippines (X tons), Thailand (X tons) and Indonesia (X tons), together comprising a X% share of total imports. The following importers - Malaysia (X tons) and Myanmar (X tons) - each amounted to a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to man-made filament yarn imports into Vietnam stood at X%. At the same time, Myanmar (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%), Indonesia (X%) and the Philippines (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) and Myanmar (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Thailand (X p.p.), Indonesia (X p.p.) and the Philippines (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Vietnam stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, 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

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