China: Metallised Yarn Market 2024

Metallised Yarn Market Size in China

The Chinese metallised yarn market contracted modestly to $X in 2022, shrinking by X% against the previous year. Overall, consumption, however, saw a prominent expansion. Metallised yarn consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Metallised Yarn Production in China

In value terms, metallised yarn production contracted modestly to $X in 2022 estimated in export price. In general, the total production indicated a buoyant expansion from 2012 to 2022: its value 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. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Metallised Yarn Exports

Exports from China

In 2022, metallised yarn exports from China fell to X tons, with a decrease of X% compared with the previous year's figure. Overall, total exports indicated pronounced growth from 2012 to 2022: its volume 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. Based on 2022 figures, exports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, metallised yarn exports dropped modestly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Pakistan (X tons) was the main destination for metallised yarn exports from China, with a X% share of total exports. Moreover, metallised yarn exports to Pakistan exceeded the volume sent to the second major destination, Bangladesh (X tons), threefold. The third position in this ranking was held by Morocco (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Pakistan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (X% per year) and Morocco (X% per year).

In value terms, Pakistan ($X) remains the key foreign market for metallised yarn and strip exports from China, comprising X% of total exports. The second position in the ranking was held by Morocco ($X), with a X% share of total exports. It was followed by Bangladesh, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Pakistan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (X% per year) and Bangladesh (X% per year).

Export Prices by Country

In 2022, the average metallised yarn export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, showed a slight shrinkage. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metallised Yarn Imports

Imports into China

In 2022, purchases abroad of metallised yarn and strip decreased by X% to X tons, falling for the second year in a row after four years of growth. Overall, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, metallised yarn imports reduced rapidly to $X in 2022. Over the period under review, imports recorded a pronounced decline. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the UK (X tons) constituted the largest metallised yarn supplier to China, accounting for a X% share of total imports. Moreover, metallised yarn imports from the UK exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

In value terms, the UK ($X), Japan ($X) and South Korea ($X) constituted the largest metallised yarn suppliers to China, together accounting for X% of total imports. The United States, Taiwan (Chinese), India and Belgium lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metallised yarn import price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, import price indicated a notable 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. Based on 2022 figures, metallised yarn import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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