Southern Asia: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in Southern Asia

The South Asian man-made filament yarn market soared to $X in 2022, increasing by X% against the previous year. Overall, consumption posted strong growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Man-Made Filament Yarn Production in Southern Asia

In value terms, man-made filament yarn production rose to $X in 2022 estimated in export price. In general, production showed a resilient expansion. The growth pace was the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Man-Made Filament Yarn Exports

Exports in Southern Asia

After ten years of growth, shipments abroad of man-made filament yarn decreased by X% to X tons in 2022. Over the period under review, exports, however, saw a strong increase. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then shrank rapidly in the following year.

In value terms, man-made filament yarn exports declined rapidly to $X in 2022. Overall, exports, however, posted a buoyant expansion. 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, and then reduced sharply in the following year.

Exports by Country

India dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Pakistan (X tons), committing an X% share of total exports.

Exports from India increased at an average annual rate of X% from 2012 to 2022. At the same time, Pakistan (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. Pakistan (X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by X% from 2012 to 2022, respectively.

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

In India, man-made filament yarn exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price, however, showed a pronounced decrease. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Man-Made Filament Yarn Imports

Imports in Southern Asia

In 2022, the amount of man-made filament yarn imported in Southern Asia dropped slightly to X tons, waning by X% compared with 2021 figures. Over the period under review, imports, however, saw prominent growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then shrank slightly in the following year.

In value terms, man-made filament yarn imports reached $X in 2022. Total imports indicated temperate growth 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Bangladesh (X tons) and India (X tons) were the major importers of man-made filament yarn in 2022, accounting for near X% and X% of total imports, respectively. Pakistan (X tons) ranks next in terms of the total imports with a X% share, followed by Sri Lanka (X%). Nepal (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bangladesh (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Bangladesh ($X) and Sri Lanka ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Bangladesh, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 Southern Asia stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2015 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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