ASEAN: Market for Finishing Agents Used In The Textile Industry 2024

Market Size for Finishing Agents Used In The Textile Industry in ASEAN

The ASEAN textile industry finishing agents market rose sharply to $X in 2022, growing by X% against the previous year. The total consumption indicated a strong 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. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the immediate term.

Production of Finishing Agents Used In The Textile Industry in ASEAN

In value terms, textile industry finishing agents production amounted to $X in 2022 estimated in export price. The total production indicated strong 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Finishing Agents Used In The Textile Industry

Exports in ASEAN

In 2022, after two years of growth, there was significant decline in overseas shipments of finishing agents used in the textile industry, when their volume decreased by X% to X tons. Total exports indicated buoyant 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 increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, textile industry finishing agents exports fell slightly to $X in 2022. Total exports indicated a strong 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, exports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then shrank modestly in the following year.

Exports by Country

In 2022, Vietnam (X tons) was the largest exporter of finishing agents used in the textile industry, mixing up X% of total exports. Thailand (X tons) ranks second in terms of the total exports with a X% share, followed by Indonesia (X%) and Malaysia (X%). Singapore (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to textile industry finishing agents exports from Vietnam stood at X%. At the same time, Thailand (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. Indonesia and Singapore experienced a relatively flat trend pattern. While the share of Vietnam (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.), Singapore (X p.p.) and Indonesia (X p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest textile industry finishing agents supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

In Vietnam, textile industry finishing agents exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, increasing by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 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 Singapore ($X per ton), while Malaysia ($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 more modest paces of growth.

Imports of Finishing Agents Used In The Textile Industry

Imports in ASEAN

In 2022, the amount of finishing agents used in the textile industry imported in ASEAN reached X tons, approximately equating 2021 figures. Total imports indicated a prominent expansion 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, imports increased by X% against 2017 indices. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, textile industry finishing agents imports fell modestly to $X in 2022. Total imports indicated buoyant 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 2017 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then fell modestly in the following year.

Imports by Country

In 2022, Thailand (X tons), Vietnam (X tons) and Malaysia (X tons) was the key importer of finishing agents used in the textile industry in ASEAN, generating X% of total import. Singapore (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (X%) and Indonesia (X%). Cambodia (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 Cambodia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest textile industry finishing agents importing markets in ASEAN were Thailand ($X), Vietnam ($X) and Malaysia ($X), with a combined X% share of total imports. Indonesia, Singapore, the Philippines and Cambodia lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Cambodia, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the import price in ASEAN amounted to $X per ton, which is down by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 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 more modest paces of growth.

Source: IndexBox Platform

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