Asia: Artificial Filament Tow Market 2024

Artificial Filament Tow Market Size in Asia

In 2023, the Asian artificial filament tow market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Artificial Filament Tow Production in Asia

In value terms, artificial filament tow production declined slightly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2023, production growth remained at a lower figure.

Artificial Filament Tow Exports

Exports in Asia

In 2023, approx. X tons of artificial filament tow were exported in Asia; surging by X% on the previous year. In general, exports, however, recorded a deep downturn. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, artificial filament tow exports skyrocketed to $X in 2023. Over the period under review, exports, however, recorded a noticeable slump. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

China was the key exporter of artificial filament tow in Asia, with the volume of exports reaching X tons, which was approx. X% of total exports in 2023. South Korea (X tons) held the second position in the ranking, distantly followed by Singapore (X tons). All these countries together held approx. X% share of total exports. Turkey (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Turkey (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. By contrast, South Korea (X%) illustrated a downward trend over the same period. China (X p.p.), Singapore (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest artificial filament tow supplier in Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

In China, artificial filament tow exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, growing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the export price figures.

Artificial Filament Tow Imports

Imports in Asia

In 2023, the amount of artificial filament tow imported in Asia shrank to X tons, dropping by X% on 2022 figures. In general, imports showed a noticeable reduction. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, artificial filament tow imports expanded sharply to $X in 2023. Overall, imports saw a perceptible decrease. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Indonesia (X tons), distantly followed by Turkey (X tons), Vietnam (X tons), India (X tons), the United Arab Emirates (X tons), the Philippines (X tons) and South Korea (X tons) represented the key importers of artificial filament tow, together making up X% of total imports. Pakistan (X tons), China (X tons), Thailand (X tons), Singapore (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

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

In value terms, Indonesia ($X), Turkey ($X) and India ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports. The Philippines, Vietnam, South Korea, the United Arab Emirates, China, Thailand, Pakistan, Singapore and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, the United Arab Emirates, 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 import price in Asia stood at $X per ton in 2023, with an increase of X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform