Asia: Synthetic Staple Fibre Market 2020

Synthetic Staple Fibre Market Size in Asia

The revenue of the synthetic staple fibre market in Asia amounted to $X in 2017, leveling off at the previous year. The total market indicated a remarkable expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the synthetic staple fibre consumption decreased by -X% against 2013 indices. The most prominent rate of growth was recorded in 2010, when it surged by X% against the previous year. The level of synthetic staple fibre consumption peaked of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Synthetic Staple Fibre Production in Asia

The synthetic staple fibre production amounted to X tons in 2017, falling by -X% against the previous year. The synthetic staple fibre production continues to indicate an abrupt setback. The pace of growth was the most pronounced in 2015, when the output figure increased by X% year-to-year. The volume of synthetic staple fibre production peaked of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Synthetic Staple Fibre Exports in Asia

In 2017, the amount of synthetic staple fibres exported in Asia totaled X tons, reducing by -X% against the previous year. The synthetic staple fibre exports continue to indicate a drastic slump. The pace of growth was the most pronounced in 2010, with an increase of X% y-o-y. Over the period under review, the synthetic staple fibre exports attained its maximum volume of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, synthetic staple fibre exports totaled $X in 2017. The synthetic staple fibre exports continue to indicate a temperate contraction. The level of exports peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Synthetic Staple Fibre Exports by Country in Asia

Turkey (X tons) and China (X tons) were the largest exporters of synthetic staple fibres in 2017, recording approx. X% and X% of total exports, respectively. It was distantly followed by Thailand (X tons) and Taiwan, Chinese (X tons), together making up X% share of total exports. South Korea (X tons), Saudi Arabia (X tons), China, Hong Kong SAR (X tons), Nepal (X tons), Vietnam (X tons) and Japan (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Vietnam (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic staple fibre markets worldwide were Turkey ($X), China ($X) and Taiwan, Chinese ($X), with a combined X% share of total exports. Thailand, China, Hong Kong SAR, Japan, Nepal, Saudi Arabia, South Korea and Vietnam lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries , Vietnam (+X% per year) experienced the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Synthetic Staple Fibre Export Prices by Country in Asia

The synthetic staple fibre export price in Asia stood at $X per ton in 2017, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017, when it surged by X% y-o-y. Over the period under review, the export prices for synthetic staple fibres reached its peak figure level of $X per ton in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China (+X% per year), while the other leaders experienced more modest paces of growth.

Synthetic Staple Fibre Imports in Asia

In 2017, synthetic staple fibre imports in Asia totaled X tons, going down by -X% against the previous year. The synthetic staple fibre imports continue to indicate an abrupt decline. The most prominent rate of growth was recorded in 2013, when imports increased by X% y-o-y. Over the period under review, the synthetic staple fibre imports attained its maximum volume of X tons in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, synthetic staple fibre imports amounted to $X in 2017. The synthetic staple fibre imports continue to indicate a significant deduction. Over the period under review, the synthetic staple fibre imports attained its maximum level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Synthetic Staple Fibre Imports by Country in Asia

In 2017, Indonesia (X tons) represented the major importer for synthetic staple fibres, achieving X% of total imports. It was distantly followed by Turkey (X tons), China (X tons), Vietnam (X tons) and Malaysia (X tons), together comprising X% share of total imports. Pakistan (X tons), Syrian Arab Republic (X tons), China, Hong Kong SAR (X tons), Myanmar (X tons), Bangladesh (X tons), South Korea (X tons) and Japan (X tons) held the minor share of total imports.

From 2007 to 2017, average annual rates of growth with regard to synthetic staple fibre imports into Indonesia stood at -X%. At the same time, Vietnam (+X%), Myanmar (+X%), Turkey (+X%), Japan (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest growing importer in Asia, with a CAGR of +X% from 2007-2017. Malaysia experienced a relatively flat trend pattern. By contrast, China, Hong Kong SAR (-X%), Pakistan (-X%), Syrian Arab Republic (-X%), Bangladesh (-X%) and China (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of China, Indonesia, Bangladesh, Syrian Arab Republic, Pakistan and China, Hong Kong SAR increased by X%, X%, X%, X%, X% and X% percentage points, while Myanmar (-X%), Vietnam (-X%) and Turkey (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), Turkey ($X) and China ($X) were the countries with the highest levels of imports in 2017, with a combined X% share of total imports. Vietnam, China, Hong Kong SAR, Pakistan, Syrian Arab Republic, Malaysia, Myanmar, South Korea, Bangladesh and Japan lagged somewhat behind, together comprising a further X%.

Among the main importing countries , Vietnam (+X% per year) experienced the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Synthetic Staple Fibre Import Prices by Country in Asia

The synthetic staple fibre import price in Asia stood at $X per ton in 2017, coming up by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2011, when it surged by X% y-o-y. Over the period under review, the import prices for synthetic staple fibres reached its peak figure level of $X per ton in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Turkey ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Bangladesh (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform