Asia: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in Asia

In 2022, the Asian man-made filament fabric market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Man-Made Filament Fabric Production in Asia

In value terms, man-made filament fabric production dropped to $X in 2022 estimated in export price. The total production indicated a notable increase 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 most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Man-Made Filament Fabric Exports

Exports in Asia

In 2022, approx. X square meters of woven fabrics of man-made filaments and staple fibers were exported in Asia; declining by X% against 2021. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at X square meters in 2021, and then fell in the following year.

In value terms, man-made filament fabric exports rose sharply to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

China prevails in exports structure, recording X square meters, which was approx. X% of total exports in 2022. The following exporters - Taiwan (Chinese) (X square meters), Turkey (X square meters), South Korea (X square meters), India (X square meters) and Indonesia (X square meters) - together made up X% of total exports.

China was also the fastest-growing in terms of the woven fabrics of man-made filaments and staple fibers exports, with a CAGR of X% from 2012 to 2022. At the same time, Turkey (X%) displayed positive paces of growth. India experienced a relatively flat trend pattern. By contrast, South Korea (X%), Taiwan (Chinese) (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (X p.p.), Indonesia (X p.p.) and Taiwan (Chinese) (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest man-made filament fabric supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. In the other countries, the average annual rates were as follows: India (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Asia stood at $X per square meter in 2022, jumping by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X%. As a result, the export price reached the peak level of $X per square meter. From 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per square meter), while Indonesia ($X per square meter) 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 other leaders experienced more modest paces of growth.

Man-Made Filament Fabric Imports

Imports in Asia

Man-made filament fabric imports was estimated at X square meters in 2022, remaining stable against the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X square meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, man-made filament fabric imports shrank to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X square meters), Myanmar (X square meters), Bangladesh (X square meters), Indonesia (X square meters), the United Arab Emirates (X square meters), Cambodia (X square meters), Kyrgyzstan (X square meters), China (X square meters), Turkey (X square meters), Malaysia (X square meters), Iraq (X square meters) and Uzbekistan (X square meters) represented roughly X% of total imports in 2022. Iran (X square meters) 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 Uzbekistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported woven fabrics of man-made filaments and staple fibers in Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with an X% share of total imports. It was followed by Indonesia, with an X% share.

In Vietnam, man-made filament fabric imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Indonesia (X% per year).

Import Prices by Country

The import price in Asia stood at $X per square meter in 2022, remaining relatively unchanged against the previous year. In general, the import price saw a slight descent. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per square meter), while Kyrgyzstan ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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