Eastern Asia: Primary Fiber Crops Market 2024

Primary Fiber Crops Market Size in Eastern Asia

The East Asian primary fiber crops market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption, however, showed a noticeable downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Primary Fiber Crops Production in Eastern Asia

In value terms, primary fiber crops production dropped to $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Primary Fiber Crops Exports

Exports in Eastern Asia

Primary fiber crops exports soared to X tons in 2022, picking up by X% compared with 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, primary fiber crops exports surged to $X in 2022. In general, exports saw a pronounced expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, China (X tons) represented the major exporter of fiber crops (primary), comprising X% of total exports. It was distantly followed by Hong Kong SAR (X tons), generating a X% share of total exports. The following exporters - South Korea (X tons) and Japan (X tons) - each amounted to a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to primary fiber crops exports from China stood at X%. At the same time, Japan (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. China (X p.p.) and Japan (X p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest primary fiber crops supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to X%. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, rising by X% against the previous year. Export price indicated pronounced growth from 2012 to 2022: its price 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, primary fiber crops export price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in the near future.

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 China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Primary Fiber Crops Imports

Imports in Eastern Asia

In 2022, overseas purchases of fiber crops (primary) decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, primary fiber crops imports soared to $X in 2022. In general, imports showed a deep setback. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China dominates imports structure, finishing at X tons, which was near X% of total imports in 2022. The following importers - South Korea (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to primary fiber crops imports into China stood at X%. Japan (X%), South Korea (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported fiber crops (primary) in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in South Korea ($X per ton) and Japan ($X per ton), while China ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :