Eastern Asia: Synthetic Staple Fibre Market 2020

Synthetic Staple Fibre Market Size in Eastern Asia

The revenue of the synthetic staple fibre market in Eastern Asia amounted to $X in 2017, going up by X% against the previous year. The synthetic staple fibre consumption continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2011, with an increase of X% y-o-y. The level of synthetic staple fibre consumption peaked in 2017, and is likely to continue its growth in the near future.

Synthetic Staple Fibre Production in Eastern Asia

In 2017, the amount of synthetic staple fibres produced in Eastern Asia stood at X tons, remaining constant against the previous year. The synthetic staple fibre production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011, with an increase of X% y-o-y. In that year, the synthetic staple fibre production attained their peak volume of X tons. From 2012 to 2017, growth of the synthetic staple fibre production stood at a somewhat lower level.

Synthetic Staple Fibre Exports in Eastern Asia

In 2017, the amount of synthetic staple fibres exported in Eastern Asia stood at X tons, approximately mirroring the previous year. The synthetic staple fibre exports continue to indicate a deep deduction. The most prominent rate of growth was recorded in 2016, when it surged by X% year-to-year. The volume of exports peaked of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, synthetic staple fibre exports totaled $X in 2017. The synthetic staple fibre exports continue to indicate a mild descent. 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 Eastern Asia

China represented the key exporting country with an export of around X tons, which reached X% of total exports. Taiwan, Chinese (X tons) ranks second in terms of the global exports with a X% share, followed by South Korea (X%) and China, Hong Kong SAR (X%). Japan (X tons) took the weak share of total exports.

Exports from China decreased at an average annual rate of -X% from 2007 to 2017. China, Hong Kong SAR (-X%), Taiwan, Chinese (-X%), Japan (-X%) and South Korea (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of South Korea, China, Taiwan, Chinese and Japan increased by X%, X%, X% and X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest synthetic staple fibre supplier in Eastern Asia, making up X% of global exports. The second position in the ranking was occupied by Taiwan, Chinese ($X), with a X% share of global exports. It was followed by China, Hong Kong SAR, with a X% share.

From 2007 to 2017, the average annual growth rate of value in China was relatively modest. In the other countries, the average annual rates were as follows: Taiwan, Chinese (-X% per year) and China, Hong Kong SAR (+X% per year).

Synthetic Staple Fibre Export Prices by Country in Eastern Asia

The synthetic staple fibre export price in Eastern Asia stood at $X per ton in 2017, rising by X% against the previous year. The export price indicated a remarkable increase from 2007 to 2017: its price 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 export price decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2010, when it surged by X% y-o-y. Over the period under review, the export prices for synthetic staple fibres attained its peak figure level of $X per ton in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, 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 Eastern Asia

In 2017, synthetic staple fibre imports in Eastern Asia totaled X tons, increasing by X% against the previous year. The synthetic staple fibre imports continue to indicate a drastic deduction. The most prominent rate of growth was recorded in 2010, with an increase of X% y-o-y. The volume of imports peaked of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, synthetic staple fibre imports amounted to $X in 2017. The synthetic staple fibre imports continue to indicate a drastic descent. Over the period under review, the synthetic staple fibre imports attained its maximum level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Synthetic Staple Fibre Imports by Country in Eastern Asia

China was the key importer of synthetic staple fibres in Eastern Asia, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2017. China, Hong Kong SAR (X tons) ranks second in terms of the global imports with a X% share, followed by South Korea (X%) and Japan (X%). Taiwan, Chinese (X tons) and China, Macao SAR (X tons) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to synthetic staple fibre imports into China stood at -X%. At the same time, China, Macao SAR (+X%), Japan (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, China, Macao SAR emerged as the fastest growing importer in Eastern Asia, with a CAGR of +X% from 2007-2017. By contrast, China, Hong Kong SAR (-X%) and Taiwan, Chinese (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of China, Taiwan, Chinese and China, Hong Kong SAR increased by X%, X% and X% percentage points, while China, Macao SAR (-X%), South Korea (-X%) and Japan (-X%) saw their share reduced.

In value terms, China ($X) constitutes the largest market for imported synthetic staple fibres in Eastern Asia, making up X% of global imports. The second position in the ranking was occupied by China, Hong Kong SAR ($X), with a X% share of global imports. It was followed by South Korea, with a X% share.

From 2007 to 2017, the average annual growth rate of value in China totaled -X%. In the other countries, the average annual rates were as follows: China, Hong Kong SAR (-X% per year) and South Korea (-X% per year).

Synthetic Staple Fibre Import Prices by Country in Eastern Asia

The synthetic staple fibre import price in Eastern Asia stood at $X per ton in 2017, reducing 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 2011, an increase of X% year-to-year. Over the period under review, the import prices for synthetic staple fibres reached its maximum level of $X per ton in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Taiwan, Chinese ($X per kg), while Japan ($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 Taiwan, Chinese (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform