South-Eastern Asia: Market for Finishing Agents Used In The Textile Industry 2024

Market Size for Finishing Agents Used In The Textile Industry in South-Eastern Asia

The Southeast Asian textile industry finishing agents market rose significantly to $X in 2022, surging by X% against the previous year. The total consumption indicated prominent growth 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. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Production of Finishing Agents Used In The Textile Industry in South-Eastern Asia

In value terms, textile industry finishing agents production reached $X in 2022 estimated in export price. The total production indicated a resilient 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 decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

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Exports of Finishing Agents Used In The Textile Industry

Exports in South-Eastern Asia

After two years of growth, shipments abroad of finishing agents used in the textile industry decreased by X% to X tons in 2022. Total exports indicated resilient growth from 2012 to 2022: its volume 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, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, textile industry finishing agents exports reduced modestly to $X in 2022. Total exports indicated a remarkable 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, exports increased by X% against 2017 indices. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2021, and then declined modestly in the following year.

Exports by Country

Vietnam represented the main exporting country with an export of around X tons, which amounted to X% of total exports. Thailand (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (X%) and Malaysia (X%). Singapore (X tons) followed a long way behind the leaders.

Exports from Vietnam increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Indonesia and Singapore experienced a relatively flat trend pattern. From 2012 to 2022, the share of Vietnam and Thailand increased by X and X percentage points, respectively.

In value terms, Vietnam ($X) remains the largest textile industry finishing agents supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, rising by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Imports of Finishing Agents Used In The Textile Industry

Imports in South-Eastern Asia

For the third consecutive year, South-Eastern Asia recorded growth in purchases abroad of finishing agents used in the textile industry, which increased by X% to X tons in 2022. Total imports indicated resilient growth from 2012 to 2022: its volume 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, imports increased by X% against 2017 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, textile industry finishing agents imports shrank to $X in 2022. Total imports indicated a prominent 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, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced modestly in the following year.

Imports by Country

In 2022, Thailand (X tons), Vietnam (X tons) and Malaysia (X tons) represented the key importer of finishing agents used in the textile industry in South-Eastern Asia, making up X% of total import. Singapore (X tons) held the next position in the ranking, followed by the Philippines (X tons) and Indonesia (X tons). All these countries together took near X% share of total imports. Cambodia (X tons) 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 Cambodia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest textile industry finishing agents importing markets in South-Eastern Asia were Thailand ($X), Vietnam ($X) and Malaysia ($X), together accounting for X% of total imports. Indonesia, Singapore, the Philippines and Cambodia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Cambodia, 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 South-Eastern Asia stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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