South-Eastern Asia: Textile Wick Market 2020

Textile Wick Exports in South-Eastern Asia

In 2017, the amount of textile wicks, conveyor belts or belting exported in South-Eastern Asia amounted to X tons, declining by -X% against the previous year. The textile wick exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014, with an increase of X% year-to-year. Over the period under review, the textile wick exports reached its maximum volume of X tons in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, textile wick exports totaled $X in 2017. The textile wick exports continue to indicate an abrupt shrinkage. The level of exports peaked of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Textile Wick Exports by Country in South-Eastern Asia

In 2017, Singapore (X tons) was the largest exporter for textile wicks, conveyor belts or belting, making up X% of total exports. Thailand (X tons) occupied the second position in the ranking, distantly followed by the Philippines (X tons). All these countries together occupied approx. X% share of total exports. Malaysia (X tons), Vietnam (X tons) and Indonesia (X tons) occupied the minor share of total exports.

Singapore experienced a relatively flat trend pattern of textile wicks, conveyor belts or belting exports. At the same time, Vietnam (+X%) and Thailand (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest growing exporter in South-Eastern Asia, with a CAGR of +X% from 2007-2017. By contrast, Malaysia (-X%), Indonesia (-X%) and the Philippines (-X%) illustrated a downward trend over the same period. While the share of the Philippines (X%), Malaysia (X%) and Indonesia (X%) increased significantly in terms of the global exports from 2007-2017, the share of Vietnam (-X%), Thailand (-X%) and Singapore (-X%) displayed negative dynamics.

In value terms, Singapore ($X) remains the largest textile wick supplier in South-Eastern Asia, making up X% of global exports. The second position in the ranking was occupied by Thailand ($X), with a X% share of global exports. It was followed by Vietnam, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Singapore amounted to -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (-X% per year) and Vietnam (+X% per year).

Textile Wick Export Prices by Country in South-Eastern Asia

In 2017, the textile wick export price in South-Eastern Asia amounted to $X per kg, going down by -X% against the previous year. The textile wick export price continues to indicate a drastic curtailment. The most prominent rate of growth was recorded in 2011, when it surged by X% against the previous year. The level of export price peaked of $X per kg in 2008; however, from 2009 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 Vietnam ($X per kg), while Indonesia ($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 Vietnam (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Textile Wick Imports in South-Eastern Asia

In 2017, approx. X tons of textile wicks, conveyor belts or belting were imported in South-Eastern Asia; rising by X% against the previous year. The total imports indicated a remarkable expansion from 2007 to 2017: its volume 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 textile wick imports decreased by -X% against 2014 indices. The pace of growth was the most pronounced in 2010, with an increase of X% against the previous year. The volume of imports peaked of X tons in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, textile wick imports stood at $X in 2017. The total imports indicated a strong growth 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. The level of imports peaked of $X in 2016, and then declined slightly in the following year.

Textile Wick Imports by Country in South-Eastern Asia

The countries with the highest levels of textile wick imports in 2017 were Indonesia (X tons), Thailand (X tons) and Malaysia (X tons), together accounting for X% of total import. The Philippines (X tons) ranks second in terms of the global imports with a X% share, followed by Vietnam (X%) and Singapore (X%).

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

In value terms, the largest textile wick markets worldwide were Indonesia ($X), Thailand ($X) and Vietnam ($X), together comprising X% of total imports.

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

Textile Wick Import Prices by Country in South-Eastern Asia

In 2017, the textile wick import price in South-Eastern Asia amounted to $X per kg, declining by -X% against the previous year. The textile wick import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, when the import prices increased by X% against the previous year. Over the period under review, the import prices for textile wicks, conveyor belts or belting attained its maximum level of $X per kg in 2016, and then declined slightly in the following year.

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

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Source: IndexBox Platform