Southern Asia: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in Southern Asia

The South Asian high-tenacity filament polyester yarn market shrank modestly to $X in 2022, declining by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then shrank modestly in the following year.

Production of High-Tenacity Filament Yarn Of Polyesters in Southern Asia

In value terms, high-tenacity filament polyester yarn production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight setback. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports in Southern Asia

In 2022, overseas shipments of high-tenacity filament yarn of polyesters increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, high-tenacity filament polyester yarn exports expanded markedly to $X in 2022. In general, exports saw a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, India (X tons) represented the major exporter of high-tenacity filament yarn of polyesters in Southern Asia, making up X% of total export.

India was also the fastest-growing in terms of the high-tenacity filament yarn of polyesters exports, with a CAGR of X% from 2012 to 2022. While the share of India (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest high-tenacity filament polyester yarn supplier in Southern Asia.

In India, high-tenacity filament polyester yarn exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports in Southern Asia

In 2022, the amount of high-tenacity filament yarn of polyesters imported in Southern Asia contracted modestly to X tons, reducing by X% compared with 2021 figures. Overall, imports, however, recorded a strong increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then shrank slightly in the following year.

In value terms, high-tenacity filament polyester yarn imports expanded slightly to $X in 2022. In general, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

India was the key importing country with an import of around X tons, which resulted at X% of total imports. Bangladesh (X tons) held the second position in the ranking, followed by Sri Lanka (X tons). All these countries together held approx. X% share of total imports.

India was also the fastest-growing in terms of the high-tenacity filament yarn of polyesters imports, with a CAGR of X% from 2012 to 2022. At the same time, Sri Lanka (X%) and Bangladesh (X%) displayed positive paces of growth. India (X p.p.) significantly strengthened its position in terms of the total imports, while Bangladesh 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, India ($X) constitutes the largest market for imported high-tenacity filament yarn of polyesters in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with an X% share of total imports.

In India, high-tenacity filament polyester yarn 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 Sri Lanka (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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