Thailand: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in Thailand

The Thai high-tenacity filament polyester yarn market soared to $X in 2022, jumping by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. High-tenacity filament polyester yarn consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of High-Tenacity Filament Yarn Of Polyesters in Thailand

In value terms, high-tenacity filament polyester yarn production dropped modestly to $X in 2022 estimated in export price. In general, production saw a abrupt setback. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. High-tenacity filament polyester yarn production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Thailand

High-tenacity filament polyester yarn exports from Thailand contracted remarkably to X tons in 2022, waning by X% against the previous year. In general, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, high-tenacity filament polyester yarn exports fell to $X in 2022. Over the period under review, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

Japan (X tons) was the main destination for high-tenacity filament polyester yarn exports from Thailand, with a X% share of total exports. Moreover, high-tenacity filament polyester yarn exports to Japan exceeded the volume sent to the second major destination, India (X tons), twofold. Vietnam (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Vietnam (X% per year).

In value terms, Japan ($X) remains the key foreign market for high-tenacity filament yarn of polyesters exports from Thailand, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average high-tenacity filament polyester yarn export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Thailand

In 2022, after four years of growth, there was decline in supplies from abroad of high-tenacity filament yarn of polyesters, when their volume decreased by X% to X tons. In general, imports, however, recorded a strong increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then shrank slightly in the following year.

In value terms, high-tenacity filament polyester yarn imports expanded notably to $X in 2022. Overall, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Indonesia (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of high-tenacity filament polyester yarn imports to Thailand, with a combined X% share of total imports. Vietnam, Japan and South Korea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), China ($X) and Taiwan (Chinese) ($X) appeared to be the largest high-tenacity filament polyester yarn suppliers to Thailand, with a combined X% share of total imports. Japan, Vietnam and South Korea lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average high-tenacity filament polyester yarn import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, showed a perceptible slump. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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