Thailand: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in Thailand

The Thai man-made filament fabric market rose modestly to $X in 2022, with an increase of X% against the previous year. Over the period under review, the total consumption indicated a temperate expansion 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, consumption decreased by X% against 2020 indices. Man-made filament fabric consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Man-Made Filament Fabric Production in Thailand

In value terms, man-made filament fabric production expanded to $X in 2022 estimated in export price. In general, the total production indicated a temperate 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 most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Man-made filament fabric production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Man-Made Filament Fabric Exports

Exports from Thailand

In 2022, approx. X square meters of woven fabrics of man-made filaments and staple fibers were exported from Thailand; dropping by X% compared with the year before. Over the period under review, exports recorded a abrupt slump. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, man-made filament fabric exports skyrocketed to $X in 2022. Overall, exports recorded a pronounced contraction. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X square meters), Japan (X square meters) and Myanmar (X square meters) were the main destinations of man-made filament fabric exports from Thailand, with a combined X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the key foreign market for woven fabrics of man-made filaments and staple fibers exports from Thailand, comprising X% of total exports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total exports. It was followed by Bhutan, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (X% per year) and Bhutan (X% per year).

Export Prices by Country

In 2021, the average man-made filament fabric export price amounted to $X per square meter, dropping by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 when the average export price increased by X%. As a result, the export price reached the peak level of $X per square meter. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Bhutan ($X per square meter), while the average price for exports to Australia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bhutan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Man-Made Filament Fabric Imports

Imports into Thailand

Man-made filament fabric imports into Thailand dropped to X square meters in 2022, waning by X% compared with 2021. Overall, imports showed a perceptible descent. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at X square meters in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, man-made filament fabric imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X square meters) was the main man-made filament fabric supplier to Thailand, with a X% share of total imports. Moreover, man-made filament fabric imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X square meters), sevenfold. The third position in this ranking was held by Indonesia (X square meters), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Indonesia (X% per year).

In value terms, China ($X) constituted the largest supplier of woven fabrics of man-made filaments and staple fibers to Thailand, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2021, the average man-made filament fabric import price amounted to $X per square meter, growing by X% against the previous year. Over the period under review, the import price showed a buoyant expansion. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The import price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per square meter), while the price for Vietnam ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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