Thailand: Spun Yarn Market 2021

Spun Yarn Market Size in Thailand

After two years of decline, the Thai spun yarn market increased by X% to $X in 2019. Over the period under review, consumption continues to indicate a significant increase. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Spun yarn consumption peaked in 2019 and is expected to retain growth in years to come.

Spun Yarn Production in Thailand

In value terms, spun yarn production rose modestly to $X in 2019 estimated in export prices. In general, the total production indicated a measured expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2012 when the production volume increased by X% y-o-y. Spun yarn production peaked in 2019 and is likely to see gradual growth in years to come.

Spun Yarn Exports

Exports from Thailand

After three years of growth, shipments abroad of yarn spun from silk waste decreased by -X% to X tons in 2019. Over the period under review, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2018 when exports increased by X% y-o-y. Exports peaked at X tons in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, spun yarn exports dropped to $X in 2019. In general, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for spun yarn exports from Thailand, accounting for a X% share of total exports. Moreover, spun yarn exports to Japan exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was occupied by South Korea (X tons), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Japan totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and South Korea (-X% per year).

In value terms, Japan ($X), Italy ($X) and South Korea ($X) appeared to be the largest markets for spun yarn exported from Thailand worldwide, together accounting for X% of total exports.

Italy recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average spun yarn export price stood at $X per ton in 2019, therefore, remained relatively stable against the previous year. Overall, export price indicated a notable expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, spun yarn export price increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2012 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the maximum in 2019 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2019, the highest prices were recorded for prices to Italy ($X per ton) and Swaziland ($X per ton), while the average price for exports to Japan ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced more modest paces of growth.

Spun Yarn Imports

Imports into Thailand

In 2019, approx. X tons of yarn spun from silk waste were imported into Thailand; picking up by X% against the year before. Over the period under review, imports, however, showed a deep slump. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2008; however, from 2009 to 2019, imports stood at a somewhat lower figure.

In value terms, spun yarn imports skyrocketed to $X in 2019. Overall, imports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2008; however, from 2009 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, China (X tons) constituted the largest supplier of spun yarn to Thailand, with a X% share of total imports. Moreover, spun yarn imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fivefold. The third position in this ranking was occupied by Italy (X kg), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and Italy (-X% per year).

In value terms, China ($X) constituted the largest supplier of spun yarn to Thailand, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2019, the average annual growth rate of value from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and Italy (-X% per year).

Import Prices by Country

The average spun yarn import price stood at $X per ton in 2019, with a decrease of -X% against the previous year. In general, the import price, however, enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2017; however, from 2018 to 2019, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the countries with the highest prices were India ($X per ton) and Italy ($X per ton), while the price for the U.S. ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Vietnam, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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