South-Eastern Asia: Aramids Staple Market 2024

Aramids Staple Market Size in South-Eastern Asia

For the third consecutive year, the Southeast Asian aramids staple market recorded decline in sales value, which decreased by X% to $X in 2022. Overall, consumption saw a dramatic curtailment. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Aramids Staple Production in South-Eastern Asia

In value terms, aramids staple production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Aramids Staple Exports

Exports in South-Eastern Asia

Aramids staple exports surged to X tons in 2022, growing by X% compared with the previous year. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, aramids staple exports soared to $X in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

The biggest shipments were from Thailand (X tons), together finishing at X% of total export.

Thailand was also the fastest-growing in terms of the aramids staple exports, with a CAGR of X% from 2012 to 2022. Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) also remains the largest aramids staple supplier in South-Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand totaled X%.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price showed a pronounced descent. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

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

Aramids Staple Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of aramids staple decreased by X% to X tons, falling for the fifth year in a row after two years of growth. In general, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, aramids staple imports contracted to $X in 2022. Over the period under review, imports showed a perceptible slump. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) represented the largest importer of aramids staple, committing X% of total imports. Indonesia (X tons) took the second position in the ranking, distantly followed by Malaysia (X tons). All these countries together held approx. X% share of total imports. The following importers - Vietnam (X tons), Singapore (X tons) and Brunei Darussalam (X tons) - each recorded a X% share of total imports.

Thailand experienced a relatively flat trend pattern with regard to volume of imports of aramids staple. At the same time, Vietnam (X%), Brunei Darussalam (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported aramids staple in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand amounted to X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, picking up by X% against the previous year. Import price indicated a prominent expansion from 2012 to 2022: its price 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, aramids staple import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brunei Darussalam (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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