Japan's Revenue From Synthetic Filament Tow And Staple Fibers Exports Dips to $592 Million in 2024 - News and Statistics - IndexBox

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

For the third year in a row, Japan recorded decline in shipments abroad of synthetic filament tow and staple fibers, not carded or combed, which decreased by -12.3% to 119K tons in 2024. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 8.1% against the previous year. The exports peaked at 218K tons in 2015; however, from 2016 to 2024, the exports stood at a somewhat lower figure.

In value terms, exports of synthetic filament tow and staple fibers, not carded or combed reduced to $510M (IndexBox estimates) in 2024. In general, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. Over the period under review, the exports of hit record highs at $929M in 2014; however, from 2015 to 2024, the exports remained at a lower figure.

China (35K tons), the United States (20K tons) and Nigeria (10K tons) were the main destinations of exports of synthetic filament tow and staple fibers, not carded or combed from Japan, together accounting for 48% of total exports. Indonesia, Senegal, Germany, Bangladesh and the UK lagged somewhat behind, together accounting for a further 21%.

From 2014 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of +20.1%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for synthetic filament tow and staple fibers exported from Japan were China ($128M), the United States ($79M) and Nigeria ($52M), together accounting for 44% of total exports. Senegal, Indonesia, Germany, Bangladesh and the UK lagged somewhat behind, together comprising a further 23%.

In terms of the main countries of destination, Bangladesh, with a CAGR of +18.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Synthetic staple fibres, not carded, combed or otherwise processed for spinning (62K tons) and synthetic filament tow (61K tons) were the main products of exports of synthetic filament tow and staple fibers, not carded or combed from Japan.

From 2014 to 2024, the biggest increases were recorded for synthetic filament tow (with a CAGR of +0.1%).

In value terms, synthetic filament tow ($279M) and synthetic staple fibres, not carded, combed or otherwise processed for spinning ($250M) constituted the most exported types of synthetic filament tow and staple fibers, not carded or combed from Japan worldwide.

Synthetic filament tow, with a CAGR of -1.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main product categories over the period under review.

In 2024, the synthetic filament tow price amounted to $4,354 per ton, therefore (FOB, Japan), remained relatively stable against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 9.9%. As a result, the export price reached the peak level of $4,475 per ton. From 2022 to 2023, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Bangladesh ($6,415 per ton), while the average price for exports to Thailand ($2,942 per ton) was amongst the lowest.

From 2014 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for synthetic filament tow and staple fibers in Japan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles