Synthetic Filament Tow Price in Indonesia - 2022
Contents:
- Synthetic Filament Tow Price in Indonesia (CIF) - 2022
- Synthetic Filament Tow Price in Indonesia (FOB) - 2022
- Synthetic Filament Tow Imports in Indonesia
- Synthetic Filament Tow Exports in Indonesia
Synthetic Filament Tow Price in Indonesia (CIF) - 2022
The average synthetic filament tow import price stood at $2,819 per ton in March 2022, rising by 4.5% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in May 2021 when the average import price increased by 14% against the previous month. As a result, import price reached the peak level of $3,438 per ton. From June 2021 to March 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($5,819 per ton), while the price for Thailand ($2,587 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Synthetic Filament Tow Price in Indonesia (FOB) - 2022
In 2022, the average synthetic filament tow export price amounted to $10,787 per ton, growing by 158% against the previous year. In general, the export price posted a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($18,425 per ton), while the average price for exports to the UK ($679 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 Japan (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.
Synthetic Filament Tow Imports in Indonesia
Synthetic filament tow imports into Indonesia soared to 47K tons in 2022, increasing by 42% against the previous year's figure. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, synthetic filament tow imports surged to $153M in 2022. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 61%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Synthetic Filament Tow in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 29.4 | 23.7 | 43.2 | 68.0 | 32.2% |
| South Korea | 35.3 | 19.6 | 29.2 | 46.0 | 9.2% |
| Japan | 10.6 | 9.7 | 11.0 | 17.3 | 17.7% |
| China | 4.8 | 5.0 | 8.3 | 13.0 | 39.4% |
| Others | 3.7 | 2.1 | 5.4 | 8.6 | 32.5% |
| Total | 83.9 | 60.1 | 96.9 | 153 | 22.2% |
Top Suppliers of Synthetic Filament Tow to Indonesia in 2022:
- Thailand (22.4K tons)
- South Korea (16.5K tons)
- China (4.0K tons)
- Japan (2.9K tons)
Synthetic Filament Tow Exports in Indonesia
In 2022, shipments abroad of synthetic filament tows decreased by -56% to 60 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a significant curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 110% against the previous year. As a result, the exports attained the peak of 278 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, synthetic filament tow exports rose rapidly to $652K in 2022. Overall, exports showed a relatively flat trend pattern.
| Export of Synthetic Filament Tow in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 51.2 | 142 | 222 | 275 | 75.1% |
| Singapore | 438 | 56.1 | 75.2 | 230 | -19.3% |
| Australia | 2.3 | 0.5 | 84.5 | 105 | 257.4% |
| United Kingdom | 4.8 | 8.8 | N/A | 5.5 | 4.6% |
| Thailand | 96.5 | N/A | 14.4 | N/A | -61.4% |
| Czech Republic | N/A | N/A | 52.9 | N/A | 0% |
| Saudi Arabia | N/A | 177 | 72.5 | N/A | -59.0% |
| Others | 78.0 | 179 | 54.5 | 36.9 | -22.1% |
| Total | 670 | 562 | 576 | 652 | -0.9% |
Top Export Markets for Synthetic Filament Tow from Indonesia in 2022:
- Japan (22.3 tons)
- Australia (15.7 tons)
- Singapore (12.5 tons)
- United Kingdom (8.1 tons)
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