Synthetic Filament Tow Price in Morocco - 2022
Contents:
- Synthetic Filament Tow Price in Morocco (CIF) - 2022
- Synthetic Filament Tow Price in Morocco (FOB) - 2022
- Synthetic Filament Tow Imports in Morocco
- Synthetic Filament Tow Exports in Morocco
Synthetic Filament Tow Price in Morocco (CIF) - 2022
In December 2022, the average synthetic filament tow import price amounted to $3,133 per ton, approximately mirroring the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2022 an increase of 14% m-o-m. Over the period under review, average import prices hit record highs at $3,822 per ton in May 2022; however, from June 2022 to December 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Portugal ($3,256 per ton), while the price for Turkey amounted to $3,055 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Portugal (-0.2%), while the prices for the other major suppliers experienced a decline.
Synthetic Filament Tow Price in Morocco (FOB) - 2022
The average synthetic filament tow export price stood at $7,704 per ton in 2022, with an increase of 3.9% against the previous year. Overall, the export price recorded resilient growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 106%. As a result, the export price attained the peak level of $16,122 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Spain.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +16.0% per year.
Synthetic Filament Tow Imports in Morocco
After two years of decline, overseas purchases of synthetic filament tows increased by 124% to 2.4K tons in 2022. Over the period under review, imports, however, saw a deep reduction.
In value terms, synthetic filament tow imports soared to $8.3M in 2022. Overall, imports, however, saw a noticeable decline.
| Import of Synthetic Filament Tow in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 2,377 | 1,008 | 793 | 3,963 | 18.6% |
| China | 352 | 52.8 | 364 | 2,252 | 85.6% |
| Turkey | 1,290 | 936 | 357 | 2,105 | 17.7% |
| Spain | 277 | 223 | 113 | N/A | -36.1% |
| Germany | 1,059 | 786 | 545 | N/A | -28.3% |
| Indonesia | 284 | 321 | 229 | N/A | -10.2% |
| Others | 3,498 | 1,985 | 1,100 | 0.4 | -95.1% |
| Total | 9,137 | 5,311 | 3,502 | 8,321 | -3.1% |
Top Suppliers of Synthetic Filament Tow to Morocco in 2022:
- Spain (undefined tons)
- Portugal (1110.6 tons)
- China (664.0 tons)
- Turkey (603.5 tons)
Synthetic Filament Tow Exports in Morocco
In 2022, synthetic filament tow exports from Morocco fell notably to 954 kg, which is down by -49.6% compared with the previous year. Overall, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2021 with an increase of 4,520% against the previous year. As a result, the exports attained the peak of 1.9 tons, and then contracted notably in the following year.
In value terms, synthetic filament tow exports fell markedly to $7.3K in 2022. Over the period under review, exports, however, enjoyed a tangible increase. The most prominent rate of growth was recorded in 2021 with an increase of 2,024%. As a result, the exports reached the peak of $14K, and then declined dramatically in the following year.
| Export of Synthetic Filament Tow in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 6.2 | 0.1 | 0.2 | 7.0 | 4.1% |
| Senegal | N/A | N/A | 13.3 | N/A | 0% |
| Thailand | 0.2 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.6 | 0.5 | 0.3 | -29.3% |
| Total | 6.4 | 0.7 | 14.0 | 7.3 | 4.5% |
Top Export Markets for Synthetic Filament Tow from Morocco in 2022:
- Spain (763.0 kg)
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