Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in China - 2024
Contents:
- Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in China (FOB) - 2024
- Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in China (CIF) - 2024
- Exports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in China
- Imports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in China
Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in China (FOB) - 2024
The average export price for fibres; synthetic filament tow, acrylic or modacrylics stood at $1,760 per ton in May 2024, falling by -4.5% against the previous month. In general, the export price showed a mild contraction. The growth pace was the most rapid in March 2024 when the average export price increased by 20% against the previous month. The export price peaked at $2,196 per ton in May 2023; however, from June 2023 to May 2024, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In May 2024, the highest price was recorded for prices to Indonesia ($1,654 per ton) and India ($1,635 per ton), while the average price for exports to Ecuador ($1,554 per ton) and the United Arab Emirates ($1,600 per ton) were amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (-0.6%), while the prices for the other major destinations experienced a decline.
Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in China (CIF) - 2024
In May 2024, the average import price for fibres; synthetic filament tow, acrylic or modacrylics amounted to $2,665 per ton, picking up by 5.9% against the previous month. Overall, import price indicated a moderate increase from May 2023 to May 2024: its price increased at an average monthly rate of +3.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2024 figures, import price for fibres; synthetic filament tow, acrylic or modacrylics decreased by -6.5% against February 2024 indices. The pace of growth appeared the most rapid in December 2023 an increase of 50% against the previous month. The import price peaked at $2,851 per ton in February 2024; however, from March 2024 to May 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2024, the country with the highest price was South Korea ($2,975 per ton), while the price for Thailand ($1,977 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Japan (+11.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in China
Exports of fibres; synthetic filament tow, acrylic or modacrylics from China surged to 56K tons in 2022, picking up by 260% against the year before. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of fibres; synthetic filament tow, acrylic or modacrylics skyrocketed to $135M in 2022. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.8 | 1.7 | 12.9 | 55.8 | 311.6% |
| United Arab Emirates | N/A | 4.7 | 4.4 | 34.1 | 169.4% |
| Bangladesh | 8.9 | 5.2 | 4.7 | 16.8 | 23.6% |
| India | 0.4 | 1.8 | 7.5 | 6.8 | 157.1% |
| Brazil | N/A | N/A | N/A | 6.1 | 0% |
| Indonesia | 2.4 | 3.2 | 8.4 | 5.8 | 34.2% |
| Ecuador | N/A | N/A | N/A | 3.8 | 0% |
| Iran | 6.7 | 2.3 | 0.1 | 1.5 | -39.3% |
| Pakistan | 0.3 | 1.0 | 0.4 | 1.0 | 49.4% |
| Others | 5.8 | 2.7 | 3.4 | 3.5 | -15.5% |
| Total | 25.3 | 22.6 | 41.8 | 135 | 74.7% |
Top Export Markets for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic from China in 2022:
- Turkey (23.0K tons)
- United Arab Emirates (13.9K tons)
- Bangladesh (7.3K tons)
- India (3.1K tons)
- Brazil (2.4K tons)
- Indonesia (2.3K tons)
- Ecuador (1.5K tons)
- Iran (0.5K tons)
- Pakistan (0.4K tons)
Imports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in China
In 2022, approx. 12K tons of fibres; synthetic filament tow, acrylic or modacrylics were imported into China; dropping by -45.6% on the year before. Overall, imports showed a sharp slump. The growth pace was the most rapid in 2021 with an increase of 21%.
In value terms, imports of fibres; synthetic filament tow, acrylic or modacrylics fell markedly to $33M in 2022. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 67% against the previous year. As a result, imports attained the peak of $48M, and then reduced rapidly in the following year.
| Import of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 2.4 | 3.6 | 6.2 | 15.7 | 87.0% |
| Japan | 7.4 | 8.2 | 8.4 | 8.7 | 5.5% |
| Thailand | 7.3 | 7.1 | 16.5 | 7.2 | -0.5% |
| South Korea | 15.0 | 5.8 | 13.0 | 0.7 | -64.0% |
| Germany | 3.1 | 1.8 | 1.0 | N/A | -43.2% |
| India | 5.0 | N/A | 0.1 | N/A | -85.9% |
| Belarus | 1.7 | N/A | 1.9 | N/A | 5.7% |
| Others | 4.2 | 2.2 | 0.6 | 0.7 | -45.0% |
| Total | 46.0 | 28.6 | 47.7 | 33.0 | -10.5% |
Top Suppliers of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic to China in 2022:
- Turkey (4.4K tons)
- Japan (3.9K tons)
- Thailand (2.7K tons)
- South Korea (0.2K tons)
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