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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Discover the top 10 import markets for synthetic filament tow based on import value data from IndexBox platform. Learn about the key countries driving the demand for this essential material.
In 2016, approx. X tons of synthetic filament tow were imported worldwide- descending by -X% against the previous year level. In general, synthetic filament tow imports continue to indicate a m...
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