Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Pakistan - 2023
Contents:
- Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Pakistan (CIF) - 2023
- Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Pakistan (FOB) - 2022
- Imports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Pakistan
- Exports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Pakistan
Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Pakistan (CIF) - 2023
In December 2023, the average import price for fibres; synthetic filament tow, acrylic or modacrylics amounted to $1,697 per ton, growing by 11% against the previous month. Overall, the import price, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in March 2023 an increase of 15% month-to-month. The import price peaked at $3,586 per ton in January 2023; however, from February 2023 to December 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the countries with the highest prices were Thailand ($1,849 per ton) and the United Arab Emirates ($1,789 per ton), while the price for China ($1,234 per ton) and Portugal ($1,490 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Pakistan (FOB) - 2022
In 2021, the average export price for fibres; synthetic filament tow, acrylic or modacrylics amounted to $3,072 per ton, increasing by 13% against the previous year. Over the period under review, the export price, however, recorded a mild reduction. Over the period under review, the average export prices attained the peak figure at $3,450 per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($4,354 per ton), while the average price for exports to the United States amounted to $2,571 per ton.
From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+65.0%).
Imports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Pakistan
In 2022, purchases abroad of fibres; synthetic filament tow, acrylic or modacrylics decreased by -33.1% to 8.4K tons, falling for the second consecutive year after two years of growth. In general, imports showed a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 12%. As a result, imports reached the peak of 15K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of fibres; synthetic filament tow, acrylic or modacrylics declined sharply to $22M in 2022. Over the period under review, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 5.9% against the previous year.
| Import of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 8.0 | 8.8 | 9.3 | 8.5 | 2.0% |
| South Korea | 2.2 | 2.0 | 2.8 | 3.6 | 17.8% |
| Turkey | 0.9 | 3.6 | 5.0 | 2.9 | 47.7% |
| Germany | 1.0 | 2.2 | 1.5 | 2.2 | 30.1% |
| Portugal | 9.6 | 4.1 | 2.3 | 1.7 | -43.8% |
| China | 0.5 | 1.1 | 1.1 | 1.0 | 26.0% |
| Belarus | 3.1 | 1.5 | 1.8 | 0.8 | -36.3% |
| Others | 2.2 | 1.6 | 2.5 | 1.5 | -12.0% |
| Total | 27.5 | 24.8 | 26.3 | 22.3 | -6.7% |
Top Suppliers of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic to Pakistan in 2022:
- Thailand (2.5K tons)
- Turkey (1.3K tons)
- South Korea (1.1K tons)
- Germany (1.0K tons)
- Portugal (0.9K tons)
- Belarus (0.5K tons)
- China (0.4K tons)
Exports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Pakistan
In 2021, exports of fibres; synthetic filament tow, acrylic or modacrylics from Pakistan surged to 1.4 tons, with an increase of 617% against the previous year. In general, exports saw significant growth. 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 $4.4K in 2021. Over the period under review, exports recorded 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 Pakistan (Thousand USD) | |||
|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 |
| United States | 0.1 | 2.8 | 2700.0% |
| United Kingdom | 0.4 | 1.4 | 250.0% |
| Others | N/A | 0.2 | 0% |
| Total | 0.5 | 4.4 | 780.0% |
Top Export Markets for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic from Pakistan in 2022:
- United States (1099.0 kg)
- United Kingdom (316.0 kg)
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