Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in South Africa - 2024
Contents:
- Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in South Africa (CIF) - 2022
- Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in South Africa (FOB) - 2022
- Imports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in South Africa
- Exports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in South Africa
Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in South Africa (CIF) - 2022
In 2022, the average import price for fibres; synthetic filament tow, acrylic or modacrylics amounted to $6,112 per ton, picking up by 31% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fibres; synthetic filament tow, acrylic or modacrylics increased by +57.2% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($8,002 per ton), while the price for Peru ($2,014 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in South Africa (FOB) - 2022
In 2022, the average export price for fibres; synthetic filament tow, acrylic or modacrylics amounted to $2,669 per ton, which is down by -18.4% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 20% against the previous year. Over the period under review, the average export prices reached the peak figure at $3,385 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($3,867 per ton), while the average price for exports to Zambia ($2,183 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 Kenya (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in South Africa
In 2022, approx. 1.9K tons of fibres; synthetic filament tow, acrylic or modacrylics were imported into South Africa; which is down by -27.3% on 2021 figures. Over the period under review, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 0.6% against the previous year.
In value terms, imports of fibres; synthetic filament tow, acrylic or modacrylics shrank to $12M in 2022. Overall, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 21%.
| Import of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4.7 | 4.2 | 5.0 | 7.5 | 16.9% |
| Malaysia | 0.3 | N/A | 0.9 | 1.8 | 81.7% |
| Turkey | 5.0 | 3.9 | 4.8 | 1.6 | -31.6% |
| Peru | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Portugal | 0.5 | 0.3 | 0.3 | 0.2 | -26.3% |
| South Korea | 0.1 | 0.9 | 1.1 | N/A | 231.7% |
| China | 3.7 | 0.6 | N/A | N/A | -83.8% |
| Others | N/A | 0.2 | N/A | 0.2 | 0.0% |
| Total | 14.3 | 10.2 | 12.3 | 11.8 | -6.2% |
Top Suppliers of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic to South Africa in 2022:
- Japan (941.8 tons)
- Turkey (431.6 tons)
- Malaysia (233.7 tons)
- Peru (206.3 tons)
- Portugal (82.5 tons)
Exports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in South Africa
In 2022, after three years of growth, there was significant decline in overseas shipments of fibres; synthetic filament tow, acrylic or modacrylics, when their volume decreased by -41.4% to 1.1K tons. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 35%. As a result, the exports reached the peak of 1.9K tons, and then contracted remarkably in the following year.
In value terms, exports of fibres; synthetic filament tow, acrylic or modacrylics plummeted to $2.9M in 2022. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 31% against the previous year. As a result, the exports attained the peak of $6.1M, and then dropped sharply in the following year.
| Export of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 1.1 | 0.2 | 0.6 | 1.7 | 15.6% |
| Nigeria | 2.5 | 4.2 | 5.1 | 0.6 | -37.9% |
| Kenya | 0.1 | 0.1 | 0.2 | 0.4 | 58.7% |
| Togo | N/A | 0.1 | 0.2 | N/A | 100.0% |
| Others | 0.4 | 0.1 | 0.1 | 0.3 | -9.1% |
| Total | 4.0 | 4.7 | 6.1 | 2.9 | -10.2% |
Top Export Markets for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic from South Africa in 2022:
- Zambia (778.5 tons)
- Nigeria (152.2 tons)
- Kenya (104.8 tons)
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