Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in South Korea - 2022
Contents:
- Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in South Korea (FOB) - 2022
- Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in South Korea (CIF) - 2022
- Exports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in South Korea
- Imports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in South Korea
Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in South Korea (FOB) - 2022
In December 2022, the average export price for fibres; synthetic filament tow, acrylic or modacrylics amounted to $2,105 per ton, with a decrease of -5.4% against the previous month. Over the period under review, the export price showed a mild decrease. The most prominent rate of growth was recorded in June 2022 an increase of 5.4% m-o-m. As a result, the export price attained the peak level of $2,668 per ton. From July 2022 to December 2022, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($2,957 per ton), while the average price for exports to Pakistan ($1,965 per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+1.2%), while the prices for the other major destinations experienced a decline.
Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in South Korea (CIF) - 2022
The average import price for fibres; synthetic filament tow, acrylic or modacrylics stood at $9,417 per ton in 2022, rising by 63% against the previous year. Over the period under review, the import price enjoyed strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($9,604 per ton), while the price for Japan ($1,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in South Korea
In 2022, the amount of fibres; synthetic filament tow, acrylic or modacrylics exported from South Korea expanded significantly to 35K tons, with an increase of 12% against 2021 figures. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +9.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 37%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of fibres; synthetic filament tow, acrylic or modacrylics rose markedly to $86M in 2022. Overall, exports showed strong growth. The pace of growth was the most pronounced in 2021 with an increase of 119% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 29.4 | 16.7 | 28.1 | 30.0 | 0.7% |
| Turkey | 1.0 | 6.1 | 12.2 | 20.1 | 171.9% |
| Bangladesh | 3.1 | 2.6 | 16.1 | 15.2 | 69.9% |
| Pakistan | 2.0 | 2.0 | 2.5 | 4.9 | 34.8% |
| Mexico | 0.8 | N/A | 0.3 | 2.7 | 50.0% |
| United Arab Emirates | N/A | N/A | N/A | 2.6 | 0% |
| Thailand | 2.2 | 1.7 | 2.7 | 1.8 | -6.5% |
| China | 12.1 | 5.2 | 12.3 | 0.7 | -61.3% |
| Others | 1.2 | 2.1 | 5.4 | 7.8 | 86.6% |
| Total | 52.1 | 36.4 | 79.6 | 85.9 | 18.1% |
Top Export Markets for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic from South Korea in 2022:
- Indonesia (12.5K tons)
- Turkey (8.2K tons)
- Bangladesh (6.4K tons)
- Pakistan (1.9K tons)
- United Arab Emirates (1.0K tons)
- Mexico (0.9K tons)
- Thailand (0.7K tons)
- China (0.2K tons)
Imports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in South Korea
Imports of fibres; synthetic filament tow, acrylic or modacrylics into South Korea rose sharply to 3.2 tons in 2022, growing by 14% on the previous year. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 29%. As a result, imports attained the peak of 4.1 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of fibres; synthetic filament tow, acrylic or modacrylics surged to $29K in 2022. Over the period under review, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | 1.6 | 1.6 | 28.1 | 319.1% |
| China | 13.2 | 18.1 | 9.3 | 0.5 | -66.4% |
| Thailand | N/A | N/A | 1.6 | 0.4 | -75.0% |
| Tanzania | N/A | 3.5 | 3.2 | 0.1 | -83.1% |
| United States | N/A | 0.8 | N/A | N/A | 0% |
| Turkey | N/A | 0.3 | 1.2 | N/A | 300.0% |
| Others | 2.1 | 0.2 | 0.4 | N/A | -56.4% |
| Total | 15.4 | 24.5 | 17.3 | 29.1 | 23.6% |
Top Suppliers of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic to South Korea in 2022:
- Indonesia (3041.0 kg)
- Thailand (55.0 kg)
- China (48.0 kg)
- Tanzania (4.0 kg)
- Turkey (3.0 kg)
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