Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in the Philippines - 2024
Contents:
- Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in the Philippines (CIF) - 2022
- Imports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in the Philippines
Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in the Philippines (CIF) - 2022
The average import price for fibres; synthetic filament tow, acrylic or modacrylics stood at $2,577 per ton in 2022, almost unchanged from the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 60%. As a result, import price reached the peak level of $2,613 per ton, and then contracted modestly in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($3,380 per ton), while the price for Thailand totaled $2,560 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+0.3%).
Imports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in the Philippines
After two years of decline, overseas purchases of fibres; synthetic filament tow, acrylic or modacrylics increased by 104% to 1.6K tons in 2022. Over the period under review, imports, however, recorded a noticeable curtailment.
In value terms, imports of fibres; synthetic filament tow, acrylic or modacrylics skyrocketed to $4M in 2022. Overall, imports continue to indicate a moderate increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 3.3 | 1.9 | 1.9 | 3.9 | 5.7% |
| South Korea | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Total | 3.5 | 2.1 | 2.0 | 4.0 | 4.6% |
Top Suppliers of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic to the Philippines in 2022:
- Thailand (1539.3 tons)
- South Korea (23.3 tons)
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