Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Vietnam - 2022
Contents:
- Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Vietnam (CIF) - 2022
- Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Vietnam (FOB) - 2022
- Imports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Vietnam
- Exports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Vietnam
Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Vietnam (CIF) - 2022
The average import price for fibres; synthetic filament tow, acrylic or modacrylics stood at $3,109 per ton in 2022, growing by 2.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2021 an increase of 39% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
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 Thailand ($5,686 per ton), while the price for Taiwan (Chinese) ($952 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+36.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Vietnam (FOB) - 2022
The average export price for fibres; synthetic filament tow, acrylic or modacrylics stood at $17,277 per ton in 2022, picking up by 67% against the previous year. Over the period under review, the export price saw a prominent increase. The growth pace was the most rapid in 2020 when the average export price increased by 117% against the previous year. Over the period under review, the average export prices reached the maximum at $21,539 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($17,193 per ton), while the average price for exports to the United States ($15,600 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 Japan (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Vietnam
For the third year in a row, Vietnam recorded decline in purchases abroad of fibres; synthetic filament tow, acrylic or modacrylics, which decreased by -45.2% to 27 tons in 2022. Over the period under review, imports continue to indicate a sharp setback. The smallest decline of -25.7% was in 2021.
In value terms, imports of fibres; synthetic filament tow, acrylic or modacrylics reduced dramatically to $83K in 2022. Overall, imports faced a sharp contraction. The pace of growth was the most pronounced in 2021 when imports increased by 3.3% against the previous year.
| Import of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 78.4 | 44.2 | 45.0 | 33.0 | -25.1% |
| China | 478 | 73.5 | 79.3 | 30.6 | -60.0% |
| Indonesia | 14.1 | 9.1 | 10.6 | 8.9 | -14.2% |
| Malaysia | N/A | N/A | N/A | 2.0 | 0% |
| Taiwan (Chinese) | 5.9 | 2.4 | 2.2 | 1.4 | -38.1% |
| Others | 30.2 | 13.5 | 10.5 | 7.2 | -38.0% |
| Total | 606 | 143 | 147 | 83.2 | -48.4% |
Top Suppliers of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic to Vietnam in 2022:
- Belarus (14.9 tons)
- China (6.7 tons)
- Indonesia (2.8 tons)
- Taiwan (Chinese) (1.5 tons)
- Malaysia (0.4 tons)
Exports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Vietnam
In 2022, approx. 651 kg of fibres; synthetic filament tow, acrylic or modacrylics were exported from Vietnam; waning by -71.5% compared with the previous year. Over the period under review, exports recorded a sharp curtailment. The growth pace was the most rapid in 2021 when exports increased by 581% against the previous year.
In value terms, exports of fibres; synthetic filament tow, acrylic or modacrylics declined rapidly to $11K in 2022. In general, exports recorded a significant contraction. The pace of growth was the most pronounced in 2021 when exports increased by 950% against the previous year.
| Export of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 23.5 | 1.7 | 14.4 | 8.1 | -29.9% |
| Indonesia | 2.4 | 0.5 | 9.2 | 2.8 | 5.3% |
| United States | N/A | N/A | N/A | 0.2 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 25.9 | 2.3 | 23.6 | 11.1 | -24.6% |
Top Export Markets for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic from Vietnam in 2022:
- Japan (471.0 kg)
- Indonesia (161.0 kg)
- United States (15.0 kg)
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