Price for Fibres; Synthetic Filament Tow, of Nylon or Other Polyamides in South Korea - 2022

Contents:

1. Price for Fibres; Synthetic Filament Tow, of Nylon or Other Polyamides in South Korea (FOB) - 2022
2. Price for Fibres; Synthetic Filament Tow, of Nylon or Other Polyamides in South Korea (CIF) - 2022
3. Exports of Fibres; Synthetic Filament Tow, of Nylon or Other Polyamides in South Korea
4. Imports of Fibres; Synthetic Filament Tow, of Nylon or Other Polyamides in South Korea

Price for Fibres; Synthetic Filament Tow, of Nylon or Other Polyamides in South Korea (FOB) - 2022

In 2022, the average export price for fibres; synthetic filament tow, of nylon or other polyamideses amounted to $12,198 per ton, flattening at the previous year. In general, the export price, however, posted a mild expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 87%. The export price peaked at $24,711 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($17,463 per ton), while the average price for exports to Thailand ($4,029 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 Zambia (+43.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Fibres; Synthetic Filament Tow, of Nylon or Other Polyamides in South Korea (CIF) - 2022

The average import price for fibres; synthetic filament tow, of nylon or other polyamideses stood at $3,961 per ton in 2022, leveling off at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 43% against the previous year. The import price peaked at $4,376 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($4,261 per ton), while the price for China totaled $3,874 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.3%), while the prices for the other major suppliers experienced a decline.

Exports of Fibres; Synthetic Filament Tow, of Nylon or Other Polyamides in South Korea

In 2022, approx. 361 tons of fibres; synthetic filament tow, of nylon or other polyamideses were exported from South Korea; picking up by 19% compared with 2021 figures. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +17.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.1% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 40%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, exports of fibres; synthetic filament tow, of nylon or other polyamideses skyrocketed to $4.4M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +18.4% 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 +66.0% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 18%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in years to come.

Top Export Markets for Fibres; Synthetic Filament Tow, of Nylon or Other Polyamides from South Korea in 2022:

1. Indonesia (203.8 tons)
2. Thailand (95.2 tons)
3. China (48.2 tons)
4. Vietnam (13.5 tons)

Imports of Fibres; Synthetic Filament Tow, of Nylon or Other Polyamides in South Korea

Imports of fibres; synthetic filament tow, of nylon or other polyamideses into South Korea reached 210 tons in 2022, approximately reflecting 2021 figures. In general, imports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 19%.

In value terms, imports of fibres; synthetic filament tow, of nylon or other polyamideses totaled $832K in 2022. Over the period under review, imports, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 71%.

Top Suppliers of Fibres; Synthetic Filament Tow, of Nylon or Other Polyamides to South Korea in 2022:

1. China (163.3 tons)
2. France (46.7 tons)

Source: IndexBox Market Intelligence Platform