Price for Fibres; Synthetic Filament Tow, of Polyesters in China - 2023
Contents:
- Price for Fibres; Synthetic Filament Tow, of Polyesters in China (FOB) - 2023
- Price for Fibres; Synthetic Filament Tow, of Polyesters in China (CIF) - 2023
- Exports of Fibres; Synthetic Filament Tow, of Polyesters in China
- Imports of Fibres; Synthetic Filament Tow, of Polyesters in China
Price for Fibres; Synthetic Filament Tow, of Polyesters in China (FOB) - 2023
The average export price for fibres; synthetic filament tow, of polyesterses stood at $1,289 per ton in December 2023, picking up by 20% against the previous month. Overall, the export price, however, recorded a perceptible curtailment. The pace of growth appeared the most rapid in July 2023 an increase of 43% month-to-month. The export price peaked at $2,031 per ton in January 2023; however, from February 2023 to December 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Bangladesh ($2,706 per ton), while the average price for exports to Turkey ($801 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+0.3%), while the prices for the other major destinations experienced a decline.
Price for Fibres; Synthetic Filament Tow, of Polyesters in China (CIF) - 2023
The average import price for fibres; synthetic filament tow, of polyesterses stood at $1,195 per ton in December 2023, falling by -27.6% against the previous month. In general, the import price recorded a abrupt curtailment. The pace of growth appeared the most rapid in January 2023 an increase of 603% month-to-month. As a result, import price attained the peak level of $23,026 per ton. From February 2023 to December 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($18,542 per ton), while the price for Taiwan (Chinese) ($537 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Japan (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fibres; Synthetic Filament Tow, of Polyesters in China
In 2022, approx. 13K tons of fibres; synthetic filament tow, of polyesterses were exported from China; growing by 20% on 2021. Over the period under review, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 121% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of fibres; synthetic filament tow, of polyesterses soared to $22M in 2022. Overall, exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2021 when exports increased by 121%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.
| Export of Fibres; Synthetic Filament Tow, of Polyesters in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 5.1 | 0.9 | 5.7 | 7.3 | 12.7% |
| Nigeria | 1.1 | 0.1 | 1.9 | 3.0 | 39.7% |
| Kenya | 0.7 | 1.1 | 1.9 | 2.8 | 58.7% |
| Bangladesh | 0.9 | 1.1 | 1.4 | 1.7 | 23.6% |
| Switzerland | 1.0 | 0.9 | 1.3 | 1.2 | 6.3% |
| Angola | N/A | N/A | N/A | 1.1 | 0% |
| United States | 0.8 | 0.9 | 0.9 | 0.8 | 0.0% |
| Morocco | 0.6 | 0.3 | 0.5 | 0.8 | 10.1% |
| India | 0.8 | 0.3 | 0.3 | 0.7 | -4.4% |
| Spain | 0.5 | 0.2 | 0.4 | 0.6 | 6.3% |
| Indonesia | 0.3 | 0.1 | 0.1 | 0.4 | 10.1% |
| Pakistan | 0.2 | 0.2 | 0.1 | 0.3 | 14.5% |
| Others | 3.7 | 1.1 | 1.7 | 1.4 | -27.7% |
| Total | 15.5 | 7.3 | 16.1 | 22.2 | 12.7% |
Top Export Markets for Fibres; Synthetic Filament Tow, of Polyesters from China in 2022:
- Turkey (6.6K tons)
- Kenya (1.2K tons)
- Nigeria (1.1K tons)
- Switzerland (0.8K tons)
- Bangladesh (0.6K tons)
- United States (0.5K tons)
- Angola (0.4K tons)
- India (0.4K tons)
- Spain (0.4K tons)
- Pakistan (0.3K tons)
- Indonesia (0.3K tons)
- Morocco (0.3K tons)
Imports of Fibres; Synthetic Filament Tow, of Polyesters in China
In 2022, supplies from abroad of fibres; synthetic filament tow, of polyesterses decreased by -54.7% to 329 tons, falling for the second consecutive year after two years of growth. Overall, imports faced a precipitous setback. The pace of growth was the most pronounced in 2020 with an increase of 44% against the previous year. As a result, imports attained the peak of 1.3K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of fibres; synthetic filament tow, of polyesterses contracted significantly to $1.5M in 2022. In general, imports faced a abrupt contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 34%. As a result, imports reached the peak of $3.9M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Fibres; Synthetic Filament Tow, of Polyesters in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,294 | 1,878 | 1,256 | 838 | -13.5% |
| Germany | N/A | N/A | 73.5 | 225 | 206.1% |
| South Korea | 1,211 | 627 | 411 | 170 | -48.0% |
| Malaysia | 8.6 | N/A | N/A | 155 | 162.2% |
| United States | 221 | 1,427 | 199 | 62.9 | -34.2% |
| Taiwan (Chinese) | 0.5 | 14.5 | 126 | 39.0 | 327.3% |
| Others | 206 | N/A | N/A | 48.6 | -38.2% |
| Total | 2,940 | 3,948 | 2,065 | 1,539 | -19.4% |
Top Suppliers of Fibres; Synthetic Filament Tow, of Polyesters to China in 2022:
- Japan (176.8 tons)
- South Korea (60.9 tons)
- Germany (52.0 tons)
- Malaysia (15.5 tons)
- United States (11.8 tons)
- Taiwan (Chinese) (7.3 tons)
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