Price for Fibres; Synthetic Filament Tow, of Polyesters in Saudi Arabia - 2022

Contents:

1. Price for Fibres; Synthetic Filament Tow, of Polyesters in Saudi Arabia (FOB) - 2022
2. Price for Fibres; Synthetic Filament Tow, of Polyesters in Saudi Arabia (CIF) - 2022
3. Exports of Fibres; Synthetic Filament Tow, of Polyesters in Saudi Arabia
4. Imports of Fibres; Synthetic Filament Tow, of Polyesters in Saudi Arabia

Price for Fibres; Synthetic Filament Tow, of Polyesters in Saudi Arabia (FOB) - 2022

In 2021, the average export price for fibres; synthetic filament tow, of polyesterses amounted to $1,136 per ton, increasing by 9.7% against the previous year. Overall, the export price saw a perceptible increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 16%. Over the period under review, the average export prices hit record highs at $2,310 per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Yemen.

From 2012 to 2021, the rate of growth in terms of prices for Yemen amounted to -2.0% per year.

Price for Fibres; Synthetic Filament Tow, of Polyesters in Saudi Arabia (CIF) - 2022

The average import price for fibres; synthetic filament tow, of polyesterses stood at $2,221 per ton in 2021, therefore, remained relatively stable against the previous year. In general, the import price recorded a buoyant increase. The pace of growth was the most pronounced in 2013 an increase of 95% against the previous year. The import price peaked in 2021 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Georgia ($2,404 per ton), while the price for India totaled $2,065 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Fibres; Synthetic Filament Tow, of Polyesters in Saudi Arabia

In 2022, shipments abroad of fibres; synthetic filament tow, of polyesterses decreased by -8.2% to 394 tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a significant curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 22% against the previous year. As a result, the exports reached the peak of 1.7K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of fibres; synthetic filament tow, of polyesterses reduced to $443K in 2022. Overall, exports faced a sharp downturn. The pace of growth was the most pronounced in 2020 when exports increased by 17% against the previous year. As a result, the exports reached the peak of $1.7M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Fibres; Synthetic Filament Tow, of Polyesters from Saudi Arabia in 2022:

1. Yemen (214.7 tons)

Imports of Fibres; Synthetic Filament Tow, of Polyesters in Saudi Arabia

In 2021, approx. 1.8K tons of fibres; synthetic filament tow, of polyesterses were imported into Saudi Arabia; almost unchanged from the year before. In general, imports continue to indicate a abrupt setback. The smallest decline of 99.9% was in 2020.

In value terms, imports of fibres; synthetic filament tow, of polyesterses stood at $4.1M in 2021. Overall, imports saw a noticeable slump. The smallest decline of 99.9% was in 2020.

Top Suppliers of Fibres; Synthetic Filament Tow, of Polyesters to Saudi Arabia in 2022:

1. Georgia (1033.9 tons)
2. India (237.2 tons)

Source: IndexBox Market Intelligence Platform