Price for Fibres; Synthetic Filament Tow, of Polyesters in South Africa - 2023

Contents:

1. Price for Fibres; Synthetic Filament Tow, of Polyesters in South Africa (FOB) - 2023
2. Price for Fibres; Synthetic Filament Tow, of Polyesters in South Africa (CIF) - 2022
3. Exports of Fibres; Synthetic Filament Tow, of Polyesters in South Africa
4. Imports of Fibres; Synthetic Filament Tow, of Polyesters in South Africa

Price for Fibres; Synthetic Filament Tow, of Polyesters in South Africa (FOB) - 2023

In November 2023, the average export price for fibres; synthetic filament tow, of polyesterses amounted to $2,105 per ton, declining by -26.6% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 57% month-to-month. As a result, the export price attained the peak level of $3,277 per ton. From April 2023 to November 2023, the the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In November 2023, the country with the highest price was Zambia ($2,156 per ton), while the average price for exports to Mozambique ($2,040 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+0.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for fibres; synthetic filament tow, of polyesterses amounted to $4,980 per ton, increasing by 8.1% against the previous year. Overall, the import price, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2018 an increase of 62%. Over the period under review, average import prices attained the peak figure at $7,742 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the United States ($9,200 per ton), while the price for France ($4,967 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Fibres; Synthetic Filament Tow, of Polyesters in South Africa

In 2022, exports of fibres; synthetic filament tow, of polyesterses from South Africa expanded notably to 1.1K tons, surging by 6.2% compared with the previous year. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,513% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of fibres; synthetic filament tow, of polyesterses dropped to $4.7M in 2022. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 1,349% against the previous year. As a result, the exports reached the peak of $4.7M, and then declined modestly in the following year.

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

1. Indonesia (318.3 tons)
2. Nigeria (221.9 tons)
3. Kenya (198.8 tons)
4. Zimbabwe (160.5 tons)
5. Mozambique (103.8 tons)
6. Togo (45.9 tons)
7. Democratic Republic of the Congo (25.3 tons)
8. Zambia (22.6 tons)
9. Angola (19.8 tons)

Imports of Fibres; Synthetic Filament Tow, of Polyesters in South Africa

In 2022, the amount of fibres; synthetic filament tow, of polyesterses imported into South Africa fell rapidly to 3.4 tons, waning by -91.6% on 2021 figures. Over the period under review, imports showed a sharp downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 1,232%.

In value terms, imports of fibres; synthetic filament tow, of polyesterses shrank dramatically to $17K in 2022. Overall, imports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2021 when imports increased by 1,211%.

Top Suppliers of Fibres; Synthetic Filament Tow, of Polyesters to South Africa in 2022:

1. France (3.4 tons)

Source: IndexBox Market Intelligence Platform