Price for Fibres; Synthetic Filament Tow, of Polyesters in the UK - 2023

Contents:

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

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

The average import price for fibres; synthetic filament tow, of polyesterses stood at $3,965 per ton in 2022, reducing by -12.4% against the previous year. Overall, the import price, however, showed a tangible increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 249% against the previous year. The import price peaked at $5,759 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($5,514 per ton), while the price for India ($1,298 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+0.0%), while the prices for the other major suppliers experienced a decline.

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

The average export price for fibres; synthetic filament tow, of polyesterses stood at $6,177 per ton in 2022, declining by -23.9% against the previous year. In general, the export price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 150%. The export price peaked at $9,637 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($17,645 per ton), while the average price for exports to the United States stood at $3,436 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+93.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fibres; Synthetic Filament Tow, of Polyesters in the UK

After two years of decline, overseas purchases of fibres; synthetic filament tow, of polyesterses increased by 95% to 52 tons in 2022. In general, imports, however, continue to indicate a sharp contraction.

In value terms, imports of fibres; synthetic filament tow, of polyesterses skyrocketed to $205K in 2022. Overall, imports, however, saw a precipitous curtailment.

Top Suppliers of Fibres; Synthetic Filament Tow, of Polyesters to the UK in 2022:

1. China (34.2 tons)
2. Japan (8.7 tons)
3. India (8.4 tons)

Exports of Fibres; Synthetic Filament Tow, of Polyesters in the UK

In 2022, approx. 4.1 tons of fibres; synthetic filament tow, of polyesterses were exported from the UK; waning by -71.1% on 2021. In general, exports saw a dramatic slump. The pace of growth was the most pronounced in 2021 with an increase of 266% against the previous year.

In value terms, exports of fibres; synthetic filament tow, of polyesterses contracted notably to $26K in 2022. Over the period under review, exports faced a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 249%. As a result, the exports attained the peak of $116K, and then contracted sharply in the following year.

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

1. United States (3.4 tons)
2. Morocco (0.7 tons)

Source: IndexBox Market Intelligence Platform