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

Contents:

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

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

The average export price for fibres; synthetic filament tow, of polyesterses stood at $7,010 per ton in 2022, jumping by 21% against the previous year. Over the period under review, the export price, however, continues to indicate a slight shrinkage. The growth pace was the most rapid in 2018 when the average export price increased by 83%. The export price peaked at $14,725 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($36,848 per ton), while the average price for exports to Pakistan ($447 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 Saudi Arabia (+82.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for fibres; synthetic filament tow, of polyesterses stood at $1,747 per ton in 2022, which is down by -12% against the previous year. Over the period under review, the import price saw a noticeable descent. The growth pace was the most rapid in 2018 when the average import price increased by 40% against the previous year. As a result, import price attained the peak level of $2,757 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -3.1% per year.

Exports of Fibres; Synthetic Filament Tow, of Polyesters in the United States

In 2022, the amount of fibres; synthetic filament tow, of polyesterses exported from the United States declined slightly to 540 tons, which is down by -4.3% compared with 2021. Overall, exports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2021 when exports increased by 115% against the previous year. As a result, the exports reached the peak of 564 tons, and then fell in the following year.

In value terms, exports of fibres; synthetic filament tow, of polyesterses skyrocketed to $3.8M in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 49%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

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

1. Paraguay (195.9 tons)
2. Mexico (46.2 tons)
3. Canada (46.0 tons)
4. Taiwan (Chinese) (40.9 tons)
5. China (39.1 tons)
6. Pakistan (38.0 tons)
7. Ethiopia (30.4 tons)
8. Belgium (28.6 tons)
9. Ecuador (19.6 tons)

Imports of Fibres; Synthetic Filament Tow, of Polyesters in the United States

In 2022, purchases abroad of fibres; synthetic filament tow, of polyesterses was finally on the rise to reach 792 tons after two years of decline. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +11.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of fibres; synthetic filament tow, of polyesterses soared to $1.4M in 2022. Overall, total imports indicated mild growth from 2019 to 2022: its value increased at an average annual rate of +1.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. China (774.4 tons)

Source: IndexBox Market Intelligence Platform