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

Contents:

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

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

In 2022, the average import price for fibres; synthetic filament tow, of polyesterses amounted to $2,413 per ton, picking up by 2.6% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 27% against the previous year. Over the period under review, average import prices attained the maximum at $2,630 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($2,413 per ton) and Taiwan (Chinese) ($2,413 per ton), while the price for China ($2,413 per ton) and South Korea ($2,413 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for fibres; synthetic filament tow, of polyesterses amounted to $3,880 per ton, surging by 199% against the previous year. In general, the export price showed notable growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 318%. Over the period under review, the average export prices reached the peak figure at $13,625 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +40.6% per year.

Imports of Fibres; Synthetic Filament Tow, of Polyesters in Vietnam

For the third consecutive year, Vietnam recorded decline in purchases abroad of fibres; synthetic filament tow, of polyesterses, which decreased by -17.1% to 394 tons in 2022. Overall, imports continue to indicate a precipitous contraction.

In value terms, imports of fibres; synthetic filament tow, of polyesterses reduced to $950K in 2022. In general, imports faced a sharp contraction. The smallest decline of -13.3% was in 2021.

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

1. Taiwan (Chinese) (299.9 tons)
2. Japan (49.8 tons)
3. China (15.1 tons)
4. Sri Lanka (14.6 tons)
5. South Korea (10.0 tons)

Exports of Fibres; Synthetic Filament Tow, of Polyesters in Vietnam

In 2022, the amount of fibres; synthetic filament tow, of polyesterses exported from Vietnam dropped dramatically to 1.5 tons, falling by -98% on 2021 figures. Overall, exports faced a precipitous contraction. The pace of growth was the most pronounced in 2021 with an increase of 3,275%. As a result, the exports reached the peak of 78 tons, and then declined notably in the following year.

In value terms, exports of fibres; synthetic filament tow, of polyesterses shrank markedly to $6K in 2022. Over the period under review, exports showed a sharp descent. The pace of growth was the most pronounced in 2021 when exports increased by 221% against the previous year.

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

1. Japan (1.5 tons)

Source: IndexBox Market Intelligence Platform