Price for Fibres; Synthetic Filament Tow, of Polypropylene in China - 2023

Contents:

1. Price for Fibres; Synthetic Filament Tow, of Polypropylene in China (FOB) - 2023
2. Price for Fibres; Synthetic Filament Tow, of Polypropylene in China (CIF) - 2023
3. Exports of Fibres; Synthetic Filament Tow, of Polypropylene in China
4. Imports of Fibres; Synthetic Filament Tow, of Polypropylene in China

Price for Fibres; Synthetic Filament Tow, of Polypropylene in China (FOB) - 2023

The average export price for fibres; synthetic filament tow, of polypropylene stood at $2,411 per ton in December 2023, with a decrease of -8.3% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 when the average export price increased by 15% m-o-m. The export price peaked at $2,852 per ton in July 2023; however, from August 2023 to December 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was India ($2,923 per ton), while the average price for exports to Indonesia ($1,862 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Democratic People's Republic of Korea (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Fibres; Synthetic Filament Tow, of Polypropylene in China (CIF) - 2023

The average import price for fibres; synthetic filament tow, of polypropylene stood at $1,820 per ton in December 2023, which is down by -13.5% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 17% against the previous month. Over the period under review, average import prices hit record highs at $2,282 per ton in May 2023; however, from June 2023 to December 2023, import prices failed to regain momentum.

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

From December 2022 to December 2023, the rate of growth in terms of prices for Malaysia amounted to +1.9% per month.

Exports of Fibres; Synthetic Filament Tow, of Polypropylene in China

In 2022, the amount of fibres; synthetic filament tow, of polypropylene exported from China totaled 1.4K tons, rising by 4.6% on 2021 figures. Overall, exports, however, recorded a slight curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 13%. As a result, the exports reached the peak of 1.6K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of fibres; synthetic filament tow, of polypropylene reduced to $4.1M in 2022. In general, exports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 18% against the previous year. As a result, the exports reached the peak of $6.7M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Fibres; Synthetic Filament Tow, of Polypropylene from China in 2022:

1. United States (643.2 tons)
2. Democratic People's Republic of Korea (245.8 tons)
3. Indonesia (141.2 tons)
4. Nigeria (109.5 tons)
5. Bangladesh (83.4 tons)
6. India (58.6 tons)
7. South Korea (37.2 tons)

Imports of Fibres; Synthetic Filament Tow, of Polypropylene in China

In 2022, supplies from abroad of fibres; synthetic filament tow, of polypropylene decreased by -59.2% to 623 tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a sharp setback. The pace of growth was the most pronounced in 2020 when imports increased by 17%. As a result, imports reached the peak of 3.1K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of fibres; synthetic filament tow, of polypropylene contracted significantly to $1.5M in 2022. In general, imports recorded a precipitous decline. The most prominent rate of growth was recorded in 2020 with an increase of 14%. As a result, imports attained the peak of $7.6M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Fibres; Synthetic Filament Tow, of Polypropylene to China in 2022:

1. South Korea (621.9 tons)

Source: IndexBox Market Intelligence Platform