Price for Fibres; Synthetic Filament Tow, of Polypropylene in the Philippines - 2022
Contents:
- Price for Fibres; Synthetic Filament Tow, of Polypropylene in the Philippines (CIF) - 2022
- Imports of Fibres; Synthetic Filament Tow, of Polypropylene in the Philippines
Price for Fibres; Synthetic Filament Tow, of Polypropylene in the Philippines (CIF) - 2022
In 2022, the average import price for fibres; synthetic filament tow, of polypropylene amounted to $61,278 per ton, growing by 195% against the previous year. Overall, the import price saw a strong expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 ($1,485,231 per ton), while the price for China totaled $15,767 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+75.4%).
Imports of Fibres; Synthetic Filament Tow, of Polypropylene in the Philippines
After three years of growth, purchases abroad of fibres; synthetic filament tow, of polypropylene decreased by -62.3% to 1.7 tons in 2022. In general, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 214% against the previous year. As a result, imports attained the peak of 4.4 tons, and then declined sharply in the following year.
In value terms, imports of fibres; synthetic filament tow, of polypropylene rose notably to $103K in 2022. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 190%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Fibres; Synthetic Filament Tow, of Polypropylene in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.4 | 9.5 | 69.8 | 77.2 | 218.0% |
| China | 4.8 | 5.8 | 11.3 | 25.7 | 74.9% |
| Hong Kong SAR | N/A | 8.3 | N/A | N/A | 0% |
| Others | 4.8 | 8.3 | 11.3 | N/A | 53.4% |
| Total | 12.0 | 31.9 | 92.4 | 103 | 104.7% |
Top Suppliers of Fibres; Synthetic Filament Tow, of Polypropylene to the Philippines in 2022:
- China (1627.0 kg)
- United States (52.0 kg)
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