Synthetic Filament Tow Price in Argentina - 2023

Contents:

1. Synthetic Filament Tow Price in Argentina (CIF) - 2022
2. Synthetic Filament Tow Price in Argentina (FOB) - 2022
3. Synthetic Filament Tow Imports in Argentina
4. Synthetic Filament Tow Exports in Argentina

Synthetic Filament Tow Price in Argentina (CIF) - 2022

In 2022, the average synthetic filament tow import price amounted to $3,712 per ton, surging by 21% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, synthetic filament tow import price increased by +64.7% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 36%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Portugal ($3,946 per ton) and Turkey ($3,595 per ton), while the price for Germany ($3,339 per ton) and Thailand ($3,464 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+31.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Synthetic Filament Tow Price in Argentina (FOB) - 2022

In 2022, the average synthetic filament tow export price amounted to $6,377 per ton, jumping by 24% against the previous year. In general, the export price continues to indicate modest growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 184% against the previous year. Over the period under review, the average export prices reached the maximum at $12,388 per ton in 2015; however, from 2016 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 Chile ($9,200 per ton), while the average price for exports to Thailand ($1,135 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 Panama (+619.1%), while the prices for the other major destinations experienced mixed trend patterns.

Synthetic Filament Tow Imports in Argentina

In 2022, after three years of growth, there was significant decline in purchases abroad of synthetic filament tows, when their volume decreased by -8.9% to 4.1K tons. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +11.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.5% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 35% against the previous year. As a result, imports reached the peak of 4.5K tons, and then contracted in the following year.

In value terms, synthetic filament tow imports rose sharply to $15M in 2022. Overall, imports, however, showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 84%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Top Suppliers of Synthetic Filament Tow to Argentina in 2022:

1. Portugal (1789.0 tons)
2. Turkey (1209.8 tons)
3. Thailand (851.3 tons)
4. Germany (214.4 tons)

Synthetic Filament Tow Exports in Argentina

In 2022, overseas shipments of synthetic filament tows decreased by -48.3% to 183 kg for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 153% against the previous year. As a result, the exports attained the peak of 354 kg, and then fell notably in the following year.

In value terms, synthetic filament tow exports fell significantly to $1.2K in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 252% against the previous year. As a result, the exports attained the peak of $1.8K, and then fell dramatically in the following year.

Top Export Markets for Synthetic Filament Tow from Argentina in 2022:

1. Chile (115.0 kg)
2. Thailand (52.0 kg)
3. Bolivia (16.0 kg)

Source: IndexBox Market Intelligence Platform