Synthetic Filament Tow Price in Cameroon - 2022

Contents:

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

Synthetic Filament Tow Price in Cameroon (CIF) - 2022

In 2022, the average synthetic filament tow import price amounted to $5,748 per ton, jumping by 82% against the previous year. Overall, the import price posted buoyant growth. As a result, import price attained 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 Japan ($4,811 per ton), while the price for South Africa ($183 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-2.0%), while the prices for the other major suppliers experienced a decline.

Synthetic Filament Tow Price in Cameroon (FOB) - 2022

In 2022, the average synthetic filament tow export price amounted to $1,220 per ton, which is down by -51.1% against the previous year. In general, the export price continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2020 an increase of 105%. The export price peaked at $6,208 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.

From 2012 to 2022, the rate of growth in terms of prices for Angola amounted to +20.0% per year.

Synthetic Filament Tow Imports in Cameroon

Synthetic filament tow imports into Cameroon shrank notably to 2K tons in 2022, reducing by -71.6% on 2021. Overall, imports faced a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of 58%. As a result, imports reached the peak of 7.2K tons, and then reduced notably in the following year.

In value terms, synthetic filament tow imports shrank dramatically to $12M in 2022. In general, imports saw a deep contraction. The growth pace was the most rapid in 2021 when imports increased by 68% against the previous year. As a result, imports attained the peak of $23M, and then fell sharply in the following year.

Import of Synthetic Filament Tow in Cameroon (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan3.13.54.86.829.9%
Malaysia2.11.51.90.7-30.7%
Togo0.20.30.30.314.5%
South Korea0.10.20.30.226.0%
South Africa0.20.20.10.1-20.6%
China1.20.81.4N/A8.0%
Others7.47.113.93.6-21.4%
Total14.313.522.611.7-6.5%

Top Suppliers of Synthetic Filament Tow to Cameroon in 2022:

  1. Japan (1420.8 tons)
  2. South Africa (462.1 tons)
  3. Malaysia (168.1 tons)
  4. Togo (152.7 tons)
  5. South Korea (98.2 tons)
  6. China (5.1 tons)

Synthetic Filament Tow Exports in Cameroon

In 2022, synthetic filament tow exports from Cameroon soared to 490 tons, with an increase of 106% against 2021 figures. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 409% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, synthetic filament tow exports reached $597K in 2022. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 237% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Export of Synthetic Filament Tow in Cameroon (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Democratic Republic of the Congo81.082.117717629.5%
AngolaN/AN/A85.0N/A0%
SenegalN/AN/A18.2N/A0%
Others84.794.431442170.7%
Total16617759459753.2%

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

  1. Democratic Republic of the Congo (78.1 tons)

Source: IndexBox Market Intelligence Platform

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