Synthetic Filament Tow Price in Ethiopia - 2022
Contents:
Synthetic Filament Tow Price in Ethiopia (CIF) - 2022
In 2022, the average synthetic filament tow import price amounted to $4,094 per ton, increasing by 46% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.8% 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 +124.5% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 53% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($4,261 per ton), while the price for South Korea ($3,790 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Synthetic Filament Tow Imports in Ethiopia
In 2022, purchases abroad of synthetic filament tows was finally on the rise to reach 66 tons after two years of decline. Overall, imports, however, faced a sharp downturn.
In value terms, synthetic filament tow imports soared to $270K in 2022. In general, imports, however, recorded a dramatic slump.
| Import of Synthetic Filament Tow in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | N/A | N/A | N/A | 50.3 | 0% |
| India | 2.7 | 5.5 | 6.3 | 46.9 | 159.0% |
| South Korea | 18.1 | 87.6 | 30.9 | 37.9 | 27.9% |
| United States | 6.9 | 14.1 | 15.9 | N/A | 51.8% |
| South Africa | N/A | 29.7 | N/A | N/A | 0% |
| Saudi Arabia | N/A | 44.4 | N/A | N/A | 0% |
| Others | 548 | 148 | 5.3 | 135 | -37.3% |
| Total | 576 | 329 | 58.4 | 270 | -22.3% |
Top Suppliers of Synthetic Filament Tow to Ethiopia in 2022:
- Malaysia (12.0 tons)
- India (11.0 tons)
- South Korea (10.0 tons)
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