Synthetic Filament Tow Price in Ghana - 2023
Contents:
- Synthetic Filament Tow Price in Ghana (CIF) - 2022
- Synthetic Filament Tow Price in Ghana (FOB) - 2022
- Synthetic Filament Tow Imports in Ghana
- Synthetic Filament Tow Exports in Ghana
Synthetic Filament Tow Price in Ghana (CIF) - 2022
The average synthetic filament tow import price stood at $679 per ton in 2022, which is down by -31.5% against the previous year. Over the period under review, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2015 an increase of 59%. Over the period under review, average import prices reached the peak figure at $4,883 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 ($5,161 per ton), while the price for South Africa ($1,951 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Synthetic Filament Tow Price in Ghana (FOB) - 2022
The average synthetic filament tow export price stood at $2,476 per ton in 2022, rising by 521% against the previous year. In general, the export price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 3,623% against the previous year. The export price peaked at $15,285 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($14,382 per ton), while the average price for exports to Burkina Faso ($2,669 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 Cote d'Ivoire (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.
Synthetic Filament Tow Imports in Ghana
After two years of decline, purchases abroad of synthetic filament tows decreased by -8.9% to 60 tons in 2022. Overall, imports, however, continue to indicate significant growth.
In value terms, synthetic filament tow imports contracted notably to $40K in 2022. In general, imports, however, showed significant growth.
| Import of Synthetic Filament Tow in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 5.1 | 7.2 | 4.2 | 7.9 | 15.7% |
| Malaysia | 1.2 | 1.7 | 2.5 | 0.6 | -20.6% |
| South Africa | 0.2 | 0.4 | 0.3 | 0.2 | 0.0% |
| Others | -6.5 | -9.4 | -6.9 | -8.7 | 10.2% |
| Total | N/A | N/A | 0.1 | N/A | 0% |
Top Suppliers of Synthetic Filament Tow to Ghana in 2022:
- Japan (1536.2 tons)
- South Africa (128.1 tons)
- Malaysia (116.2 tons)
Synthetic Filament Tow Exports in Ghana
In 2022, synthetic filament tow exports from Ghana declined dramatically to 110 kg, dropping by -97.3% on the year before. Over the period under review, exports showed a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 4,249%. As a result, the exports reached the peak of 4.1 tons, and then dropped markedly in the following year.
In value terms, synthetic filament tow exports shrank markedly to $273 in 2022. In general, exports recorded a significant contraction. The growth pace was the most rapid in 2021 with an increase of 237%.
| Export of Synthetic Filament Tow in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burkina Faso | 24.3 | 72.9 | 57.5 | 56.1 | 32.2% |
| Cote d'Ivoire | 57.5 | 10.7 | 42.0 | 38.9 | -12.2% |
| United States | 2.3 | 5.5 | 3.4 | 2.6 | 4.2% |
| Others | -80.4 | -88.6 | -101.3 | -97.3 | 6.6% |
| Total | 3.7 | 0.5 | 1.6 | 0.3 | -56.7% |
Top Export Markets for Synthetic Filament Tow from Ghana in 2022:
- Burkina Faso (21.0 tons)
- Cote d'Ivoire (2.7 tons)
- United States (0.4 tons)
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