Synthetic Filament Tow Price in Norway - 2023

Contents:

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

Synthetic Filament Tow Price in Norway (CIF) - 2022

In 2022, the average synthetic filament tow import price amounted to $8,048 per ton, waning by -47.1% against the previous year. Overall, the import price saw a deep reduction. The pace of growth appeared the most rapid in 2016 when the average import price increased by 77% against the previous year. The import price peaked at $28,355 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 UK ($40,571 per ton), while the price for Spain ($3,829 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 (+41.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Synthetic Filament Tow Price in Norway (FOB) - 2022

In 2022, the average synthetic filament tow export price amounted to $31,033 per ton, dropping by -21.5% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 440% against the previous year. The export price peaked at $75,200 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($181,000 per ton), while the average price for exports to Russia ($12,636 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 Luxembourg (+1,079.6%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Filament Tow Imports in Norway

In 2022, approx. 14 tons of synthetic filament tows were imported into Norway; flattening at the previous year. Overall, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 120%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, synthetic filament tow imports dropped significantly to $111K in 2022. Over the period under review, imports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 52%. As a result, imports attained the peak of $208K, and then contracted dramatically in the following year.

Top Suppliers of Synthetic Filament Tow to Norway in 2022:

1. Spain (8.6 tons)
2. Austria (1.9 tons)
3. Italy (1.4 tons)
4. China (0.5 tons)
5. Denmark (0.4 tons)
6. France (0.4 tons)
7. Sweden (0.3 tons)

Synthetic Filament Tow Exports in Norway

In 2022, after two years of decline, there was significant growth in overseas shipments of synthetic filament tows, when their volume increased by 67% to 695 kg. In general, exports, however, saw a dramatic downturn.

In value terms, synthetic filament tow exports surged to $22K in 2022. Overall, exports, however, faced a sharp slump. The pace of growth was the most pronounced in 2020 with an increase of 84% against the previous year. As a result, the exports attained the peak of $84K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

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

1. Sweden (598.0 kg)
2. Russia (44.0 kg)
3. Denmark (30.0 kg)
4. Ghana (19.0 kg)

Source: IndexBox Market Intelligence Platform