Synthetic Filament Tow Price in Portugal - 2023
Contents:
- Synthetic Filament Tow Price in Portugal (FOB) - 2023
- Synthetic Filament Tow Price in Portugal (CIF) - 2023
- Synthetic Filament Tow Exports in Portugal
- Synthetic Filament Tow Imports in Portugal
Synthetic Filament Tow Price in Portugal (FOB) - 2023
The average synthetic filament tow export price stood at $3,009 per ton in July 2023, remaining stable against the previous month. In general, the export price, however, continues to indicate a slight descent. The pace of growth appeared the most rapid in January 2023 an increase of 9.4% m-o-m. The export price peaked at $3,639 per ton in August 2022; however, from September 2022 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was the UK ($4,078 per ton), while the average price for exports to Pakistan ($1,370 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.
Synthetic Filament Tow Price in Portugal (CIF) - 2023
The average synthetic filament tow import price stood at $2,583 per ton in July 2023, which is down by -17.3% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 50% month-to-month. As a result, import price reached the peak level of $3,902 per ton. From September 2022 to July 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($2,747 per ton), while the price for Spain totaled $1,995 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.5%).
Synthetic Filament Tow Exports in Portugal
In 2022, the amount of synthetic filament tows exported from Portugal fell to 20K tons, dropping by -12.7% against 2021. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 4.3% against the previous year.
In value terms, synthetic filament tow exports reduced to $69M in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 51%. As a result, the exports attained the peak of $81M, and then contracted in the following year.
| Export of Synthetic Filament Tow in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 9.2 | 9.2 | 20.4 | 19.0 | 27.3% |
| United States | 6.8 | 11.9 | 14.3 | 16.1 | 33.3% |
| Argentina | 2.6 | 1.8 | 4.7 | 6.2 | 33.6% |
| Turkey | 10.3 | 4.8 | 7.3 | 4.4 | -24.7% |
| Morocco | 4.3 | 1.8 | 2.7 | 3.9 | -3.2% |
| Spain | 3.5 | 2.7 | 5.4 | 3.7 | 1.9% |
| Italy | 4.3 | 3.5 | 5.2 | 3.5 | -6.6% |
| Pakistan | 6.7 | 3.6 | 1.9 | 3.0 | -23.5% |
| Kenya | 3.2 | 1.7 | 2.1 | 2.5 | -7.9% |
| Brazil | 2.3 | 3.6 | 5.4 | 2.0 | -4.6% |
| Others | 15.9 | 9.0 | 11.2 | 4.9 | -32.5% |
| Total | 69.0 | 53.6 | 80.6 | 69.0 | 0.0% |
Top Export Markets for Synthetic Filament Tow from Portugal in 2022:
- United Kingdom (5.0K tons)
- United States (4.0K tons)
- Argentina (1.7K tons)
- Turkey (1.6K tons)
- Pakistan (1.3K tons)
- Morocco (1.1K tons)
- Italy (1.0K tons)
- Spain (1.0K tons)
- Brazil (0.7K tons)
- Kenya (0.7K tons)
Synthetic Filament Tow Imports in Portugal
In 2022, imports of synthetic filament tows into Portugal soared to 2.4K tons, jumping by 82% compared with the previous year's figure. Over the period under review, imports saw resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, synthetic filament tow imports soared to $6.5M in 2022. In general, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Synthetic Filament Tow in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.2 | 1.8 | 2.4 | 4.2 | 9.5% |
| United Kingdom | N/A | N/A | N/A | 1.3 | 0% |
| Spain | 0.1 | 0.1 | 0.2 | 0.6 | 81.7% |
| Others | 0.2 | 0.6 | 0.3 | 0.4 | 26.0% |
| Total | 3.6 | 2.5 | 3.0 | 6.5 | 21.8% |
Top Suppliers of Synthetic Filament Tow to Portugal in 2022:
- Germany (1808.5 tons)
- Spain (366.1 tons)
- United Kingdom (207.7 tons)
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