Synthetic Filament Tow Price in Vietnam - 2021

Contents:

1. Synthetic Filament Tow Price in Vietnam (CIF) - 2021
2. Synthetic Filament Tow Price in Vietnam (FOB) - 2022
3. Synthetic Filament Tow Imports in Vietnam
4. Synthetic Filament Tow Exports in Vietnam

Synthetic Filament Tow Price in Vietnam (CIF) - 2021

In December 2021, the average synthetic filament tow import price amounted to $2,503 per ton, waning by -30.4% against the previous month. Over the period under review, the import price saw a noticeable decline. The pace of growth was the most pronounced in September 2021 an increase of 66% m-o-m. As a result, import price reached the peak level of $4,469 per ton. From October 2021 to December 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($3,551 per ton), while the price for Taiwan (Chinese) ($2,352 per ton) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.7%), while the prices for the other major suppliers experienced a decline.

Synthetic Filament Tow Price in Vietnam (FOB) - 2022

In 2022, the average synthetic filament tow export price amounted to $5,128 per ton, jumping by 21% against the previous year. Overall, the export price posted pronounced growth. The most prominent rate of growth was recorded in 2020 an increase of 87%. As a result, the export price reached the peak level of $7,335 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($80,444 per ton), while the average price for exports to the Philippines ($922 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 Austria (+214.3%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Filament Tow Imports in Vietnam

In 2022, overseas purchases of synthetic filament tows increased by 19% to 746 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a deep reduction.

In value terms, synthetic filament tow imports totaled $1.9M in 2022. Over the period under review, imports, however, showed a drastic downturn.

Top Suppliers of Synthetic Filament Tow to Vietnam in 2022:

1. Taiwan (Chinese) (473.2 tons)
2. China (118.8 tons)
3. South Korea (68.7 tons)
4. Belarus (53.1 tons)
5. Japan (2.4 tons)

Synthetic Filament Tow Exports in Vietnam

In 2022, exports of synthetic filament tows from Vietnam contracted rapidly to 84 tons, shrinking by -40.7% on the previous year's figure. Over the period under review, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 302%.

In value terms, synthetic filament tow exports dropped rapidly to $431K in 2022. Overall, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2021 when exports increased by 133%. As a result, the exports reached the peak of $604K, and then contracted rapidly in the following year.

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

1. Philippines (39.1 tons)
2. Indonesia (30.6 tons)
3. Myanmar (5.8 tons)
4. Cambodia (3.2 tons)
5. Japan (2.2 tons)
6. China (1.3 tons)

Source: IndexBox Market Intelligence Platform