Price for Fibres; Synthetic Filament Tow, of Polyesters in South Korea - 2022

Contents:

1. Price for Fibres; Synthetic Filament Tow, of Polyesters in South Korea (FOB) - 2022
2. Price for Fibres; Synthetic Filament Tow, of Polyesters in South Korea (CIF) - 2022
3. Exports of Fibres; Synthetic Filament Tow, of Polyesters in South Korea
4. Imports of Fibres; Synthetic Filament Tow, of Polyesters in South Korea

Price for Fibres; Synthetic Filament Tow, of Polyesters in South Korea (FOB) - 2022

In December 2022, the average export price for fibres; synthetic filament tow, of polyesterses amounted to $3,007 per ton, shrinking by -4.8% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 an increase of 14% month-to-month. As a result, the export price reached the peak level of $3,310 per ton. From May 2022 to December 2022, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Tanzania ($5,144 per ton), while the average price for exports to China ($1,980 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Fibres; Synthetic Filament Tow, of Polyesters in South Korea (CIF) - 2022

In 2022, the average import price for fibres; synthetic filament tow, of polyesterses amounted to $12,312 per ton, jumping by 212% against the previous year. Over the period under review, the import price posted a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 United States ($55,504 per ton), while the price for China ($2,763 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Fibres; Synthetic Filament Tow, of Polyesters in South Korea

For the third year in a row, South Korea recorded decline in shipments abroad of fibres; synthetic filament tow, of polyesterses, which decreased by -2.5% to 2.9K tons in 2022. Overall, exports faced a abrupt downturn.

In value terms, exports of fibres; synthetic filament tow, of polyesterses fell to $8.6M in 2022. In general, exports saw a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 1.6%.

Top Export Markets for Fibres; Synthetic Filament Tow, of Polyesters from South Korea in 2022:

1. Angola (1056.7 tons)
2. Nigeria (566.0 tons)
3. Congo (279.1 tons)
4. Democratic Republic of the Congo (270.0 tons)
5. South Africa (188.5 tons)
6. Tanzania (116.8 tons)
7. Mozambique (99.8 tons)
8. Togo (60.5 tons)
9. China (59.2 tons)
10. Cote d'Ivoire (52.0 tons)
11. India (40.1 tons)

Imports of Fibres; Synthetic Filament Tow, of Polyesters in South Korea

In 2022, purchases abroad of fibres; synthetic filament tow, of polyesterses increased by 38% to 16 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a precipitous slump.

In value terms, imports of fibres; synthetic filament tow, of polyesterses skyrocketed to $192K in 2022. Overall, imports, however, recorded a precipitous slump.

Top Suppliers of Fibres; Synthetic Filament Tow, of Polyesters to South Korea in 2022:

1. China (12.3 tons)
2. United States (2.7 tons)
3. Malaysia (0.3 tons)

Source: IndexBox Market Intelligence Platform