Synthetic Filament Tow Price in Pakistan - 2023
Contents:
- Synthetic Filament Tow Price in Pakistan (CIF) - 2023
- Synthetic Filament Tow Price in Pakistan (FOB) - 2022
- Synthetic Filament Tow Imports in Pakistan
- Synthetic Filament Tow Exports in Pakistan
Synthetic Filament Tow Price in Pakistan (CIF) - 2023
The average synthetic filament tow import price stood at $2,621 per ton in February 2023, waning by -26.9% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 24% m-o-m. The import price peaked at $3,742 per ton in September 2022; however, from October 2022 to February 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In February 2023, the highest price was recorded for prices from the United Arab Emirates ($2,621 per ton) and China ($2,621 per ton), while the price for Thailand ($2,621 per ton) and South Korea ($2,621 per ton) were amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Turkey (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Synthetic Filament Tow Price in Pakistan (FOB) - 2022
In 2022, the average synthetic filament tow export price amounted to $1,109 per ton, with a decrease of -35% against the previous year. In general, the export price recorded a abrupt curtailment. The growth pace was the most rapid in 2021 when the average export price increased by 162%. The export price peaked at $2,477 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($5,387 per ton), while the average price for exports to Afghanistan ($201 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 Canada (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.
Synthetic Filament Tow Imports in Pakistan
In 2022, purchases abroad of synthetic filament tows decreased by -33.4% to 8.6K tons, falling for the second year in a row after two years of growth. Overall, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 13%. As a result, imports attained the peak of 15K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, synthetic filament tow imports shrank sharply to $23M in 2022. In general, imports saw a deep downturn. The growth pace was the most rapid in 2021 with an increase of 5.2%.
| Import of Synthetic Filament Tow in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 7.2 | 8.2 | 8.5 | 6.5 | -3.4% |
| Turkey | 0.8 | 3.3 | 4.7 | 3.6 | 65.1% |
| South Korea | 2.0 | 1.9 | 2.6 | 2.2 | 3.2% |
| Portugal | 8.8 | 3.8 | 2.1 | 2.0 | -39.0% |
| Germany | 0.9 | 2.0 | 1.4 | 2.0 | 30.5% |
| Afghanistan | 1.5 | 1.5 | 1.8 | 1.6 | 2.2% |
| China | 1.2 | 1.3 | 1.1 | 1.6 | 10.1% |
| Belarus | 2.8 | 1.4 | 1.7 | 1.4 | -20.6% |
| Egypt | 1.1 | 0.5 | 0.1 | 0.4 | -28.6% |
| Bulgaria | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Others | 1.7 | 1.5 | 2.7 | 1.2 | -11.0% |
| Total | 28.3 | 25.4 | 26.8 | 22.6 | -7.2% |
Top Suppliers of Synthetic Filament Tow to Pakistan in 2022:
- Thailand (1974.9 tons)
- Turkey (1287.2 tons)
- China (995.7 tons)
- Germany (738.8 tons)
- Belarus (647.9 tons)
- Portugal (635.4 tons)
- Bulgaria (592.1 tons)
- Afghanistan (567.8 tons)
- South Korea (552.1 tons)
- Egypt (130.5 tons)
Synthetic Filament Tow Exports in Pakistan
In 2022, exports of synthetic filament tows from Pakistan rose rapidly to 54 tons, increasing by 13% compared with the previous year's figure. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 375%. As a result, the exports attained the peak of 59 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, synthetic filament tow exports declined sharply to $60K in 2022. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 134%.
| Export of Synthetic Filament Tow in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 3.3 | 8.6 | 22.9 | 18.6 | 78.0% |
| Italy | 4.4 | 8.5 | 16.7 | 10.1 | 31.9% |
| United Arab Emirates | 1.9 | 4.6 | 11.7 | 9.1 | 68.6% |
| Oman | 0.8 | 3.1 | 8.0 | 6.4 | 100.0% |
| Sweden | 0.7 | 1.9 | 5.1 | 4.1 | 80.3% |
| United Kingdom | 1.2 | 0.6 | 5.4 | 3.7 | 45.5% |
| Afghanistan | 0.4 | 0.7 | 1.4 | 0.8 | 26.0% |
| Ireland | N/A | 5.3 | N/A | N/A | 0% |
| Others | 3.6 | 4.9 | 11.3 | 7.5 | 27.7% |
| Total | 16.3 | 38.2 | 82.6 | 60.4 | 54.7% |
Top Export Markets for Synthetic Filament Tow from Pakistan in 2022:
- France (13.0 tons)
- Oman (9.4 tons)
- Sweden (8.8 tons)
- Italy (5.6 tons)
- United Arab Emirates (5.6 tons)
- Afghanistan (4.1 tons)
- United Kingdom (3.5 tons)
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