Synthetic Filament Tow Price in South Korea - 2022

Contents:

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

Synthetic Filament Tow Price in South Korea (FOB) - 2022

The average synthetic filament tow export price stood at $2,146 per ton in December 2022, dropping by -4.7% against the previous month. Overall, the export price showed a slight shrinkage. The most prominent rate of growth was recorded in June 2022 an increase of 5.2% against the previous month. The export price peaked at $2,695 per ton in December 2021; however, from January 2022 to December 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In December 2022, the country with the highest price was Angola ($3,161 per ton), while the average price for exports to Pakistan ($1,965 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 Angola (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Filament Tow Price in South Korea (CIF) - 2022

In 2022, the average synthetic filament tow import price amounted to $4,441 per ton, growing by 4.5% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 42%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the near future.

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 ($10,702 per ton), while the price for China ($3,673 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Synthetic Filament Tow Exports in South Korea

In 2022, the amount of synthetic filament tows exported from South Korea was estimated at 48K tons, with an increase of 2% compared with the year before. The total export volume increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 21%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, synthetic filament tow exports reduced slightly to $117M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.8% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 56%. As a result, the exports attained the peak of $117M, leveling off in the following year.

Top Export Markets for Synthetic Filament Tow from South Korea in 2022:

1. Indonesia (12.5K tons)
2. Turkey (8.2K tons)
3. Bangladesh (6.4K tons)
4. Kenya (4.9K tons)
5. Tanzania (3.7K tons)
6. Pakistan (1.9K tons)
7. China (1.3K tons)
8. Angola (1.1K tons)
9. United Arab Emirates (1.0K tons)
10. Mexico (0.9K tons)
11. Nigeria (0.9K tons)
12. Haiti (0.7K tons)
13. Thailand (0.7K tons)

Synthetic Filament Tow Imports in South Korea

Synthetic filament tow imports into South Korea skyrocketed to 377 tons in 2022, with an increase of 39% on 2021 figures. Overall, total imports indicated a notable increase from 2019 to 2022: its volume increased at an average annual rate of +2.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, synthetic filament tow imports skyrocketed to $1.7M in 2022. Over the period under review, imports saw perceptible growth. The growth pace was the most rapid in 2021 when imports increased by 64% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Top Suppliers of Synthetic Filament Tow to South Korea in 2022:

1. Germany (undefined tons)
2. China (218.7 tons)
3. Indonesia (108.0 tons)
4. United States (26.2 tons)
5. France (22.0 tons)

Source: IndexBox Market Intelligence Platform