Synthetic Filament Tow Price in New Zealand - 2023

Contents:

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

Synthetic Filament Tow Price in New Zealand (CIF) - 2022

The average synthetic filament tow import price stood at $4,588 per ton in 2022, dropping by -49.8% against the previous year. In general, the import price showed a pronounced descent. The most prominent rate of growth was recorded in 2017 an increase of 121% against the previous year. As a result, import price attained the peak level of $17,137 per ton. From 2018 to 2022, the average import prices remained at a lower figure.

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 China ($20,822 per ton), while the price for Thailand totaled $3,942 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Synthetic Filament Tow Price in New Zealand (FOB) - 2022

In 2022, the average synthetic filament tow export price amounted to $4,385 per ton, dropping by -49.9% against the previous year. In general, the export price showed a abrupt setback. The pace of growth appeared the most rapid in 2017 an increase of 16%. Over the period under review, the average export prices attained the peak figure at $16,931 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($13,000 per ton), while the average price for exports to the UK ($1,000 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 Samoa (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.

Synthetic Filament Tow Imports in New Zealand

For the fourth year in a row, New Zealand recorded growth in supplies from abroad of synthetic filament tows, which increased by 593% to 47 tons in 2022. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, synthetic filament tow imports surged to $216K in 2022. Over the period under review, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Synthetic Filament Tow to New Zealand in 2022:

1. Thailand (45.0 tons)
2. China (1.3 tons)
3. Italy (0.7 tons)

Synthetic Filament Tow Exports in New Zealand

Synthetic filament tow exports from New Zealand stood at 13 kg in 2022, growing by 8.3% against the previous year. Overall, exports, however, faced a dramatic decline.

In value terms, synthetic filament tow exports shrank dramatically to $57 in 2022. Over the period under review, exports, however, continue to indicate a dramatic contraction.

Top Export Markets for Synthetic Filament Tow from New Zealand in 2022:

1. Tonga (1.0 kg)
2. Australia (1.0 kg)
3. Samoa (1.0 kg)
4. Ireland (1.0 kg)
5. South Africa (1.0 kg)
6. New Caledonia (1.0 kg)
7. United Kingdom (1.0 kg)
8. Spain (1.0 kg)
9. Chile (1.0 kg)
10. Thailand (1.0 kg)
11. Fiji (1.0 kg)
12. Ecuador (1.0 kg)

Source: IndexBox Market Intelligence Platform