Which Country Imports the Most Synthetic Filament Tow and Staple Fibers in the World?
Man-Made Fibres May 28, 2018
IndexBox has just published a new report "World: Synthetic Filament Tow And Staple Fibers, Not Carded Or Combed - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.
In 2016, approx. 657K tonnes of synthetic filament tow were imported worldwide- descending by -2.5% against the previous year level. In general, synthetic filament tow imports continue to indicate a moderate downturn. The growth pace was the most rapid in 2010, when import increased by 7% year-to-year. Global synthetic filament tow import peaked of 810K tonnes in 2007- however, from 2008 to 2016, it stood at a somewhat lower level.
In value terms, synthetic filament tow imports stood at $1.1B in 2016. In general, synthetic filament tow imports continue to indicate a temperate shrinkage. Over the period under review, global synthetic filament tow imports attained its maximum level of $1.6B in 2011- however, from 2012 to 2016, it failed to regain its strength.
Top Synthetic Filament Tow Importing Countries in the World
1. China (105.6 million USD)
2. Indonesia (104.7 million USD)
3. Turkey (100.0 million USD)
4. USA (93.9 million USD)
5. Bangladesh (39.0 million USD)
6. Italy (36.1 million USD)
7. Japan (30.0 million USD)
8. India (29.0 million USD)
9. Thailand (7.9 million USD)
10. Portugal (3.4 million USD)
11. South Korea (1.4 million USD)
12. Belarus (0.4 million USD)
Synthetic Filament Tow Imports By Country
Japan (73K tonnes), China (63K tonnes), Thailand (55K tonnes), Turkey (53K tonnes), Indonesia (41K tonnes), Belarus (36K tonnes), Portugal (32K tonnes), South Korea (30K tonnes), the U.S. (25K tonnes), Bangladesh (20K tonnes), India (17K tonnes), and Italy (16K tonnes) represented roughly 70% of total imports of synthetic filament tow in 2016.
From 2007 to 2016, the most notable growth rate of synthetic filament tow imports, among the main importing countries, was attained by India (+11.3% per year), while the other global leaders experienced more modest paces of growth.
In value terms, China ($106M), Indonesia ($105M) and Turkey ($100M) appeared as the countries with the highest levels of imports in 2016, together comprising 28% of global imports.The U.S., Bangladesh, Italy, Japan, India, Thailand, Portugal, South Korea and Belarus lagged somewhat behind, together comprising a further 22%.
Bangladesh (+7.6% per year) recorded the highest rates of growth with regard to the synthetic filament tow imports, in terms of the main importing countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.
Synthetic Filament Tow Import Prices By Country
The average synthetic filament tow import price stood at $1,662 per tonne in 2016, going down by -11.0% against the previous year. Overall, synthetic filament tow import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010, when it surged by 30% against the previous year level. Over the period under review, average synthetic filament tow import price attained its maximum level of $2,206 per tonne in 2011- however, from 2012 to 2016, it failed to regain its strength.
Import prices varied noticeably by country of destination. the country with the highest import prices was the U.S. ($3,707 per tonne), while Belarus ($12 per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of synthetic filament tow import prices was attained by Indonesia (+1.4% per year), while the other global leaders experienced more modest paces of growth.
Do you want to know more about global synthetic filament tow market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- synthetic filament tow market share
- synthetic filament tow prices
- synthetic filament tow industry
- synthetic filament tow sales
- synthetic filament tow import
- synthetic filament tow export
- synthetic filament tow market forecast
- synthetic filament tow price forecast
- key synthetic filament tow producers
All data provided in this article covers the following product: HS Code 5501 - Synthetic filament tow.
