Price for Fibres; Synthetic Filament Tow, of Polypropylene in Singapore - 2022
Contents:
- Price for Fibres; Synthetic Filament Tow, of Polypropylene in Singapore (CIF) - 2022
- Price for Fibres; Synthetic Filament Tow, of Polypropylene in Singapore (FOB) - 2022
- Imports of Fibres; Synthetic Filament Tow, of Polypropylene in Singapore
- Exports of Fibres; Synthetic Filament Tow, of Polypropylene in Singapore
Price for Fibres; Synthetic Filament Tow, of Polypropylene in Singapore (CIF) - 2022
In 2022, the average import price for fibres; synthetic filament tow, of polypropylene amounted to $21,393 per ton, surging by 6.8% against the previous year. In general, the import price posted a prominent increase. The growth pace was the most rapid in 2020 when the average import price increased by 93% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Italy.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +28.4% per year.
Price for Fibres; Synthetic Filament Tow, of Polypropylene in Singapore (FOB) - 2022
In 2022, the average export price for fibres; synthetic filament tow, of polypropylene amounted to $10,501 per ton, declining by -27.4% against the previous year. Overall, the export price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of 132% against the previous year. The export price peaked at $14,458 per ton in 2021, and then fell notably in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($20,145 per ton), while the average price for exports to Indonesia ($4,776 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 South Korea (+69.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fibres; Synthetic Filament Tow, of Polypropylene in Singapore
In 2022, supplies from abroad of fibres; synthetic filament tow, of polypropylene decreased by -90.7% to 89 kg, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a dramatic contraction. The growth pace was the most rapid in 2020 when imports increased by 1,537% against the previous year. As a result, imports attained the peak of 6.8 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of fibres; synthetic filament tow, of polypropylene fell markedly to $1.9K in 2022. Overall, imports showed a sharp slump. The growth pace was the most rapid in 2020 with an increase of 3,058%. As a result, imports attained the peak of $129K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Fibres; Synthetic Filament Tow, of Polypropylene in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | 4.5 | 2.2 | 1.9 | -35.0% |
| China | 3.1 | 17.3 | 5.1 | N/A | 28.3% |
| United States | 0.5 | 107 | 11.9 | N/A | 387.9% |
| Others | 0.5 | N/A | N/A | N/A | 0% |
| Total | 4.1 | 129 | 19.2 | 1.9 | -22.6% |
Top Suppliers of Fibres; Synthetic Filament Tow, of Polypropylene to Singapore in 2022:
- Italy (89.0 kg)
Exports of Fibres; Synthetic Filament Tow, of Polypropylene in Singapore
Exports of fibres; synthetic filament tow, of polypropylene from Singapore surged to 2.6 tons in 2022, increasing by 37% compared with the year before. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 232%. As a result, the exports reached the peak of 3.3 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of fibres; synthetic filament tow, of polypropylene shrank slightly to $28K in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 671%.
| Export of Fibres; Synthetic Filament Tow, of Polypropylene in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 1.6 | 19.0 | 19.6 | 20.1 | 132.5% |
| Indonesia | 1.1 | 4.5 | 4.1 | 3.7 | 49.8% |
| Hong Kong SAR | 0.5 | 2.3 | 2.3 | 2.2 | 63.9% |
| Thailand | 0.4 | 1.7 | 1.7 | 1.7 | 62.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.6 | 27.5 | 27.7 | 27.6 | 97.2% |
Top Export Markets for Fibres; Synthetic Filament Tow, of Polypropylene from Singapore in 2022:
- Malaysia (1607.0 kg)
- Indonesia (765.0 kg)
- Hong Kong SAR (175.0 kg)
- Thailand (83.0 kg)
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