Synthetic Filament Tow Price in Belgium - 2023
Contents:
- Synthetic Filament Tow Price in Belgium (CIF) - 2022
- Synthetic Filament Tow Price in Belgium (FOB) - 2023
- Synthetic Filament Tow Imports in Belgium
- Synthetic Filament Tow Exports in Belgium
Synthetic Filament Tow Price in Belgium (CIF) - 2022
The average synthetic filament tow import price stood at $6,913 per ton in 2022, picking up by 48% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, synthetic filament tow import price decreased by -10.4% against 2020 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 104% against the previous year. Over the period under review, average import prices reached the peak figure at $7,714 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($41,415 per ton), while the price for Germany ($617 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+24.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Synthetic Filament Tow Price in Belgium (FOB) - 2023
The average synthetic filament tow export price stood at $3,354 per ton in July 2023, picking up by 58% against the previous month. Overall, the export price enjoyed a moderate expansion. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 327% m-o-m. As a result, the export price reached the peak level of $5,451 per ton. From February 2023 to July 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Germany ($16,211 per ton), while the average price for exports to China ($1,779 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+41.7%), while the prices for the other major destinations experienced more modest paces of growth.
Synthetic Filament Tow Imports in Belgium
In 2022, imports of synthetic filament tows into Belgium shrank remarkably to 337 tons, which is down by -59.8% on 2021. In general, imports showed a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of 129%. As a result, imports attained the peak of 838 tons, and then declined dramatically in the following year.
In value terms, synthetic filament tow imports reduced notably to $2.3M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 39%. As a result, imports attained the peak of $3.9M, and then shrank sharply in the following year.
| Import of Synthetic Filament Tow in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1,876 | 2,169 | 2,065 | 1,490 | -7.4% |
| China | 2.5 | 223 | 905 | 321 | 404.5% |
| Spain | 2.7 | N/A | 4.5 | 253 | 354.2% |
| Netherlands | 91.8 | 131 | 263 | 118 | 8.7% |
| Germany | 147 | 91.1 | 469 | 82.4 | -17.5% |
| Austria | N/A | 76.6 | 153 | 49.7 | -19.5% |
| Others | 168 | 126 | 65.7 | 15.1 | -55.2% |
| Total | 2,288 | 2,817 | 3,925 | 2,329 | 0.6% |
Top Suppliers of Synthetic Filament Tow to Belgium in 2022:
- Germany (133.4 tons)
- Spain (93.3 tons)
- France (36.0 tons)
- Netherlands (34.7 tons)
- China (23.0 tons)
- Austria (14.9 tons)
Synthetic Filament Tow Exports in Belgium
In 2022, overseas shipments of synthetic filament tows decreased by -81.9% to 35 tons, falling for the second year in a row after two years of growth. In general, exports recorded a precipitous descent. The growth pace was the most rapid in 2020 with an increase of 148% against the previous year. As a result, the exports attained the peak of 205 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, synthetic filament tow exports fell markedly to $327K in 2022. Overall, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 468% against the previous year.
| Export of Synthetic Filament Tow in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.3 | 0.1 | 233 | 105 | 604.7% |
| Thailand | N/A | 168 | N/A | 76.6 | -32.5% |
| Algeria | N/A | N/A | N/A | 39.3 | 0% |
| France | 80.3 | 129 | 39.7 | 30.7 | -27.4% |
| Mexico | 14.1 | 53.9 | 110 | 13.0 | -2.7% |
| Turkey | 11.6 | 82.3 | 311 | 11.6 | 0.0% |
| Netherlands | 50.1 | 46.3 | 137 | 9.8 | -42.0% |
| South Africa | 22.3 | 90.4 | 75.1 | 5.7 | -36.5% |
| Brazil | N/A | N/A | 23.7 | 3.6 | -84.8% |
| Argentina | N/A | 10.7 | 31.8 | 3.6 | -42.0% |
| Djibouti | N/A | N/A | 439 | 3.4 | -99.2% |
| Others | 55.3 | 749 | 249 | 25.1 | -23.1% |
| Total | 234 | 1,329 | 1,649 | 327 | 11.8% |
Top Export Markets for Synthetic Filament Tow from Belgium in 2022:
- Algeria (7.2 tons)
- Germany (5.8 tons)
- France (4.6 tons)
- Mexico (4.5 tons)
- Thailand (3.2 tons)
- Turkey (3.0 tons)
- South Africa (1.4 tons)
- Argentina (1.3 tons)
- Brazil (1.2 tons)
- Netherlands (1.1 tons)
- Djibouti (0.3 tons)
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