Synthetic Filament Tow Price in Germany - 2023

Contents:

1. Synthetic Filament Tow Price in Germany (FOB) - 2022
2. Synthetic Filament Tow Price in Germany (CIF) - 2023
3. Synthetic Filament Tow Exports in Germany
4. Synthetic Filament Tow Imports in Germany

Synthetic Filament Tow Price in Germany (FOB) - 2022

In 2022, the average synthetic filament tow export price amounted to $30,663 per ton, rising by 406% against the previous year. Over the period under review, the export price, however, recorded a perceptible downturn. The export price peaked at $64,174 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($39,236 per ton), while the average price for exports to Belgium ($5,529 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 China (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Filament Tow Price in Germany (CIF) - 2023

In July 2023, the average synthetic filament tow import price amounted to $5,843 per ton, surging by 11% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.1%. The pace of growth appeared the most rapid in April 2023 an increase of 19% m-o-m. The import price peaked in July 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($7,966 per ton), while the price for Turkey ($3,344 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Belgium (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Synthetic Filament Tow Exports in Germany

In 2022, after three years of growth, there was significant decline in shipments abroad of synthetic filament tows, when their volume decreased by -99.9% to 20 tons. In general, exports faced a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 41,410%.

In value terms, synthetic filament tow exports dropped sharply to $599K in 2022. Over the period under review, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 24,906% against the previous year. As a result, the exports attained the peak of $107M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Synthetic Filament Tow from Germany in 2022:

1. China (9.5 tons)
2. Brazil (5.6 tons)
3. Australia (1.2 tons)
4. Belgium (1.0 tons)
5. Japan (0.7 tons)
6. United States (0.5 tons)
7. Slovenia (0.4 tons)
8. Czech Republic (0.2 tons)

Synthetic Filament Tow Imports in Germany

In 2022, imports of synthetic filament tows into Germany totaled 6.8K tons, remaining constant against 2021. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +11.2% 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 +50.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 49% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, synthetic filament tow imports fell slightly to $35M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.3% 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 +45.6% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 43%. As a result, imports reached the peak of $36M, and then shrank slightly in the following year.

Top Suppliers of Synthetic Filament Tow to Germany in 2022:

1. Denmark (1862.3 tons)
2. United States (1809.1 tons)
3. France (1128.4 tons)
4. Turkey (762.5 tons)
5. Japan (428.7 tons)
6. India (211.9 tons)
7. Italy (166.6 tons)
8. Portugal (41.5 tons)

Source: IndexBox Market Intelligence Platform