Synthetic Filament Tow Price in Israel - 2023

Contents:

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

Synthetic Filament Tow Price in Israel (CIF) - 2023

In August 2023, the average synthetic filament tow import price amounted to $8,566 per ton, remaining stable against the previous month. Over the period under review, the import price, however, recorded pronounced growth. The growth pace was the most rapid in April 2023 when the average import price increased by 19% month-to-month. As a result, import price reached the peak level of $10,255 per ton. From May 2023 to August 2023, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From August 2022 to August 2023, the rate of growth in terms of prices for China amounted to +2.9% per month.

Synthetic Filament Tow Price in Israel (FOB) - 2022

In 2021, the average synthetic filament tow export price amounted to $16,200 per ton, growing by 66% against the previous year. Overall, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2019 an increase of 72% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($25,519 per ton), while the average price for exports to Turkey ($2,591 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+9.9%), while the prices for the other major destinations experienced mixed trend patterns.

Synthetic Filament Tow Imports in Israel

In 2022, imports of synthetic filament tows into Israel expanded significantly to 1.3K tons, growing by 8.4% compared with the previous year's figure. Overall, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 96% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, synthetic filament tow imports surged to $8.1M in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 155%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Synthetic Filament Tow to Israel in 2022:

1. China (1240.1 tons)
2. France (28.5 tons)
3. United States (27.1 tons)

Synthetic Filament Tow Exports in Israel

In 2022, shipments abroad of synthetic filament tows decreased by -52.8% to 641 kg, falling for the second consecutive year after two years of growth. Overall, exports saw a dramatic setback. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year. As a result, the exports attained the peak of 2.4 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, synthetic filament tow exports surged to $27K in 2022. The total export value increased at an average annual rate of +3.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

Source: IndexBox Market Intelligence Platform