Synthetic Filament Tow Price in Kenya - 2021
Contents:
- Synthetic Filament Tow Price in Kenya (CIF) - 2022
- Synthetic Filament Tow Price in Kenya (FOB) - 2022
- Synthetic Filament Tow Imports in Kenya
- Synthetic Filament Tow Exports in Kenya
Synthetic Filament Tow Price in Kenya (CIF) - 2022
The average synthetic filament tow import price stood at $3,008 per ton in 2022, declining by -4.1% against the previous year. Overall, the import price showed a mild shrinkage. The growth pace was the most rapid in 2021 an increase of 9.8%. Over the period under review, average import prices hit record highs at $3,896 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($5,810 per ton), while the price for South Korea ($2,065 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Synthetic Filament Tow Price in Kenya (FOB) - 2022
In 2022, the average synthetic filament tow export price amounted to $3,726 per ton, reducing by -19.1% against the previous year. In general, the export price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 an increase of 131% against the previous year. The export price peaked at $5,273 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Tanzania.
From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +10.6% per year.
Synthetic Filament Tow Imports in Kenya
In 2022, supplies from abroad of synthetic filament tows decreased by -8% to 15K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 19%. As a result, imports reached the peak of 16K tons, and then fell in the following year.
In value terms, synthetic filament tow imports reduced to $45M in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 31%. As a result, imports reached the peak of $51M, and then dropped in the following year.
| Import of Synthetic Filament Tow in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 7.6 | 10.9 | 14.3 | 13.5 | 21.1% |
| Japan | 14.5 | 11.5 | 13.5 | 10.8 | -9.4% |
| South Africa | 8.2 | 5.9 | 7.4 | 8.1 | -0.4% |
| China | 1.1 | 1.9 | 3.2 | 4.0 | 53.8% |
| Portugal | 5.0 | 2.9 | 3.5 | 3.5 | -11.2% |
| Malaysia | 1.4 | 1.4 | 2.6 | N/A | 36.3% |
| Others | 6.2 | 4.5 | 6.6 | 5.2 | -5.7% |
| Total | 43.9 | 39.0 | 51.0 | 45.0 | 0.8% |
Top Suppliers of Synthetic Filament Tow to Kenya in 2022:
- South Korea (6.5K tons)
- South Africa (2.7K tons)
- Japan (1.9K tons)
- China (1.7K tons)
- Portugal (0.9K tons)
Synthetic Filament Tow Exports in Kenya
In 2022, approx. 167 tons of synthetic filament tows were exported from Kenya; reducing by -19.8% against 2021 figures. Overall, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 74% against the previous year.
In value terms, synthetic filament tow exports contracted remarkably to $623K in 2022. In general, exports, however, continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2021 with an increase of 237% against the previous year. As a result, the exports reached the peak of $961K, and then dropped remarkably in the following year.
| Export of Synthetic Filament Tow in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 20.9 | 25.2 | 310 | 619 | 209.4% |
| Zambia | 274 | 26.1 | 300 | N/A | 4.6% |
| Saudi Arabia | 288 | 233 | N/A | N/A | -19.1% |
| Others | 1.8 | 0.5 | 351 | 3.8 | 28.3% |
| Total | 585 | 285 | 961 | 623 | 2.1% |
Top Export Markets for Synthetic Filament Tow from Kenya in 2022:
- Tanzania (164.7 tons)
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