Synthetic Filament Tow Price in Malaysia - 2021
Contents:
- Synthetic Filament Tow Price in Malaysia (FOB) - 2021
- Synthetic Filament Tow Price in Malaysia (CIF) - 2022
- Synthetic Filament Tow Exports in Malaysia
- Synthetic Filament Tow Imports in Malaysia
Synthetic Filament Tow Price in Malaysia (FOB) - 2021
In December 2021, the average synthetic filament tow export price amounted to $6,651 per ton, with an increase of 12% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In December 2021, the country with the highest price was China ($8,354 per ton), while the average price for exports to Ghana ($5,305 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Synthetic Filament Tow Price in Malaysia (CIF) - 2022
In 2022, the average synthetic filament tow import price amounted to $10,083 per ton, which is down by -4.1% against the previous year. Overall, the import price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 42%. The import price peaked at $10,512 per ton in 2021, and then declined in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($53,904 per ton), while the price for Taiwan (Chinese) ($2,893 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+61.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Synthetic Filament Tow Exports in Malaysia
In 2022, synthetic filament tow exports from Malaysia dropped dramatically to 18K tons, waning by -22.1% compared with 2021. Overall, exports showed a slight descent. The most prominent rate of growth was recorded in 2021 with an increase of 79%. As a result, the exports attained the peak of 23K tons, and then declined remarkably in the following year.
In value terms, synthetic filament tow exports contracted markedly to $102M in 2022. In general, total exports indicated a modest expansion from 2019 to 2022: its value increased at an average annual rate of +1.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.2% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 72%. As a result, the exports reached the peak of $129M, and then dropped rapidly in the following year.
| Export of Synthetic Filament Tow in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 48.0 | 38.3 | 53.5 | 43.9 | -2.9% |
| Nigeria | 29.9 | 16.1 | 32.4 | 26.6 | -3.8% |
| Senegal | 1.2 | 7.6 | 11.7 | 9.6 | 100.0% |
| Togo | 8.0 | 4.4 | 6.5 | 5.4 | -12.3% |
| Indonesia | 3.3 | 0.8 | 6.2 | 5.1 | 15.6% |
| Ghana | 1.2 | 1.7 | 4.6 | 3.8 | 46.8% |
| Cameroon | 4.6 | 3.7 | 3.0 | 3.1 | -12.3% |
| Others | 2.1 | 2.0 | 10.8 | 4.4 | 28.0% |
| Total | 98.2 | 74.7 | 129 | 102 | 1.3% |
Top Export Markets for Synthetic Filament Tow from Malaysia in 2022:
- Japan (8.4K tons)
- Nigeria (4.7K tons)
- Senegal (1.5K tons)
- Togo (0.9K tons)
- Ghana (0.7K tons)
- Indonesia (0.6K tons)
- Cameroon (0.6K tons)
Synthetic Filament Tow Imports in Malaysia
In 2022, the amount of synthetic filament tows imported into Malaysia rose remarkably to 19 tons, with an increase of 11% compared with the previous year's figure. Overall, imports, however, continue to indicate a deep reduction.
In value terms, synthetic filament tow imports expanded notably to $189K in 2022. Over the period under review, imports, however, continue to indicate a deep contraction.
| Import of Synthetic Filament Tow in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1.8 | 63.0 | 163 | 94.8 | 274.8% |
| United States | 124 | 45.3 | 7.1 | 42.5 | -30.0% |
| Japan | 4.7 | 77.6 | 0.3 | 24.6 | 73.6% |
| Germany | 45.8 | 9.3 | 1.2 | 13.2 | -33.9% |
| China | 46.5 | 3.1 | 1.8 | 11.6 | -37.0% |
| Taiwan (Chinese) | 1.8 | 1.5 | 1.1 | 1.1 | -15.1% |
| Others | 3.9 | 0.9 | 1.5 | 0.8 | -41.0% |
| Total | 229 | 201 | 176 | 189 | -6.2% |
Top Suppliers of Synthetic Filament Tow to Malaysia in 2022:
- Thailand (10.8 tons)
- Japan (4.6 tons)
- China (1.7 tons)
- United States (0.8 tons)
- Germany (0.5 tons)
- Taiwan (Chinese) (0.4 tons)
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