Synthetic Filament Tow Price in Singapore - 2022

Contents:

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

Synthetic Filament Tow Price in Singapore (FOB) - 2022

The average synthetic filament tow export price stood at $12,618 per ton in September 2022, approximately reflecting the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in May 2022 an increase of 19% month-to-month. As a result, the export price reached the peak level of $17,517 per ton. From June 2022 to September 2022, the the average export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In September 2022, the country with the highest price was Indonesia ($15,715 per ton), while the average price for exports to China ($11,829 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Filament Tow Price in Singapore (CIF) - 2022

The average synthetic filament tow import price stood at $12,607 per ton in September 2022, which is down by -1.6% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 an increase of 19% month-to-month. As a result, import price attained the peak level of $17,481 per ton. From June 2022 to September 2022, the average import prices remained at a somewhat lower figure.

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

From January 2022 to September 2022, the rate of growth in terms of prices for Malaysia amounted to -0.2% per month.

Synthetic Filament Tow Exports in Singapore

For the fourth year in a row, Singapore recorded growth in overseas shipments of synthetic filament tows, which increased by 247% to 537 tons in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 581%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, synthetic filament tow exports soared to $5.4M in 2022. In general, exports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 1,247% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Indonesia (234.7 tons)
2. China (210.2 tons)
3. Bangladesh (70.9 tons)
4. Hong Kong SAR (14.8 tons)

Synthetic Filament Tow Imports in Singapore

Synthetic filament tow imports into Singapore surged to 548 tons in 2022, with an increase of 294% against the previous year. Over the period under review, imports saw significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 335%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, synthetic filament tow imports surged to $5.6M in 2022. Overall, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Synthetic Filament Tow to Singapore in 2022:

1. Malaysia (533.7 tons)
2. China (6.5 tons)

Source: IndexBox Market Intelligence Platform