Synthetic Filament Tow Price in the Dominican Republic - 2022
Contents:
- Synthetic Filament Tow Price in the Dominican Republic (CIF) - 2022
- Synthetic Filament Tow Price in the Dominican Republic (FOB) - 2022
- Synthetic Filament Tow Imports in the Dominican Republic
- Synthetic Filament Tow Exports in the Dominican Republic
Synthetic Filament Tow Price in the Dominican Republic (CIF) - 2022
The average synthetic filament tow import price stood at $2,396 per ton in 2022, declining by -8.4% against the previous year. Overall, the import price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2014 when the average import price increased by 75%. As a result, import price attained the peak level of $5,329 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Guatemala.
From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to +1.8% per year.
Synthetic Filament Tow Price in the Dominican Republic (FOB) - 2022
The average synthetic filament tow export price stood at $1,185 per ton in 2022, increasing by 9.3% against the previous year. Over the period under review, the export price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 503%. As a result, the export price attained the peak level of $18,682 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -7.1% per year.
Synthetic Filament Tow Imports in the Dominican Republic
In 2022, imports of synthetic filament tows into the Dominican Republic surged to 18 tons, increasing by 101% compared with the previous year's figure. In general, imports saw a mild increase.
In value terms, synthetic filament tow imports skyrocketed to $43K in 2022. Overall, imports saw moderate growth.
| Import of Synthetic Filament Tow in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 0.6 | 2.3 | 0.3 | 42.8 | 314.7% |
| South Korea | 1.0 | 2.8 | 0.9 | N/A | -5.1% |
| Japan | 34.9 | 60.1 | 21.0 | N/A | -22.4% |
| Others | 1.5 | 3.2 | 1.1 | N/A | -14.4% |
| Total | 38.0 | 68.4 | 23.3 | 42.8 | 4.0% |
Top Suppliers of Synthetic Filament Tow to the Dominican Republic in 2022:
- Guatemala (17.9 tons)
Synthetic Filament Tow Exports in the Dominican Republic
In 2022, shipments abroad of synthetic filament tows decreased by -6.5% to 7.4 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +7.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year.
In value terms, synthetic filament tow exports rose slightly to $8.8K in 2022. Over the period under review, exports showed a perceptible slump.
| Export of Synthetic Filament Tow in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.1 | 6.5 | 8.6 | 8.8 | -1.1% |
| Others | 0.3 | 2.5 | N/A | N/A | 733.3% |
| Total | 9.4 | 9.0 | 8.6 | 8.8 | -2.2% |
Top Export Markets for Synthetic Filament Tow from the Dominican Republic in 2022:
- United States (7.4 tons)
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