Synthetic Filament Tow Price in the Philippines - 2023
Contents:
- Synthetic Filament Tow Price in the Philippines (CIF) - 2022
- Synthetic Filament Tow Price in the Philippines (FOB) - 2022
- Synthetic Filament Tow Imports in the Philippines
- Synthetic Filament Tow Exports in the Philippines
Synthetic Filament Tow Price in the Philippines (CIF) - 2022
The average synthetic filament tow import price stood at $3,746 per ton in 2022, with an increase of 19% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, synthetic filament tow import price increased by +86.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 38% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($4,488 per ton), while the price for China ($2,280 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Synthetic Filament Tow Price in the Philippines (FOB) - 2022
The average synthetic filament tow export price stood at $8,667 per ton in 2022, which is down by -32.9% against the previous year. In general, the export price, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 203% against the previous year. The export price peaked at $12,921 per ton in 2021, and then contracted sharply in the following year.
As there is only one major export destination, the average price level is determined by prices for Cambodia.
From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +23.2% per year.
Synthetic Filament Tow Imports in the Philippines
In 2022, approx. 4.5K tons of synthetic filament tows were imported into the Philippines; growing by 153% against 2021. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, synthetic filament tow imports surged to $17M in 2022. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Synthetic Filament Tow in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 0.4 | 2.3 | 2.6 | 12.4 | 214.1% |
| Thailand | 3.2 | 2.5 | 1.9 | 4.0 | 7.7% |
| China | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| Indonesia | 0.1 | 0.2 | 0.2 | N/A | 41.4% |
| Taiwan (Chinese) | 0.1 | 0.3 | 0.1 | N/A | 0.0% |
| Others | 0.3 | 0.9 | 0.6 | 0.1 | -30.7% |
| Total | 4.1 | 6.4 | 5.6 | 16.7 | 59.7% |
Top Suppliers of Synthetic Filament Tow to the Philippines in 2022:
- Japan (2.8K tons)
- Thailand (1.5K tons)
- China (0.1K tons)
Synthetic Filament Tow Exports in the Philippines
In 2022, approx. 541 kg of synthetic filament tows were exported from the Philippines; reducing by -72.2% against the previous year's figure. Overall, exports faced a significant contraction. The smallest decline of -62.1% was in 2021.
In value terms, synthetic filament tow exports shrank dramatically to $4.7K in 2022. Over the period under review, exports saw a precipitous curtailment. The smallest decline of -44.9% was in 2021.
| Export of Synthetic Filament Tow in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | N/A | 6.1 | N/A | 4.7 | -12.2% |
| China | 10.1 | 3.2 | 1.3 | N/A | -64.1% |
| Thailand | 70.6 | 34.8 | 22.5 | N/A | -43.5% |
| Others | 2.8 | 1.4 | 1.3 | N/A | -31.9% |
| Total | 83.5 | 45.6 | 25.1 | 4.7 | -61.7% |
Top Export Markets for Synthetic Filament Tow from the Philippines in 2022:
- Cambodia (541.0 kg)
435
This report provides an in-depth analysis of the synthetic filament tow market in the Philippines.
354
This report provides an in-depth analysis of the acrylic staple market in the Philippines.
370
This report provides an in-depth analysis of the polyester staple market in the Philippines.
296
This report provides an in-depth analysis of the polypropylene synthetic staple market in the Philippines.
169
This report provides an in-depth analysis of the market for polyester tow and staple, not carded, combed or otherwise processed for spinning in the Philippines.
156
This report provides an in-depth analysis of the market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning in the Philippines.
130
This report provides an in-depth analysis of the market for other synthetic tow and staple not carded, combed or otherwise processed for spinning in the Philippines.
1203
This report provides an in-depth analysis of the global synthetic filament tow market.
444
Global Acrylic Staple Market Report 2018. This report provides an in-depth analysis of the global acrylic staple market.
576
Global Polyester Staple Market Report 2018. This report provides an in-depth analysis of the global polyester staple market.
129
Discover the top 10 import markets for synthetic filament tow based on import value data from IndexBox platform. Learn about the key countries driving the demand for this essential material.
1182
In 2016, approx. X tons of synthetic filament tow were imported worldwide- descending by -X% against the previous year level. In general, synthetic filament tow imports continue to indicate a m...
1174
In 2016, approx. X tons of synthetic filament tow were imported worldwide- descending by -X% against the previous year level. In general, synthetic filament tow imports continue to indicate a m...
129
Discover the top 10 import markets for synthetic filament tow based on import value data from IndexBox platform. Learn about the key countries driving the demand for this essential material.
1182
In 2016, approx. X tons of synthetic filament tow were imported worldwide- descending by -X% against the previous year level. In general, synthetic filament tow imports continue to indicate a m...
1174
In 2016, approx. X tons of synthetic filament tow were imported worldwide- descending by -X% against the previous year level. In general, synthetic filament tow imports continue to indicate a m...
