Synthetic Filament Tow Price in the United Arab Emirates - 2021
Contents:
- Synthetic Filament Tow Price in the United Arab Emirates (CIF) - 2022
- Synthetic Filament Tow Price in the United Arab Emirates (FOB) - 2022
- Synthetic Filament Tow Imports in the United Arab Emirates
- Synthetic Filament Tow Exports in the United Arab Emirates
Synthetic Filament Tow Price in the United Arab Emirates (CIF) - 2022
In 2022, the average synthetic filament tow import price amounted to $2,018 per ton, waning by -13.8% against the previous year. In general, the import price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 42% against the previous year. The import price peaked at $2,840 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($2,133 per ton), while the price for China ($1,998 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Synthetic Filament Tow Price in the United Arab Emirates (FOB) - 2022
The average synthetic filament tow export price stood at $1,815 per ton in 2022, dropping by -8.6% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 125%. As a result, the export price reached the peak level of $3,279 per ton. From 2018 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 India.
From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +18.4% per year.
Synthetic Filament Tow Imports in the United Arab Emirates
In 2022, overseas purchases of synthetic filament tows decreased by -6.8% to 3.8K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.0% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 64% against the previous year.
In value terms, synthetic filament tow imports declined rapidly to $7.6M in 2022. Overall, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 65% against the previous year. As a result, imports attained the peak of $9.4M, and then reduced sharply in the following year.
| Import of Synthetic Filament Tow in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 4.7 | 4.4 | 5.6 | 9.2% |
| India | 0.2 | N/A | 0.3 | 1.1 | 76.5% |
| South Korea | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Thailand | 0.3 | 0.2 | 0.3 | N/A | 0.0% |
| Portugal | 0.5 | N/A | N/A | N/A | 0% |
| Belarus | 2.5 | 0.7 | 4.0 | N/A | 26.5% |
| Others | 0.5 | N/A | 0.4 | 0.4 | -7.2% |
| Total | 4.1 | 5.7 | 9.4 | 7.6 | 22.8% |
Top Suppliers of Synthetic Filament Tow to the United Arab Emirates in 2022:
- China (2814.6 tons)
- India (536.8 tons)
- South Korea (203.8 tons)
Synthetic Filament Tow Exports in the United Arab Emirates
In 2022, overseas shipments of synthetic filament tows decreased by -30.3% to 1.5K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 154% against the previous year. As a result, the exports attained the peak of 2.2K tons, and then dropped significantly in the following year.
In value terms, synthetic filament tow exports declined significantly to $2.7M in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 266% against the previous year. As a result, the exports attained the peak of $4.3M, and then contracted remarkably in the following year.
| Export of Synthetic Filament Tow in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 233 | N/A | 1,980 | 2,706 | 126.5% |
| Kenya | 454 | N/A | 189 | N/A | -35.5% |
| Zambia | 591 | 1,123 | 1,877 | N/A | 78.2% |
| Saudi Arabia | 123 | 17.1 | 34.6 | N/A | -47.0% |
| Others | 68.1 | 33.5 | 211 | 26.1 | -27.4% |
| Total | 1,470 | 1,174 | 4,291 | 2,733 | 23.0% |
Top Export Markets for Synthetic Filament Tow from the United Arab Emirates in 2022:
- India (1501.7 tons)
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