United Kingdom: Synthetic Filament Tow Market 2024

Synthetic Filament Tow Market Size in the UK

The UK synthetic filament tow market shrank modestly to $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, leveling off in the following year.

Synthetic Filament Tow Production in the UK

In value terms, synthetic filament tow production stood at $X in 2022 estimated in export price. Over the period under review, production, however, showed a tangible expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Synthetic Filament Tow Exports

Exports from the UK

For the sixth consecutive year, the UK recorded decline in shipments abroad of synthetic filament tow and staple fibers, not carded or combed, which decreased by X% to X tons in 2022. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, synthetic filament tow exports contracted to $X in 2022. Over the period under review, exports showed a deep downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for synthetic filament tow exports from the UK, with a X% share of total exports. Moreover, synthetic filament tow exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), threefold. Ireland (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Ireland (X% per year).

In value terms, the largest markets for synthetic filament tow exported from the UK were Italy ($X), China ($X) and the United States ($X), together accounting for X% of total exports. Germany, France, Portugal, Lithuania, Turkey, Ireland, the Netherlands, India, Belgium and Brazil lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Lithuania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average synthetic filament tow export price amounted to $X per ton, growing by X% against the previous year. Overall, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% 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 export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Filament Tow Imports

Imports into the UK

In 2022, the amount of synthetic filament tow and staple fibers, not carded or combed imported into the UK dropped to X tons, waning by X% compared with 2021 figures. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, synthetic filament tow imports reduced to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

South Korea (X tons), Vietnam (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of synthetic filament tow imports to the UK, together accounting for X% of total imports. Indonesia, Belgium, China, Ireland, Germany, Portugal, India, Japan, the United States and Thailand lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic filament tow suppliers to the UK were South Korea ($X), Vietnam ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports. Japan, Portugal, China, Belgium, Germany, Indonesia, the United States, Ireland, India and Thailand lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Portugal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average synthetic filament tow import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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