CIS: Artificial Filament Tow Market 2024

Artificial Filament Tow Market Size in CIS

The CIS artificial filament tow market expanded significantly to $X in 2023, increasing by X% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2017 indices. The level of consumption peaked in 2023 and is likely to see gradual growth in years to come.

Artificial Filament Tow Production in CIS

In value terms, artificial filament tow production totaled $X in 2023 estimated in export price. Over the period under review, production continues to indicate prominent growth. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Artificial Filament Tow Exports

Exports in CIS

In 2023, shipments abroad of artificial filament tow was finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, recorded a mild descent. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2023, the growth of the exports failed to regain momentum.

In value terms, artificial filament tow exports surged to $X in 2023. Overall, exports, however, continue to indicate a mild downturn. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Russia was the major exporter of artificial filament tow in the CIS, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2023. It was distantly followed by Belarus (X tons), making up an X% share of total exports. Kazakhstan (X tons) held a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to artificial filament tow exports from Russia stood at X%. At the same time, Belarus (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2023. While the share of Belarus (X p.p.) and Kazakhstan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Russia (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest artificial filament tow supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Belarus ($X), with a X% share of total exports.

In Russia, artificial filament tow exports plunged by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2023, dropping by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the export price figures.

Artificial Filament Tow Imports

Imports in CIS

In 2023, the amount of artificial filament tow imported in the CIS skyrocketed to X tons, with an increase of X% against the year before. Over the period under review, imports, however, recorded a pronounced curtailment. The volume of import peaked at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, artificial filament tow imports skyrocketed to $X in 2023. Overall, imports saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

Russia was the largest importer of artificial filament tow in the CIS, with the volume of imports amounting to X tons, which was near X% of total imports in 2023. Belarus (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Armenia (X%). Uzbekistan (X tons) and Kazakhstan (X tons) held a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to artificial filament tow imports into Russia stood at X%. At the same time, Belarus (X%) and Armenia (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2023. By contrast, Uzbekistan (X%) and Kazakhstan (X%) illustrated a downward trend over the same period. While the share of Belarus (X p.p.), Uzbekistan (X p.p.) and Armenia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Kazakhstan (X p.p.) and Russia (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported artificial filament tow in the CIS, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with a X% share of total imports. It was followed by Armenia, with an X% share.

In Russia, artificial filament tow imports remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Armenia (X% per year).

Import Prices by Country

In 2023, the import price in the CIS amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a pronounced expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, artificial filament tow import price increased by X% against 2021 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Armenia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform