Synthetic Filament Tow Price in Brazil - 2023
Contents:
- Synthetic Filament Tow Price in Brazil (CIF) - 2023
- Synthetic Filament Tow Price in Brazil (FOB) - 2022
- Synthetic Filament Tow Imports in Brazil
- Synthetic Filament Tow Exports in Brazil
Synthetic Filament Tow Price in Brazil (CIF) - 2023
The average synthetic filament tow import price stood at $2,103 per ton in September 2023, dropping by -2.2% against the previous month. Overall, the import price recorded a noticeable decline. The most prominent rate of growth was recorded in July 2023 an increase of 10% against the previous month. The import price peaked at $3,078 per ton in October 2022; however, from November 2022 to September 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was China ($2,559 per ton), while the price for Portugal amounted to $2,013 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (-1.3%), while the prices for the other major suppliers experienced a decline.
Synthetic Filament Tow Price in Brazil (FOB) - 2022
The average synthetic filament tow export price stood at $10,768 per ton in 2022, increasing by 46% against the previous year. Overall, the export price posted a resilient increase. The most prominent rate of growth was recorded in 2013 an increase of 87%. The export price peaked at $12,217 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($38,270 per ton), while the average price for exports to Portugal ($1,238 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 Switzerland (+99.9%), while the prices for the other major destinations experienced more modest paces of growth.
Synthetic Filament Tow Imports in Brazil
In 2022, the amount of synthetic filament tows imported into Brazil skyrocketed to 4.7K tons, rising by 38% against 2021. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 38% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, synthetic filament tow imports skyrocketed to $15M in 2022. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 112%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Synthetic Filament Tow in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.3 | 0.2 | 0.8 | 8.0 | 198.8% |
| Thailand | N/A | N/A | 2.7 | 4.3 | 59.3% |
| Portugal | 3.0 | 3.2 | 6.2 | 1.7 | -17.2% |
| South Korea | N/A | N/A | N/A | 0.7 | 0% |
| Germany | 1.5 | 1.0 | 0.1 | 0.1 | -59.5% |
| Others | 0.7 | 0.3 | 0.2 | 0.3 | -24.6% |
| Total | 5.4 | 4.7 | 9.9 | 15.1 | 40.9% |
Top Suppliers of Synthetic Filament Tow to Brazil in 2022:
- China (2586.0 tons)
- Thailand (1314.1 tons)
- Portugal (529.5 tons)
- South Korea (207.0 tons)
- Germany (57.0 tons)
Synthetic Filament Tow Exports in Brazil
In 2022, shipments abroad of synthetic filament tows decreased by -8.9% to 50 tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a precipitous shrinkage. The growth pace was the most rapid in 2020 when exports increased by 692%. As a result, the exports reached the peak of 1.4K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, synthetic filament tow exports soared to $539K in 2022. In general, exports continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2020 with an increase of 377% against the previous year. As a result, the exports reached the peak of $9.5M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Synthetic Filament Tow in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 260 | 0% |
| Colombia | 59.8 | 168 | 116 | 120 | 26.1% |
| Ecuador | N/A | 100 | N/A | 92.0 | -4.1% |
| United States | 133 | 8,396 | N/A | 39.1 | -33.5% |
| Paraguay | N/A | 43.8 | 21.0 | 11.6 | -48.5% |
| Portugal | 10.5 | 2.7 | 7.2 | 4.7 | -23.5% |
| United Kingdom | 1,301 | N/A | N/A | N/A | 0% |
| Others | 494 | 827 | 262 | 12.1 | -71.0% |
| Total | 1,999 | 9,538 | 405 | 539 | -35.4% |
Top Export Markets for Synthetic Filament Tow from Brazil in 2022:
- China (18.3 tons)
- Colombia (15.2 tons)
- Ecuador (6.1 tons)
- Portugal (3.8 tons)
- Paraguay (3.3 tons)
- United States (2.3 tons)
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