Price for Fibres; Synthetic Filament Tow, of Polyesters in Singapore - 2022

Contents:

1. Price for Fibres; Synthetic Filament Tow, of Polyesters in Singapore (CIF) - 2022
2. Price for Fibres; Synthetic Filament Tow, of Polyesters in Singapore (FOB) - 2022
3. Imports of Fibres; Synthetic Filament Tow, of Polyesters in Singapore
4. Exports of Fibres; Synthetic Filament Tow, of Polyesters in Singapore

Price for Fibres; Synthetic Filament Tow, of Polyesters in Singapore (CIF) - 2022

In September 2022, the average import price for fibres; synthetic filament tow, of polyesterses amounted to $12,618 per ton, almost unchanged from the previous month. Over the last twelve months, it increased at an average monthly rate of +1.7%. The pace of growth was the most pronounced in January 2022 an increase of 28% against the previous month. Over the period under review, average import prices reached the peak figure at $17,510 per ton in May 2022; however, from June 2022 to September 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Malaysia.

From September 2021 to September 2022, the rate of growth in terms of prices for Malaysia amounted to +1.7% per month.

Price for Fibres; Synthetic Filament Tow, of Polyesters in Singapore (FOB) - 2022

In September 2022, the average export price for fibres; synthetic filament tow, of polyesterses amounted to $12,618 per ton, approximately reflecting the previous month. Over the last twelve months, it increased at an average monthly rate of +1.7%. The pace of growth appeared the most rapid in January 2022 when the average export price increased by 28% month-to-month. Over the period under review, the average export prices attained the peak figure at $17,510 per ton in May 2022; however, from June 2022 to September 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In September 2022, the country with the highest price was Indonesia ($15,715 per ton), while the average price for exports to China ($11,829 per ton) was amongst the lowest.

From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fibres; Synthetic Filament Tow, of Polyesters in Singapore

In 2022, imports of fibres; synthetic filament tow, of polyesterses into Singapore skyrocketed to 540 tons, increasing by 225% against the year before. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 2,625% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of fibres; synthetic filament tow, of polyesterses surged to $5.5M in 2022. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 7,466% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Fibres; Synthetic Filament Tow, of Polyesters to Singapore in 2022:

1. Malaysia (533.7 tons)
2. United States (5.8 tons)

Exports of Fibres; Synthetic Filament Tow, of Polyesters in Singapore

In 2022, the amount of fibres; synthetic filament tow, of polyesterses exported from Singapore surged to 537 tons, rising by 313% against 2021 figures. Overall, exports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 6,466%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of fibres; synthetic filament tow, of polyesterses skyrocketed to $5.4M in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 12,328% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Fibres; Synthetic Filament Tow, of Polyesters from Singapore in 2022:

1. Indonesia (234.7 tons)
2. China (210.2 tons)
3. Bangladesh (70.9 tons)
4. Hong Kong SAR (14.8 tons)

Source: IndexBox Market Intelligence Platform