Synthetic Filament Tow Price in Ecuador - 2022
Contents:
- Synthetic Filament Tow Price in Ecuador (CIF) - 2022
- Synthetic Filament Tow Price in Ecuador (FOB) - 2022
- Synthetic Filament Tow Imports in Ecuador
- Synthetic Filament Tow Exports in Ecuador
Synthetic Filament Tow Price in Ecuador (CIF) - 2022
In January 2022, the average synthetic filament tow import price amounted to $3,406 per ton, rising by 5.6% against the previous month. In general, import price indicated a buoyant increase from January 2021 to January 2022: its price increased at an average monthly rate of +5.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, synthetic filament tow import price increased by +10.7% against September 2021 indices. The growth pace was the most rapid in April 2021 an increase of 25% against the previous month. Over the period under review, average import prices attained the maximum in January 2022.
Average prices varied noticeably amongst the major supplying countries. In January 2022, the country with the highest price was Peru ($3,272 per ton), while the price for South Korea totaled $3,250 per ton.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Synthetic Filament Tow Price in Ecuador (FOB) - 2022
In 2022, the average synthetic filament tow export price amounted to $2,013 per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 39%. Over the period under review, the average export prices hit record highs at $3,393 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Chile.
From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to -2.3% per year.
Synthetic Filament Tow Imports in Ecuador
In 2022, approx. 2.9K tons of synthetic filament tows were imported into Ecuador; waning by -22.9% compared with 2021. Overall, imports showed a deep slump. The growth pace was the most rapid in 2021 when imports increased by 85%.
In value terms, synthetic filament tow imports fell remarkably to $7.5M in 2022. Over the period under review, imports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 143%.
| Import of Synthetic Filament Tow in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 3.6 | 1.2 | 4.5 | 3.0 | -5.9% |
| Germany | 4.1 | 1.3 | 3.1 | 2.0 | -21.3% |
| Turkey | 2.6 | 0.9 | 1.3 | 1.0 | -27.3% |
| South Korea | 0.1 | 0.2 | 1.1 | 1.0 | 115.4% |
| Belgium | 0.3 | 0.2 | 0.1 | 0.1 | -30.7% |
| China | N/A | 0.1 | 0.2 | 0.1 | 0.0% |
| Others | 0.4 | 0.5 | 0.4 | 0.2 | -20.6% |
| Total | 11.2 | 4.4 | 10.6 | 7.5 | -12.5% |
Top Suppliers of Synthetic Filament Tow to Ecuador in 2022:
- Peru (1154.5 tons)
- Germany (763.9 tons)
- Turkey (463.4 tons)
- South Korea (353.0 tons)
- Belgium (66.3 tons)
- China (47.0 tons)
Synthetic Filament Tow Exports in Ecuador
In 2022, after three years of growth, there was significant decline in overseas shipments of synthetic filament tows, when their volume decreased by -8.1% to 26 tons. The total export volume increased at an average annual rate of +9.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 19% against the previous year.
In value terms, synthetic filament tow exports reduced to $53K in 2022. The total export value increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 20%.
| Export of Synthetic Filament Tow in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 27.6 | 47.9 | 57.5 | 52.7 | 24.1% |
| Others | 12.4 | N/A | N/A | N/A | 0% |
| Total | 39.9 | 47.9 | 57.5 | 52.7 | 9.7% |
Top Export Markets for Synthetic Filament Tow from Ecuador in 2022:
- Chile (26.2 tons)
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