Synthetic Filament Tow Price in Mexico - 2022

Contents:

1. Synthetic Filament Tow Price in Mexico (CIF) - 2022
2. Synthetic Filament Tow Price in Mexico (FOB) - 2022
3. Synthetic Filament Tow Imports in Mexico
4. Synthetic Filament Tow Exports in Mexico

Synthetic Filament Tow Price in Mexico (CIF) - 2022

The average synthetic filament tow import price stood at $4,845 per ton in 2022, shrinking by -71.3% against the previous year. Over the period under review, the import price, however, posted a resilient increase. The growth pace was the most rapid in 2021 when the average import price increased by 222% against the previous year. As a result, import price attained the peak level of $16,903 per ton, and then contracted notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($17,952 per ton), while the price for Turkey totaled $4,716 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Synthetic Filament Tow Price in Mexico (FOB) - 2022

In 2022, the average synthetic filament tow export price amounted to $25 per ton, falling by -99.2% against the previous year. Over the period under review, the export price faced a sharp setback. The growth pace was the most rapid in 2019 an increase of 21% against the previous year. The export price peaked at $3,303 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for New Zealand amounted to +5.7% per year.

Synthetic Filament Tow Imports in Mexico

For the third year in a row, Mexico recorded decline in overseas purchases of synthetic filament tows, which decreased by -90.8% to 28 tons in 2022. Overall, imports faced a sharp decline. The smallest decline of -35.3% was in 2020.

In value terms, synthetic filament tow imports reduced markedly to $135K in 2022. In general, imports showed a precipitous decline. The growth pace was the most rapid in 2021 when imports increased by 62% against the previous year. As a result, imports reached the peak of $5.1M, and then dropped notably in the following year.

Top Suppliers of Synthetic Filament Tow to Mexico in 2022:

1. Turkey (27.6 tons)
2. United States (0.3 tons)

Synthetic Filament Tow Exports in Mexico

In 2022, overseas shipments of synthetic filament tows decreased by -82.5% to 1.6K tons, falling for the second year in a row after two years of growth. Overall, exports showed a significant decline. The pace of growth appeared the most rapid in 2020 when exports increased by 84%. As a result, the exports attained the peak of 11K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, synthetic filament tow exports declined notably to $39K in 2022. In general, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 82%. As a result, the exports attained the peak of $34M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Synthetic Filament Tow from Mexico in 2022:

1. United States (10.8 tons)

Source: IndexBox Market Intelligence Platform