Synthetic Filament Tow Price in Peru - 2021

Contents:

1. Synthetic Filament Tow Price in Peru (FOB) - 2021
2. Synthetic Filament Tow Price in Peru (CIF) - 2021
3. Synthetic Filament Tow Exports in Peru
4. Synthetic Filament Tow Imports in Peru

Synthetic Filament Tow Price in Peru (FOB) - 2021

In March 2020, the average synthetic filament tow export price amounted to $2,096 per ton, waning by -9.7% against the previous month. Over the period from January 2020 to March 2020, it increased at an average monthly rate of +8.3%. The most prominent rate of growth was recorded in February 2020 when the average export price increased by 30% against the previous month. As a result, the export price attained the peak level of $2,321 per ton, and then contracted in the following month.

There were significant differences in the average prices for the major export markets. In March 2020, the country with the highest price was Bolivia ($3,127 per ton), while the average price for exports to India ($1,753 per ton) was amongst the lowest.

From January 2020 to March 2020, the most notable rate of growth in terms of prices was recorded for supplies to India (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Filament Tow Price in Peru (CIF) - 2021

The average synthetic filament tow import price stood at $2,876 per ton in April 2020, picking up by 6.1% against the previous month. Over the period from January 2020 to April 2020, it increased at an average monthly rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From January 2020 to April 2020, the rate of growth in terms of prices for Germany amounted to +1.0% per month.

Synthetic Filament Tow Exports in Peru

In 2022, approx. 3.3K tons of synthetic filament tows were exported from Peru; falling by -24.3% against the previous year's figure. Over the period under review, total exports indicated a notable expansion from 2019 to 2022: its volume increased at an average annual rate of +3.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 95%. As a result, the exports reached the peak of 4.4K tons, and then reduced notably in the following year.

In value terms, synthetic filament tow exports fell remarkably to $7.2M in 2022. In general, exports, however, posted moderate growth. The most prominent rate of growth was recorded in 2021 when exports increased by 218%. As a result, the exports attained the peak of $11M, and then shrank notably in the following year.

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

1. Ecuador (1489.9 tons)
2. India (1479.3 tons)
3. Bolivia (324.7 tons)

Synthetic Filament Tow Imports in Peru

In 2022, approx. 2.2K tons of synthetic filament tows were imported into Peru; growing by 3.3% compared with 2021 figures. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 3.8%. As a result, imports reached the peak of 2.3K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, synthetic filament tow imports contracted modestly to $5.8M in 2022. Over the period under review, imports, however, continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2021 when imports increased by 10% against the previous year.

Top Suppliers of Synthetic Filament Tow to Peru in 2022:

1. Germany (2023.5 tons)
2. Turkey (147.7 tons)
3. Colombia (54.3 tons)

Source: IndexBox Market Intelligence Platform