EU: Synthetic Filament Tow Market 2024

Synthetic Filament Tow Market Size in the EU

In 2022, the EU synthetic filament tow market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Synthetic Filament Tow Production in the EU

In value terms, synthetic filament tow production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Synthetic Filament Tow Exports

Exports in the EU

After two years of growth, shipments abroad of synthetic filament tow and staple fibers, not carded or combed decreased by X% to X tons in 2022. Total exports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then shrank sharply in the following year.

In value terms, synthetic filament tow exports dropped rapidly to $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then dropped sharply in the following year.

Exports by Country

In 2022, Belgium (X tons) and Germany (X tons) represented the key exporters of synthetic filament tow and staple fibers, not carded or combed in the European Union, together finishing at approx. X% of total exports. Ireland (X tons) took the next position in the ranking, followed by Denmark (X tons), Romania (X tons) and Portugal (X tons). All these countries together took near X% share of total exports. Italy (X tons), the Czech Republic (X tons), Austria (X tons), Poland (X tons), the Netherlands (X tons), Bulgaria (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Austria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic filament tow supplying countries in the European Union were Belgium ($X), Germany ($X) and Denmark ($X), with a combined X% share of total exports.

Among the main exporting countries, Denmark, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Spain ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced more modest paces of growth.

Synthetic Filament Tow Imports

Imports in the EU

In 2022, approx. X tons of synthetic filament tow and staple fibers, not carded or combed were imported in the European Union; dropping by X% compared with 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, synthetic filament tow imports expanded to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

The countries with the highest levels of synthetic filament tow imports in 2022 were Germany (X tons), Italy (X tons), Spain (X tons), Poland (X tons), Belgium (X tons), France (X tons) and the Netherlands (X tons), together accounting for X% of total import. The following importers - the Czech Republic (X tons), Bulgaria (X tons), Romania (X tons), Slovenia (X tons), Portugal (X tons) and Lithuania (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Belgium ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Among the main importing countries, Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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