Price for Fibres; Synthetic Filament Tow, of Polypropylene in South Korea - 2022

Contents:

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

Price for Fibres; Synthetic Filament Tow, of Polypropylene in South Korea (FOB) - 2022

The average export price for fibres; synthetic filament tow, of polypropylene stood at $2,031 per ton in December 2022, almost unchanged from the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 an increase of 2.8% against the previous month. The export price peaked at $2,303 per ton in April 2022; however, from May 2022 to December 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In December 2022, the highest price was recorded for prices to Tanzania ($2,053 per ton) and China ($2,047 per ton), while the average price for exports to Uganda ($1,800 per ton) and South Africa ($1,836 per ton) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (0.0%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Fibres; Synthetic Filament Tow, of Polypropylene in South Korea (CIF) - 2022

In 2022, the average import price for fibres; synthetic filament tow, of polypropylene amounted to $3,662 per ton, growing by 14% against the previous year. In general, the import price saw buoyant growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by 1,568%. Over the period under review, average import prices hit record highs at $22,549 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($12,118 per ton), while the price for China totaled $2,290 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.1%).

Exports of Fibres; Synthetic Filament Tow, of Polypropylene in South Korea

In 2022, shipments abroad of fibres; synthetic filament tow, of polypropylene decreased by -40.9% to 5.6K tons, falling for the second year in a row after two years of growth. In general, exports saw a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 36%. As a result, the exports reached the peak of 10K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of fibres; synthetic filament tow, of polypropylene fell dramatically to $12M in 2022. Over the period under review, exports saw a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 30%. As a result, the exports reached the peak of $24M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Fibres; Synthetic Filament Tow, of Polypropylene from South Korea in 2022:

1. Tanzania (2695.9 tons)
2. China (937.6 tons)
3. Kenya (676.3 tons)
4. Haiti (663.6 tons)
5. Togo (225.3 tons)
6. South Africa (156.3 tons)
7. Zambia (14.0 tons)

Imports of Fibres; Synthetic Filament Tow, of Polypropylene in South Korea

For the fourth year in a row, South Korea recorded growth in supplies from abroad of fibres; synthetic filament tow, of polypropylene, which increased by 97% to 78 tons in 2022. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 965% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, imports of fibres; synthetic filament tow, of polypropylene soared to $285K in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 293%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Fibres; Synthetic Filament Tow, of Polypropylene to South Korea in 2022:

1. China (67.0 tons)
2. United States (10.9 tons)

Source: IndexBox Market Intelligence Platform