Synthetic Filament Tow Price in Sri Lanka - 2021

Contents:

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

Synthetic Filament Tow Price in Sri Lanka (CIF) - 2022

The average synthetic filament tow import price stood at $3,812 per ton in 2022, surging by 5.2% against the previous year. Overall, the import price, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2014 an increase of 24%. As a result, import price reached the peak level of $7,401 per ton. From 2015 to 2022, the average 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 Japan ($49,389 per ton), while the price for China totaled $1,320 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+22.2%), while the prices for the other major suppliers experienced a decline.

Synthetic Filament Tow Price in Sri Lanka (FOB) - 2022

In 2022, the average synthetic filament tow export price amounted to $12,744 per ton, growing by 70% against the previous year. Over the period under review, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2014 an increase of 92% against the previous year. As a result, the export price reached the peak level of $22,623 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to +20.3% per year.

Synthetic Filament Tow Imports in Sri Lanka

In 2022, approx. 93 tons of synthetic filament tows were imported into Sri Lanka; jumping by 21% against the previous year's figure. The total import volume increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, synthetic filament tow imports soared to $356K in 2022. The total import value increased at an average annual rate of +6.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 33%. As a result, imports attained the peak of $390K. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Synthetic Filament Tow to Sri Lanka in 2022:

1. China (88.4 tons)
2. Japan (4.8 tons)

Synthetic Filament Tow Exports in Sri Lanka

Synthetic filament tow exports from Sri Lanka fell dramatically to 82 kg in 2022, waning by -95.2% compared with the previous year. In general, exports recorded a significant contraction. The growth pace was the most rapid in 2021 with an increase of 414%. As a result, the exports attained the peak of 1.7 tons, and then shrank remarkably in the following year.

In value terms, synthetic filament tow exports contracted sharply to $1K in 2022. Over the period under review, exports saw a sharp setback. The pace of growth appeared the most rapid in 2021 when exports increased by 311%. As a result, the exports reached the peak of $13K, and then reduced dramatically in the following year.

Top Export Markets for Synthetic Filament Tow from Sri Lanka in 2022:

1. Maldives (82.0 kg)

Source: IndexBox Market Intelligence Platform