
South Africa - Synthetic Filament Tow And Staple Fibers, Not Carded Or Combed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSouth Africa's October 2023 Export of Synthetic Filament Tow Plummets to $4.2M
South Africa Synthetic Filament Tow Exports
Synthetic filament tow exports from South Africa shrank sharply to 2.8K tons in October 2023, dropping by -19.8% on the previous month's figure. Over the period under review, total exports indicated slight growth from October 2022 to October 2023: its volume increased at an average monthly rate of +1.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, exports increased by +2.8% against July 2023 indices. The most prominent rate of growth was recorded in November 2022 with an increase of 45% m-o-m.
In value terms, synthetic filament tow exports declined sharply to $4.2M (IndexBox estimates) in October 2023. In general, exports saw a slight decrease. The most prominent rate of growth was recorded in March 2023 with an increase of 40% month-to-month. As a result, the exports attained the peak of $6.3M. From April 2023 to October 2023, the growth of the exports failed to regain momentum.
COUNTRY | Export Value of Synthetic Filament Tow in South Africa (thousand USD) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | |
Mozambique | 1,495 | 1,789 | 1,592 | 699 | 1,251 | 1,928 | 1,249 | 1,729 | 1,461 | 1,285 | 2,009 | 1,336 | 1,534 |
Zambia | 837 | 573 | 408 | 479 | 616 | 846 | 615 | 863 | 752 | 518 | 612 | 680 | 909 |
Zimbabwe | 130 | 99.0 | 69.9 | 155 | 214 | 482 | 322 | 227 | 243 | 341 | 279 | 479 | 150 |
Lithuania | 84.8 | 97.0 | 213 | 384 | 149 | 22.6 | 20.9 | 133 | 190 | 258 | 239 | 22.0 | 61.3 |
United Kingdom | 79.8 | 225 | 117 | 232 | 329 | 121 | N/A | 232 | 105 | 158 | 126 | 109 | 46.0 |
Others | 2,635 | 2,063 | 1,236 | 1,365 | 1,901 | 2,853 | 2,681 | 1,786 | 2,456 | 1,481 | 1,911 | 2,549 | 1,487 |
Total | 5,262 | 4,846 | 3,636 | 3,314 | 4,459 | 6,253 | 4,889 | 4,969 | 5,208 | 4,041 | 5,177 | 5,176 | 4,188 |
Exports by Country
Mozambique (709 tons), Zambia (533 tons) and Zimbabwe (127 tons) were the main destinations of synthetic filament tow exports from South Africa, with a combined 49% share of total exports. The UK and Lithuania lagged somewhat behind, together comprising a further 5.8%.
From October 2022 to October 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +2.5%), while the other leaders experienced more modest paces of growth.
In value terms, Mozambique ($1.5M), Zambia ($909K) and Zimbabwe ($150K) were the largest markets for synthetic filament tow exported from South Africa worldwide, with a combined 62% share of total exports.
In terms of the main countries of destination, Zimbabwe, with a CAGR of +1.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports by Type
Synthetic staple fibres, not carded, combed or otherwise processed for spinning (2.3K tons) was the largest type of synthetic filament tow exported from South Africa, accounting for a 80% share of total exports. Moreover, synthetic staple fibres, not carded, combed or otherwise processed for spinning exceeded the volume of the second product type, synthetic filament tow (560 tons), fourfold.
From October 2022 to October 2023, the average monthly rate of growth in terms of the volume of export of synthetic staple fibres, not carded, combed or otherwise processed for spinning amounted to +2.8%.
In value terms, synthetic staple fibres, not carded, combed or otherwise processed for spinning ($2.7M) and synthetic filament tow ($1.4M) were the most exported types of synthetic filament tow and staple fibers, not carded or combed from South Africa worldwide.
Synthetic filament tow, with a CAGR of -0.9%, recorded the highest growth rate of the value of exports, in terms of the main product categories over the period under review.
Export Prices by Country
In October 2023, the synthetic filament tow price stood at $1,489 per ton (FOB, South Africa), leveling off at the previous month. In general, the export price, however, saw a pronounced downturn. The pace of growth was the most pronounced in December 2022 an increase of 17% against the previous month. Over the period under review, the average export prices reached the maximum at $2,283 per ton in October 2022; however, from November 2022 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Swaziland ($3,104 per ton), while the average price for exports to China ($398 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the synthetic filament tow market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20601110 - Aramids staple, not carded, combed or otherwise processed for spinning
- Prodcom 20601120 - Other polyamide tow and staple, not carded, combed or otherwise processed for spinning
- Prodcom 20601130 - Polyester tow and staple, not carded, combed or otherwise processed for spinning
- Prodcom 20601140 - Acrylic tow and staple, not carded, combed or otherwise processed for spinning
- Prodcom 20601150 - Polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning
- Prodcom 20601190 - Other synthetic tow and staple not carded, combed or otherwise processed for spinning
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024