Elastomeric Filament Yarn Prices in China
China Elastomeric Filament Yarn Export Price in September 2022
In September 2022, the elastomeric filament yarn price amounted to $5,739 per ton (FOB, China), declining by -3% against the previous month. In general, the export price saw a abrupt slump. The most prominent rate of growth was recorded in May 2022 an increase of 0.6% against the previous month. The export price peaked at $9,133 per ton in January 2022; however, from February 2022 to September 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In September 2022, the country with the highest price was the Netherlands ($9,334 per ton), while the average price for exports to Russia ($2,410 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.2%), while the prices for the other major destinations experienced a decline.
China Elastomeric Filament Yarn Exports
In September 2022, overseas shipments of elastomeric filament yarn increased by 3.9% to 5.6K tons for the first time since June 2022, thus ending a two-month declining trend. Over the period under review, exports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in June 2022 when exports increased by 23% m-o-m. Over the period under review, the exports reached the peak figure at 9.1K tons in January 2022; however, from February 2022 to September 2022, the exports failed to regain momentum.
In value terms, elastomeric filament yarn exports stood at $32M (IndexBox estimates) in September 2022. In general, exports, however, saw a deep setback. The pace of growth appeared the most rapid in June 2022 when exports increased by 16% month-to-month. Over the period under review, the exports hit record highs at 83K tons in January 2022; however, from February 2022 to September 2022, the exports remained at a lower figure.
China Elastomeric Filament Yarn Exports by Country
Turkey (555 tons), South Korea (431 tons) and Brazil (427 tons) were the main destinations of elastomeric filament yarn exports from China, together accounting for 25% of total exports.
From January 2022 to September 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +18.4%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for elastomeric filament yarn exported from China were the Netherlands ($3.5M), Vietnam ($2.8M) and Turkey ($2.5M), together comprising 27% of total exports.
The Netherlands, with a CAGR of +16.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
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