High Tenacity Filament Yarn Of Viscose Rayon (Excluding Sewing Thread) Prices in China
China High Tenacity Filament Yarn Of Viscose Rayon (Excluding Sewing Thread) Export Price in September 2022
In September 2022, the high tenacity filament yarn of viscose rayon (excluding sewing thread) price stood at $5,353 per ton (FOB, China), with an increase of 13% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2022 an increase of 260% month-to-month. As a result, the export price attained the peak level of $22,125 per ton. From August 2022 to September 2022, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In September 2022, the country with the highest price was Canada ($20.7 per kg), while the average price for exports to Uzbekistan ($2,780 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 Taiwan (Chinese) (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
China High Tenacity Filament Yarn Of Viscose Rayon (Excluding Sewing Thread) Exports
In September 2022, approximately 55 tons of high tenacity filament yarn of viscose rayon (excluding sewing thread) were exported from China; picking up by 3.8% against the previous month's figure. In general, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in March 2022 with an increase of 4,848% against the previous month. The exports peaked in September 2022.
In value terms, exports of high tenacity filament yarn of viscose rayon (excluding sewing thread) soared to $294K (IndexBox estimates) in September 2022. Overall, exports continue to indicate strong growth. The pace of growth appeared the most rapid in March 2022 when exports increased by 1,538% m-o-m. The exports peaked in September 2022.
China High Tenacity Filament Yarn Of Viscose Rayon (Excluding Sewing Thread) Exports by Country
Argentina (24 tons), Indonesia (12 tons) and Uzbekistan (11 tons) were the main destinations of exports of high tenacity filament yarn of viscose rayon (excluding sewing thread) from China, with a combined 87% share of total exports. These countries were followed by Kyrgyzstan, Canada and Malaysia, which together accounted for a further 13%.
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 Canada (with a CAGR of +19.0%), while the other leaders experienced more modest paces of growth.
In value terms, Argentina ($132K), Indonesia ($72K) and Canada ($45K) were the largest markets for high tenacity filament yarn of viscose rayon (excluding sewing thread) exported from China worldwide, together accounting for 85% of total exports.
Canada, with a CAGR of +15.4%, recorded the highest growth rate of the value of exports, in terms of 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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