Netherlands: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in the Netherlands

In 2021, the Dutch synthetic filament tow market increased by 28% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption saw a resilient expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Synthetic Filament Tow Production in the Netherlands

In value terms, synthetic filament tow production surged to $X in 2021 estimated in export price. Overall, production continues to indicate a strong expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 257%. Synthetic filament tow production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Synthetic Filament Tow Exports

Exports from the Netherlands

In 2021, shipments abroad of synthetic filament tow and staple fibers, not carded or combed increased by 34% to X tons, rising for the third year in a row after two years of decline. In general, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2020 when exports increased by 581% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, synthetic filament tow exports surged to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 293% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for synthetic filament tow exports from the Netherlands, accounting for a 9.4% share of total exports. Moreover, synthetic filament tow exports to Germany exceeded the volume sent to the second major destination, Morocco (X tons), threefold. The UK (X tons) ranked third in terms of total exports with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to -14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+4.3% per year) and the UK (+19.0% per year).

In value terms, Germany ($X) remains the key foreign market for synthetic filament tow exports from the Netherlands, comprising 14% of total exports. The second position in the ranking was held by the UK ($X), with a 4.4% share of total exports. It was followed by Belgium, with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled -8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+7.6% per year) and Belgium (-3.0% per year).

Export Prices by Country

In 2021, the average synthetic filament tow export price amounted to $X per ton, waning by -6.4% against the previous year. Over the period under review, the export price continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2019 an increase of 33%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Denmark ($X per ton), while the average price for exports to Morocco ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Filament Tow Imports

Imports into the Netherlands

In 2021, approx. X tons of synthetic filament tow and staple fibers, not carded or combed were imported into the Netherlands; growing by 8.6% against the previous year's figure. The total import volume increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 22% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, synthetic filament tow imports soared to $X in 2021. The total import value increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Korea (X tons), Belgium (X tons) and China (X tons) were the main suppliers of synthetic filament tow imports to the Netherlands, together accounting for 49% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +37.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Belgium ($X) and Germany ($X) appeared to be the largest synthetic filament tow suppliers to the Netherlands, with a combined 44% share of total imports. These countries were followed by Thailand, China, Ireland, the United States, Austria, Taiwan (Chinese), Denmark, the Czech Republic, Italy and South Africa, which together accounted for a further 39%.

Among the main suppliers, Thailand, with a CAGR of +50.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average synthetic filament tow import price stood at $X per ton in 2021, jumping by 20% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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