Africa: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in Africa

In 2021, the African synthetic filament tow market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, showed a perceptible shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Synthetic Filament Tow Production in Africa

In value terms, synthetic filament tow production stood at $X in 2021 estimated in export price. In general, production, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the production volume increased by 34% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Synthetic Filament Tow Exports

Exports in Africa

In 2021, the amount of synthetic filament tow and staple fibers, not carded or combed exported in Africa surged to X tons, with an increase of 69% on the year before. In general, exports, however, showed a relatively flat trend pattern. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, synthetic filament tow exports soared to $X in 2021. Over the period under review, exports enjoyed a mild increase. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, South Africa (X tons) and Egypt (X tons) represented the main exporters of synthetic filament tow and staple fibers, not carded or combed in Africa, together mixing up 83% of total exports. It was distantly followed by Nigeria (X tons), achieving a 14% share of total exports. Sudan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in South Africa (with a CAGR of +27.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic filament tow supplying countries in Africa were South Africa ($X), Egypt ($X) and Nigeria ($X), together comprising 96% of total exports.

South Africa, with a CAGR of +21.8%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, dropping by -2% against the previous year. Export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, synthetic filament tow export price increased by +4.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 80% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was South Africa ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (-4.5%), while the other leaders experienced a decline in the export price figures.

Synthetic Filament Tow Imports

Imports in Africa

In 2021, overseas purchases of synthetic filament tow and staple fibers, not carded or combed were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 16% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, synthetic filament tow imports soared to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Egypt (X tons), distantly followed by Kenya (X tons), Morocco (X tons), South Africa (X tons), Nigeria (X tons), Mozambique (X tons), Tanzania (X tons) and Senegal (X tons) represented the largest importers of synthetic filament tow and staple fibers, not carded or combed, together creating 75% of total imports. The following importers - Togo (X tons), Zambia (X tons), Algeria (X tons), Cote d'Ivoire (X tons) and Tunisia (X tons) - together made up 13% of total imports.

From 2012 to 2021, the biggest increases were in Mozambique (with a CAGR of +45.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Kenya ($X) and Senegal ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 37% of total imports. Nigeria, Mozambique, South Africa, Togo, Morocco, Tanzania, Cote d'Ivoire, Zambia, Algeria and Tunisia lagged somewhat behind, together accounting for a further 50%.

Mozambique, with a CAGR of +46.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Africa amounted to $X per ton, with an increase of 20% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mozambique (+1.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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