Austria: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in Austria

In 2021, the Austrian synthetic filament tow market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption saw a remarkable increase. Synthetic filament tow consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Synthetic Filament Tow Production in Austria

In value terms, synthetic filament tow production skyrocketed to $X in 2021 estimated in export price. Overall, production saw a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 108%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Synthetic Filament Tow Exports

Exports from Austria

Synthetic filament tow exports from Austria totaled X tons in 2021, surging by 6.4% compared with 2020 figures. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2015 with an increase of 760%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, synthetic filament tow exports skyrocketed to $X in 2021. In general, exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of 109%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

Exports by Country

Germany (X tons), Italy (X tons) and the United States (X tons) were the main destinations of synthetic filament tow exports from Austria, with a combined 48% share of total exports. These countries were followed by the Czech Republic, the Netherlands, France, Switzerland, Slovakia and Denmark, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +136.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for synthetic filament tow exported from Austria were Germany ($X), the United States ($X) and Italy ($X), with a combined 49% share of total exports. These countries were followed by the Czech Republic, the Netherlands, Switzerland, France, Slovakia and Denmark, which together accounted for a further 31%.

Switzerland, with a CAGR of +118.7%, saw the highest rates of growth with regard to 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.

Export Prices by Country

The average synthetic filament tow export price stood at $X per ton in 2021, jumping by 25% against the previous year. Overall, the export price, however, saw a deep contraction. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands ($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 (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Filament Tow Imports

Imports into Austria

In 2021, after five years of decline, there was significant growth in purchases abroad of synthetic filament tow and staple fibers, not carded or combed, when their volume increased by 18% to X tons. Overall, imports, however, continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 21% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, synthetic filament tow imports skyrocketed to $X in 2021. In general, imports, however, recorded a abrupt shrinkage. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of synthetic filament tow to Austria, with a 39% share of total imports. Moreover, synthetic filament tow imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. Japan (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+0.0% per year) and Japan (+0.5% per year).

In value terms, the largest synthetic filament tow suppliers to Austria were Germany ($X), Switzerland ($X) and Japan ($X), with a combined 70% share of total imports. These countries were followed by Belgium, the Czech Republic, Ireland, Spain, Italy, the UK, South Korea, Turkey and the United States, which together accounted for a further 26%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +11.7%, 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, growing by 6.8% against the previous year. Over the period under review, the import price, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2018 an increase of 15%. The import price peaked at $X per ton in 2012; however, from 2013 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 Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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