Brazil: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in Brazil

In 2021, after two years of decline, there was significant growth in the Brazilian synthetic filament tow market, when its value increased by 34% to $X. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Synthetic Filament Tow Production in Brazil

In value terms, synthetic filament tow production expanded modestly to $X in 2021 estimated in export price. In general, production, however, saw a deep downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by 16%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Synthetic Filament Tow Exports

Exports from Brazil

In 2021, the amount of synthetic filament tow and staple fibers, not carded or combed exported from Brazil shrank to X tons, which is down by -14.1% compared with the previous year's figure. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 317% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, synthetic filament tow exports reduced sharply to $X in 2021. Overall, exports showed a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by 164% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons) was the main destination for synthetic filament tow exports from Brazil, accounting for a 81% share of total exports. Moreover, synthetic filament tow exports to Argentina exceeded the volume sent to the second major destination, Paraguay (X tons), tenfold. The third position in this ranking was held by the United States (X tons), with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Argentina amounted to -5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-8.3% per year) and the United States (-20.6% per year).

In value terms, Argentina ($X) emerged as the key foreign market for synthetic filament tow exports from Brazil, comprising 70% of total exports. The second position in the ranking was taken by the United States ($X), with a 12% share of total exports. It was followed by Paraguay, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Argentina totaled -11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-25.5% per year) and Paraguay (-13.4% per year).

Export Prices by Country

The average synthetic filament tow export price stood at $X per ton in 2021, which is down by -36.6% against the previous year. Overall, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2013 when the average export price increased by 94% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Argentina ($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 Switzerland (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Filament Tow Imports

Imports into Brazil

In 2021, approx. X tons of synthetic filament tow and staple fibers, not carded or combed were imported into Brazil; with an increase of 18% compared with the previous year's figure. In general, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 25% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, synthetic filament tow imports surged to $X in 2021. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest synthetic filament tow supplier to Brazil, with a 36% share of total imports. Moreover, synthetic filament tow imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. The third position in this ranking was held by Vietnam (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+22.2% per year) and Vietnam (+40.3% per year).

In value terms, China ($X) constituted the largest supplier of synthetic filament tow to Brazil, comprising 39% of total imports. The second position in the ranking was held by South Korea ($X), with a 10% share of total imports. It was followed by Thailand, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-0.9% per year) and Thailand (+18.3% per year).

Import Prices by Country

The average synthetic filament tow import price stood at $X per ton in 2021, rising by 30% against the previous year. Overall, the import price, however, recorded a noticeable setback. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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