China: Artificial Filament Tow Market 2024

Artificial Filament Tow Market Size in China

For the tenth year in a row, the Chinese artificial filament tow market recorded decline in sales value, which decreased by X% to $X in 2022. Overall, consumption faced a sharp shrinkage. The growth pace was the most rapid in 2013 with a decrease of X% against the previous year. Artificial filament tow consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Artificial Filament Tow Production in China

In value terms, artificial filament tow production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, faced a deep reduction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Artificial Filament Tow Exports

Exports from China

Artificial filament tow exports from China skyrocketed to X tons in 2022, growing by X% against the previous year's figure. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, artificial filament tow exports soared to $X in 2022. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Belarus (X tons), Russia (X tons) and Indonesia (X tons) were the main destinations of artificial filament tow exports from China, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for artificial filament tow exported from China were Belarus ($X), Russia ($X) and Indonesia ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Belarus, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average artificial filament tow export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a slight curtailment. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Hong Kong SAR ($X per ton) and Russia ($X per ton), while the average price for exports to Iran ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (X%), while the prices for the other major destinations experienced mixed trend patterns.

Artificial Filament Tow Imports

Imports into China

In 2022, artificial filament tow imports into China declined significantly to X tons, shrinking by X% on 2021. Over the period under review, imports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, artificial filament tow imports shrank notably to $X in 2022. In general, imports continue to indicate a sharp curtailment. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X tons), Germany (X tons) and South Korea (X tons) were the main suppliers of artificial filament tow imports to China, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Japan ($X) and South Korea ($X) constituted the largest artificial filament tow suppliers to China, with a combined X% share of total imports.

Among the main suppliers, South Korea, with a CAGR of X%, 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 mixed trend patterns.

Import Prices by Country

The average artificial filament tow import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and Cambodia ($X per ton), while the price for the United States ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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