Czech Republic: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in the Czech Republic

In 2021, the Czech synthetic filament tow market increased by 11% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Synthetic filament tow consumption peaked in 2021 and is expected to retain growth in years to come.

Synthetic Filament Tow Production in the Czech Republic

In value terms, synthetic filament tow production shrank to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 34%. Synthetic filament tow production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Synthetic Filament Tow Exports

Exports from the Czech Republic

In 2021, shipments abroad of synthetic filament tow and staple fibers, not carded or combed was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, showed a noticeable decline. The pace of growth appeared the most rapid in 2017 when exports increased by 21%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, synthetic filament tow exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a pronounced decline. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for synthetic filament tow exports from the Czech Republic, accounting for a 35% share of total exports. Moreover, synthetic filament tow exports to Germany exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was held by Belgium (X tons), with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-5.8% per year) and Belgium (+7.2% per year).

In value terms, Germany ($X) remains the key foreign market for synthetic filament tow exports from the Czech Republic, comprising 33% of total exports. The second position in the ranking was held by France ($X), with an 11% share of total exports. It was followed by Belgium, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at -8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-7.2% per year) and Belgium (+3.4% per year).

Export Prices by Country

The average synthetic filament tow export price stood at $X per ton in 2021, increasing by 23% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum 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 Poland ($X per ton), while the average price for exports to the Netherlands ($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 Poland (+0.4%), while the prices for the other major destinations experienced mixed trend patterns.

Synthetic Filament Tow Imports

Imports into the Czech Republic

In 2021, supplies from abroad of synthetic filament tow and staple fibers, not carded or combed was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 16%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, synthetic filament tow imports surged to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Romania (X tons) and Belgium (X tons) were the main suppliers of synthetic filament tow imports to the Czech Republic, together comprising 67% of total imports. These countries were followed by Poland, Austria, China, Denmark, Turkey, Italy, Slovakia, South Korea, Taiwan (Chinese) and Japan, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +19.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic filament tow suppliers to the Czech Republic were Germany ($X), Belgium ($X) and Romania ($X), together accounting for 60% of total imports. These countries were followed by Austria, China, Poland, Denmark, Italy, Turkey, South Korea, Slovakia, Taiwan (Chinese) and Japan, which together accounted for a further 30%.

In terms of the main suppliers, Poland, with a CAGR of +21.9%, recorded the highest growth rate of 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 23% against the previous year. Over the period under review, the import price, however, showed a mild setback. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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