Eastern Europe: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in Eastern Europe

The East European synthetic filament tow market expanded remarkably to $X in 2021, growing by 15% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Synthetic Filament Tow Production in Eastern Europe

In value terms, synthetic filament tow production rose notably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a mild reduction. 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 Eastern Europe

Synthetic filament tow exports amounted to X tons in 2021, approximately reflecting 2020. The total export volume increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when exports increased by 9.2% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, synthetic filament tow exports soared to $X in 2021. In general, exports, however, saw a slight decrease. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Belarus was the key exporter of synthetic filament tow and staple fibers, not carded or combed in Eastern Europe, with the volume of exports reaching X tons, which was approx. 39% of total exports in 2021. Romania (X tons) took the second position in the ranking, distantly followed by the Czech Republic (X tons), Ukraine (X tons), Bulgaria (X tons) and Poland (X tons). All these countries together held approx. 55% share of total exports. Russia (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Ukraine (with a CAGR of +32.6%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Romania ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 72% of total exports. Bulgaria, Poland, Ukraine and Russia lagged somewhat behind, together comprising a further 24%.

Ukraine, with a CAGR of +28.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, growing by 32% against the previous year. Over the period under review, the export price, however, saw a noticeable descent. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Czech Republic ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (-0.6%), while the other leaders experienced a decline in the export price figures.

Synthetic Filament Tow Imports

Imports in Eastern Europe

In 2021, synthetic filament tow imports in Eastern Europe expanded notably to X tons, with an increase of 8.8% against the previous year's figure. The total import volume increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by 11% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, synthetic filament tow imports surged to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons) and Poland (X tons) represented roughly 60% of total imports in 2021. The Czech Republic (X tons) took a 9% share (based on physical terms) of total imports, which put it in second place, followed by Romania (7.2%) and Bulgaria (7.1%). The following importers - Lithuania (X tons) and Estonia (X tons) - each reached a 7.5% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Poland (with a CAGR of +10.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 61% of total imports.

Poland, with a CAGR of +6.7%, recorded the highest rates of growth with regard to the value of imports, among 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 Eastern Europe amounted to $X per ton, jumping by 27% against the previous year. In general, the import price, however, showed a pronounced reduction. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (-1.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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