EU: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in the EU

In 2021, the EU synthetic filament tow market increased by 10% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Synthetic Filament Tow Production in the EU

In value terms, synthetic filament tow production reduced modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 34% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Synthetic Filament Tow Exports

Exports in the EU

In 2021, the amount of synthetic filament tow and staple fibers, not carded or combed exported in the European Union soared to X tons, increasing by 18% compared with the previous year. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +58.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 35% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, synthetic filament tow exports skyrocketed to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +69.5% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) and Belgium (X tons) represented roughly 47% of total exports in 2021. Ireland (X tons) ranks next in terms of the total exports with a 10% share, followed by Denmark (9.2%) and Romania (7.1%). The following exporters - Portugal (X tons), Italy (X tons), the Netherlands (X tons), Austria (X tons), the Czech Republic (X tons), France (X tons), Bulgaria (X tons) and Poland (X tons) - together made up 24% of total exports.

From 2012 to 2021, the biggest increases were in Germany (with a CAGR of +36.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Denmark ($X) constituted the countries with the highest levels of exports in 2021, together comprising 58% of total exports.

Denmark, with a CAGR of +36.9%, saw the highest rates of growth with regard to the value of exports, among 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

In 2021, the export price in the European Union amounted to $X per ton, increasing by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2017 when the export price increased by 12%. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was France ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+3.8%), while the other leaders experienced more modest paces of growth.

Synthetic Filament Tow Imports

Imports in the EU

In 2021, overseas purchases of synthetic filament tow and staple fibers, not carded or combed increased by 10% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, synthetic filament tow imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.6% from 2012 to 2021; 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

Germany (X tons) and Italy (X tons) represented roughly 38% of total imports in 2021. Spain (X tons) took the next position in the ranking, followed by Poland (X tons), Belgium (X tons), France (X tons) and the Netherlands (X tons). All these countries together held approx. 41% share of total imports. The Czech Republic (X tons), Romania (X tons), Bulgaria (X tons), Slovenia (X tons) and Portugal (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +10.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic filament tow importing markets in the European Union were Germany ($X), Italy ($X) and Spain ($X), with a combined 49% share of total imports. Belgium, France, Poland, the Netherlands, the Czech Republic, Romania, Slovenia, Portugal and Bulgaria lagged somewhat behind, together accounting for a further 41%.

In terms of the main importing countries, Poland, with a CAGR of +6.7%, 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

In 2021, the import price in the European Union amounted to $X per ton, increasing by 22% against the previous year. Overall, the import price, however, recorded a mild slump. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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