Europe: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in Europe

In 2021, the Europe synthetic filament tow market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Synthetic Filament Tow Production in Europe

In value terms, synthetic filament tow production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 30% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Synthetic Filament Tow Exports

Exports in Europe

In 2021, the amount of synthetic filament tow and staple fibers, not carded or combed exported in Europe rose sharply to X tons, picking up by 11% against the previous year's figure. The total export volume increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 27%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, synthetic filament tow exports skyrocketed to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.9% 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 +60.3% 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 the main exporters of synthetic filament tow and staple fibers, not carded or combed in 2021, reaching approx. 21% and 19% of total exports, respectively. Belarus (X tons) took a 9.9% share (based on physical terms) of total exports, which put it in second place, followed by Ireland (8.9%), Denmark (7.8%) and Romania (6%). Portugal (X tons), Italy (X tons), the Netherlands (X tons), Austria (X tons), the Czech Republic (X tons), France (X tons) and Ukraine (X tons) took a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Germany (with a CAGR of +36.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic filament tow supplying countries in Europe were Germany ($X), Belgium ($X) and Denmark ($X), together comprising 52% of total exports.

In terms of the main exporting countries, Denmark, with a CAGR of +36.9%, 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

In 2021, the export price in Europe amounted to $X per ton, increasing by 15% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

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

Synthetic Filament Tow Imports

Imports in Europe

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 +2.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed 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 surged to $X in 2021. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the eight major importers of synthetic filament tow and staple fibers, not carded or combed, namely Germany, Italy, Russia, the UK, Spain, Poland, Belgium and France, represented more than two-thirds of total import. The Netherlands (X tons), the Czech Republic (X tons), Romania (X tons), Bulgaria (X tons) and Slovenia (X tons) held a relatively small 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, the largest synthetic filament tow importing markets in Europe were Germany ($X), Italy ($X) and Spain ($X), with a combined 41% share of total imports. These countries were followed by Belgium, the UK, Russia, France, Poland, the Netherlands, the Czech Republic, Romania, Slovenia and Bulgaria, which together accounted for a further 47%.

Among the main importing countries, Poland, with a CAGR of +6.7%, recorded the highest rates of growth with regard to 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 Europe amounted to $X per ton, surging by 23% against the previous year. Overall, the import price, however, showed a mild contraction. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: 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