France: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in France

In 2021, after two years of decline, there was significant growth in the French synthetic filament tow market, when its value increased by 8.3% to $X. The market value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Synthetic Filament Tow Production in France

In value terms, synthetic filament tow production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by 26% against the previous year. Synthetic filament tow production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Synthetic Filament Tow Exports

Exports from France

In 2021, synthetic filament tow exports from France soared to X tons, rising by 87% against 2020. In general, total exports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, synthetic filament tow exports skyrocketed to $X in 2021. Overall, total exports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 42%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Italy (X tons), Germany (X tons) and Spain (X tons) were the main destinations of synthetic filament tow exports from France, with a combined 36% share of total exports. These countries were followed by Turkey, China, Belgium, the UK, the Netherlands, the United States, Romania, Switzerland, Morocco and India, which together accounted for a further 49%.

From 2012 to 2021, the biggest increases were in Romania (with a CAGR of +43.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Spain ($X) appeared to be the largest markets for synthetic filament tow exported from France worldwide, with a combined 35% share of total exports. Italy, the United States, Turkey, China, the UK, Romania, the Netherlands, Switzerland, India and Morocco lagged somewhat behind, together comprising a further 51%.

Romania, with a CAGR of +50.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average synthetic filament tow export price stood at $X per ton in 2021, which is down by -25.3% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 20% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands ($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 India (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Filament Tow Imports

Imports into France

In 2021, after two years of decline, there was growth in supplies from abroad of synthetic filament tow and staple fibers, not carded or combed, when their volume increased by 3.3% to X tons. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 15%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, synthetic filament tow imports surged to $X in 2021. Over the period under review, imports, however, showed a slight decline. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), Belgium (X tons) and South Korea (X tons) were the main suppliers of synthetic filament tow imports to France, with a combined 47% share of total imports. These countries were followed by Denmark, Turkey, Italy, Ireland, Romania, Taiwan (Chinese), India, Vietnam, China and Austria, which together accounted for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +33.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Denmark ($X) were the largest synthetic filament tow suppliers to France, with a combined 50% share of total imports. These countries were followed by South Korea, Italy, Turkey, Ireland, Romania, Austria, Taiwan (Chinese), India, Vietnam and China, which together accounted for a further 35%.

In terms of the main suppliers, Vietnam, with a CAGR of +31.4%, 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 14% against the previous year. Over the period under review, the import price, however, recorded a noticeable setback. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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