Germany: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in Germany

The German synthetic filament tow market shrank notably to $X in 2021, dropping by -27.2% against the previous year. Overall, consumption showed a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Synthetic Filament Tow Production in Germany

In value terms, synthetic filament tow production dropped notably to $X in 2021 estimated in export price. In general, production, however, posted a prominent expansion. The growth pace was the most rapid in 2020 when the production volume increased by 2,471% against the previous year. Synthetic filament tow production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Synthetic Filament Tow Exports

Exports from Germany

For the third year in a row, Germany recorded growth in overseas shipments of synthetic filament tow and staple fibers, not carded or combed, which increased by 41% to X tons in 2021. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 673% 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 rose sharply to $X in 2021. Overall, exports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 438%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Turkey (X tons), France (X tons) and Italy (X tons) were the main destinations of synthetic filament tow exports from Germany, together comprising 33% of total exports. These countries were followed by Spain, Iran, the United States, the Czech Republic, Romania, Poland, the UK, the Netherlands, Belgium and India, which together accounted for a further 48%.

From 2012 to 2021, the biggest increases were in Romania (with a CAGR of +128.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for synthetic filament tow exported from Germany were Turkey ($X), the United States ($X) and Spain ($X), with a combined 33% share of total exports. France, Italy, Iran, Romania, the Czech Republic, the UK, the Netherlands, India, Poland and Belgium lagged somewhat behind, together accounting for a further 44%.

Romania, with a CAGR of +110.1%, recorded the highest growth rate of the value of exports, in terms of 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, declining by -20.1% against the previous year. Over the period under review, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2017 when the average export price increased by 9.7%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Romania ($X per ton), while the average price for exports to the Czech Republic ($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 (-1.3%), while the prices for the other major destinations experienced a decline.

Synthetic Filament Tow Imports

Imports into Germany

After five years of decline, supplies from abroad of synthetic filament tow and staple fibers, not carded or combed increased by 9.6% to X tons in 2021. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, synthetic filament tow imports skyrocketed to $X in 2021. Overall, imports, however, showed a mild downturn. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), South Korea (X tons) and Ireland (X tons) were the main suppliers of synthetic filament tow imports to Germany, together comprising 36% of total imports. These countries were followed by Denmark, Italy, Turkey, Romania, the Netherlands, India, China, Taiwan (Chinese), the Czech Republic and Indonesia, which together accounted for a further 51%.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +22.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic filament tow suppliers to Germany were Belgium ($X), Denmark ($X) and South Korea ($X), with a combined 37% share of total imports. These countries were followed by Italy, Ireland, the Netherlands, China, Turkey, Romania, Taiwan (Chinese), India, the Czech Republic and Indonesia, which together accounted for a further 44%.

In terms of the main suppliers, the Netherlands, with a CAGR of +11.3%, 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 average synthetic filament tow import price amounted to $X per ton, surging by 23% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for Indonesia ($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 (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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