Northern America: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in Northern America

The North American synthetic filament tow market was estimated at $X in 2021, increasing by 13% against the previous year. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -1.8% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Synthetic Filament Tow Production in Northern America

In value terms, synthetic filament tow production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by 71% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Synthetic Filament Tow Exports

Exports in Northern America

In 2021, overseas shipments of synthetic filament tow and staple fibers, not carded or combed were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, saw a noticeable decline. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, synthetic filament tow exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible downturn. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States prevails in exports structure, resulting at X tons, which was near 98% of total exports in 2021. Canada (X tons) held a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to synthetic filament tow exports from the United States stood at -4.2%. At the same time, Canada (+7.7%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +7.7% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest synthetic filament tow supplier in Northern America, comprising 98% of total exports. The second position in the ranking was taken by Canada ($X), with a 1.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled -2.8%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, increasing by 8.5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2014 when the export price increased by 9.5% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.5%).

Synthetic Filament Tow Imports

Imports in Northern America

After two years of decline, supplies from abroad of synthetic filament tow and staple fibers, not carded or combed increased by 18% to X tons in 2021. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, synthetic filament tow imports surged to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

The United States prevails in imports structure, reaching X tons, which was approx. 91% of total imports in 2021. It was distantly followed by Canada (X tons), making up a 9.5% share of total imports.

The United States was also the fastest-growing in terms of the synthetic filament tow and staple fibers, not carded or combed imports, with a CAGR of +3.0% from 2012 to 2021. Canada experienced a relatively flat trend pattern. From 2012 to 2021, the share of the United States increased by +2.5 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported synthetic filament tow and staple fibers, not carded or combed in Northern America, comprising 87% of total imports. The second position in the ranking was held by Canada ($X), with a 13% share of total imports.

In the United States, synthetic filament tow imports remained relatively stable over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, picking up by 13% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible curtailment. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-1.1%).

Source: IndexBox Platform

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