Peru: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in Peru

The Peruvian synthetic filament tow market skyrocketed to $X in 2021, rising by 22% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Synthetic filament tow consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Synthetic Filament Tow Production in Peru

In value terms, synthetic filament tow production rose markedly to $X in 2021 estimated in export price. Over the period under review, production saw a slight curtailment. The most prominent rate of growth was recorded in 2014 when the production volume increased by 29% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Synthetic Filament Tow Exports

Exports from Peru

In 2021, shipments abroad of synthetic filament tow and staple fibers, not carded or combed was finally on the rise to reach X tons after three years of decline. Overall, exports, however, recorded a pronounced reduction. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 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, showed a perceptible descent. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

India (X tons), Ecuador (X tons) and Chile (X tons) were the main destinations of synthetic filament tow exports from Peru, with a combined 57% share of total exports. Spain, Romania, Brazil, Bolivia, the United States and South Africa lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the biggest increases were in the United States (with a CAGR of +47.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for synthetic filament tow exported from Peru were Ecuador ($X), India ($X) and Brazil ($X), with a combined 50% share of total exports. These countries were followed by Spain, Romania, Bolivia, Chile, the United States and South Africa, which together accounted for a further 33%.

In terms of the main countries of destination, the United States, with a CAGR of +51.0%, saw 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

The average synthetic filament tow export price stood at $X per ton in 2021, rising by 59% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Chile ($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 Spain (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Filament Tow Imports

Imports into Peru

In 2021, overseas purchases 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. The total import volume increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some 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 surged to $X in 2021. Over the period under review, imports, however, showed a slight shrinkage. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest synthetic filament tow supplier to Peru, accounting for a 50% share of total imports. Moreover, synthetic filament tow imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+7.9% per year) and South Korea (-1.6% per year).

In value terms, China ($X) constituted the largest supplier of synthetic filament tow to Peru, comprising 48% of total imports. The second position in the ranking was held by India ($X), with a 15% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+0.9% per year) and Germany (-3.6% per year).

Import Prices by Country

The average synthetic filament tow import price stood at $X per ton in 2021, increasing by 2.4% against the previous year. In general, the import price, however, showed a drastic downturn. The pace of growth was the most pronounced in 2018 when the average import price increased by 7.1%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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