Poland: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in Poland

The Polish synthetic filament tow market skyrocketed to $X in 2021, jumping by 25% against the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +18.9% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Synthetic Filament Tow Production in Poland

In value terms, synthetic filament tow production rose rapidly to $X in 2021 estimated in export price. Overall, production, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2017 when the production volume increased by 20% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Synthetic Filament Tow Exports

Exports from Poland

Synthetic filament tow exports from Poland soared to X tons in 2021, growing by 27% on 2020 figures. The total export volume increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, synthetic filament tow exports surged to $X in 2021. In general, total exports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X tons), Germany (X tons) and Ukraine (X tons) were the main destinations of synthetic filament tow exports from Poland, together accounting for 57% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +36.0%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Germany ($X) and Ukraine ($X) were the largest markets for synthetic filament tow exported from Poland worldwide, together comprising 53% of total exports. These countries were followed by Italy, Lithuania, Belarus, the UK, Romania and Spain, which together accounted for a further 35%.

Belarus, with a CAGR of +31.2%, saw the highest growth rate of 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, increasing by 24% against the previous year. In general, the export price, however, recorded a mild shrinkage. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Belarus ($X per ton), while the average price for exports to Spain ($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 Italy (+0.5%), while the prices for the other major destinations experienced a decline.

Synthetic Filament Tow Imports

Imports into Poland

In 2021, the amount of synthetic filament tow and staple fibers, not carded or combed imported into Poland rose significantly to X tons, increasing by 5.6% against 2020. Overall, imports showed a buoyant increase. The pace of growth was the most pronounced in 2014 when imports increased by 26%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, synthetic filament tow imports surged to $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +26.0% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, South Korea (X tons) constituted the largest synthetic filament tow supplier to Poland, with a 34% share of total imports. Moreover, synthetic filament tow imports from South Korea exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by Turkey (X tons), with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea totaled +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.2% per year) and Turkey (+15.6% per year).

In value terms, South Korea ($X) constituted the largest supplier of synthetic filament tow to Poland, comprising 31% of total imports. The second position in the ranking was held by Germany ($X), with a 9.6% share of total imports. It was followed by Belgium, with a 7% share.

From 2012 to 2021, the average annual growth rate of value from South Korea stood at +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.0% per year) and Belgium (+5.6% per year).

Import Prices by Country

The average synthetic filament tow import price stood at $X per ton in 2021, with an increase of 28% against the previous year. Over the period under review, the import price, however, saw a perceptible reduction. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per ton), while the price for South Africa ($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 (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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