SADC: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in SADC

The SADC synthetic filament tow market dropped to $X in 2021, standing approx. at the previous year. The total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +11.1% against 2019 indices. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Synthetic Filament Tow Production in SADC

In value terms, synthetic filament tow production declined to $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +5.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 27% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Synthetic Filament Tow Exports

Exports in SADC

For the tenth year in a row, SADC recorded growth in overseas shipments of synthetic filament tow and staple fibers, not carded or combed, which increased by 15% to X tons in 2021. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 61% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in years to come.

In value terms, synthetic filament tow exports surged to $X in 2021. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 53% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

South Africa (X tons) represented roughly 99% of total exports in 2021.

South Africa was also the fastest-growing in terms of the synthetic filament tow and staple fibers, not carded or combed exports, with a CAGR of +27.5% from 2012 to 2021. South Africa (+3.6 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest synthetic filament tow supplier in SADC.

In South Africa, synthetic filament tow exports expanded at an average annual rate of +21.8% over the period from 2012-2021.

Export Prices by Country

The export price in SADC stood at $X per ton in 2021, jumping by 19% against the previous year. Overall, the export price, however, showed a perceptible setback. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to -4.5% per year.

Synthetic Filament Tow Imports

Imports in SADC

In 2021, after two years of decline, there was significant growth in supplies from abroad of synthetic filament tow and staple fibers, not carded or combed, when their volume increased by 47% to X tons. The total import volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, synthetic filament tow imports surged to $X in 2021. The total import value increased at an average annual rate of +3.8% 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.

Imports by Country

The purchases of the three major importers of synthetic filament tow and staple fibers, not carded or combed, namely South Africa, Mozambique and Tanzania, represented more than two-thirds of total import. It was distantly followed by Zambia (X tons), Mauritius (X tons) and Zimbabwe (X tons), together generating a 22% share of total imports. Angola (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were in Mozambique (with a CAGR of +45.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic filament tow importing markets in SADC were Mozambique ($X), South Africa ($X) and Tanzania ($X), together accounting for 75% of total imports.

In terms of the main importing countries, Mozambique, with a CAGR of +46.5%, saw the highest rates of growth with regard to 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 import price in SADC stood at $X per ton in 2021, remaining stable against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 14% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Mozambique ($X per ton), while Zimbabwe ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mozambique (+1.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform