South Africa: Artificial Filament Tow Market 2024

Artificial Filament Tow Market Size in South Africa

In 2022, the South African artificial filament tow market increased by X% to $X, rising for the second year in a row after four years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Artificial filament tow consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Artificial Filament Tow Exports

Exports from South Africa

In 2022, approx. X tons of artificial filament tow were exported from South Africa; increasing by X% against the previous year. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, artificial filament tow exports skyrocketed to $X in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Zimbabwe (X tons) was the main destination for artificial filament tow exports from South Africa, accounting for a X% share of total exports. Moreover, artificial filament tow exports to Zimbabwe exceeded the volume sent to the second major destination, Zambia (X tons), twofold. The Netherlands (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Zimbabwe totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (X% per year) and the Netherlands (X% per year).

In value terms, Zimbabwe ($X) remains the key foreign market for artificial filament tow exports from South Africa, comprising X% of total exports. The second position in the ranking was held by Zambia ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Zimbabwe totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average artificial filament tow export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, recorded a deep downturn. The growth pace was the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Guinea ($X per ton) and Zimbabwe ($X per ton), while the average price for exports to Nigeria ($X per ton) and Kenya ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (X%), while the prices for the other major destinations experienced a decline.

Artificial Filament Tow Imports

Imports into South Africa

In 2022, supplies from abroad of artificial filament tow increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, artificial filament tow imports rose notably to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, the United States (X tons) constituted the largest artificial filament tow supplier to South Africa, with a X% share of total imports. Moreover, artificial filament tow imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. Japan (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Japan (X% per year).

In value terms, the United States ($X) constituted the largest supplier of artificial filament tow to South Africa, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the average artificial filament tow import price amounted to $X per ton, reducing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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