Switzerland: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in Switzerland

The Swiss synthetic filament tow market was estimated at $X in 2021, rising by 2.2% against the previous year. Overall, consumption, however, enjoyed buoyant growth. Synthetic filament tow consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Synthetic Filament Tow Production in Switzerland

In value terms, synthetic filament tow production amounted to $X in 2021 estimated in export price. In general, production, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 158%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Synthetic Filament Tow Exports

Exports from Switzerland

In 2021, shipments abroad of synthetic filament tow and staple fibers, not carded or combed increased by 3.2% to X tons, rising for the second consecutive year after two years of decline. In general, exports saw significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 3,896% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, synthetic filament tow exports rose sharply to $X in 2021. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 1,759%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

China (X tons) was the main destination for synthetic filament tow exports from Switzerland, accounting for a 34% share of total exports. Moreover, synthetic filament tow exports to China exceeded the volume sent to the second major destination, Germany (X tons), threefold. The United States (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +179.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+29.0% per year) and the United States (+136.4% per year).

In value terms, China ($X) remains the key foreign market for synthetic filament tow exports from Switzerland, comprising 33% of total exports. The second position in the ranking was taken by Austria ($X), with a 10% share of total exports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to China totaled +109.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+24.7% per year) and Germany (+20.6% per year).

Export Prices by Country

The average synthetic filament tow export price stood at $X per ton in 2021, rising by 8% against the previous year. Over the period under review, the export price, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2019 an increase of 17%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per ton), while the average price for exports to the United States ($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 Poland (+30.2%), while the prices for the other major destinations experienced mixed trend patterns.

Synthetic Filament Tow Imports

Imports into Switzerland

In 2021, synthetic filament tow imports into Switzerland skyrocketed to X tons, picking up by 20% compared with 2020. The total import volume increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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. The total import value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Ireland (X tons), Germany (X tons) and China (X tons) were the main suppliers of synthetic filament tow imports to Switzerland, together comprising 57% of total imports.

From 2012 to 2021, the biggest increases were in Ireland (with a CAGR of +40.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic filament tow suppliers to Switzerland were Austria ($X), Germany ($X) and Ireland ($X), with a combined 48% share of total imports.

In terms of the main suppliers, Ireland, with a CAGR of +36.7%, 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 average synthetic filament tow import price stood at $X per ton in 2021, increasing by 7.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 11% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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