U.S.: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in the U.S.

The U.S. synthetic filament tow market rose significantly to $X in 2021, surging by 13% against the previous year. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -2.0% against 2019 indices. Synthetic filament tow consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Synthetic Filament Tow Production in the U.S.

In value terms, synthetic filament tow production reached $X in 2021. Overall, production posted resilient growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by 71% against the previous year. Synthetic filament tow production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Synthetic Filament Tow Exports

Exports from the U.S.

In 2021, after two years of decline, there was significant growth in shipments abroad of synthetic filament tow and staple fibers, not carded or combed, when their volume increased by 19% to X tons. Overall, exports, however, recorded a perceptible setback. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, synthetic filament tow exports soared to $X in 2021. Over the period under review, exports, however, saw a perceptible downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Mexico (X tons), Canada (X tons) and China (X tons) were the main destinations of synthetic filament tow exports from the United States, with a combined 65% share of total exports. Japan, the UK, Italy, Denmark, Brazil, Belgium, Thailand, Germany and the Netherlands lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the biggest increases were in Denmark (with a CAGR of +41.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Canada ($X) and Japan ($X) constituted the largest markets for synthetic filament tow exported from the United States worldwide, together comprising 52% of total exports. China, Belgium, the UK, the Netherlands, Italy, Germany, Thailand, Brazil and Denmark lagged somewhat behind, together accounting for a further 27%.

Denmark, with a CAGR of +35.9%, 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, with an increase of 7.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2014 an increase of 9.5% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to Denmark ($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 Belgium (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Filament Tow Imports

Imports into the U.S.

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 19% to X tons. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, synthetic filament tow imports soared to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

South Korea (X tons), China (X tons) and Thailand (X tons) were the main suppliers of synthetic filament tow imports to the United States, together comprising 48% of total imports. These countries were followed by Vietnam, India, Indonesia, Japan, Turkey, Germany, Taiwan (Chinese) and Saudi Arabia, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were in Saudi Arabia (with a CAGR of +73.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic filament tow suppliers to the United States were South Korea ($X), Thailand ($X) and Japan ($X), together accounting for 40% of total imports. China, India, Vietnam, Germany, Turkey, Indonesia, Saudi Arabia and Taiwan (Chinese) lagged somewhat behind, together comprising a further 43%.

Among the main suppliers, Saudi Arabia, with a CAGR of +59.2%, 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 11% against the previous year. Overall, the import price, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 12% against the previous year. 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 Japan ($X per ton), while the price for Vietnam ($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 (-1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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