Ukraine: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in Ukraine

The Ukrainian synthetic filament tow market rose slightly to $X in 2021, increasing by 4.1% against the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Synthetic filament tow consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Synthetic Filament Tow Production in Ukraine

In value terms, synthetic filament tow production totaled $X in 2021 estimated in export price. Overall, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.6% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 31%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Synthetic Filament Tow Exports

Exports from Ukraine

In 2021, exports of synthetic filament tow and staple fibers, not carded or combed from Ukraine surged to X tons, jumping by 27% on the year before. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 202%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, synthetic filament tow exports soared to $X in 2021. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 120%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons), Belarus (X tons) and Italy (X tons) were the main destinations of synthetic filament tow exports from Ukraine, together accounting for 67% 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 Poland (with a CAGR of +187.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for synthetic filament tow exported from Ukraine were Belarus ($X), Poland ($X) and Italy ($X), together accounting for 68% of total exports.

Poland, with a CAGR of +155.4%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2021, the average synthetic filament tow export price amounted to $X per ton, increasing by 14% against the previous year. Over the period under review, the export price, however, saw a perceptible contraction. The pace of growth was the most pronounced in 2013 an increase of 17%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Turkey ($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 Slovenia (+4.9%), while the prices for the other major destinations experienced a decline.

Synthetic Filament Tow Imports

Imports into Ukraine

In 2021, synthetic filament tow imports into Ukraine expanded slightly to X tons, increasing by 4.7% on the previous year's figure. In general, imports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of 27% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, synthetic filament tow imports surged to $X in 2021. Overall, imports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of 42% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of synthetic filament tow to Ukraine, accounting for a 49% share of total imports. Moreover, synthetic filament tow imports from South Korea exceeded the figures recorded by the second-largest supplier, Belarus (X tons), threefold. China (X tons) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea amounted to +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (-19.1% per year) and China (-15.2% per year).

In value terms, South Korea ($X) constituted the largest supplier of synthetic filament tow to Ukraine, comprising 46% of total imports. The second position in the ranking was taken by Belarus ($X), with a 13% share of total imports. It was followed by China, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Korea stood at +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (-21.0% per year) and China (-14.9% per year).

Import Prices by Country

In 2021, the average synthetic filament tow import price amounted to $X per ton, jumping by 20% against the previous year. Over the period under review, the import price, however, continues to indicate a mild decrease. 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 ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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