United Arab Emirates: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in the United Arab Emirates

The synthetic filament tow market in the United Arab Emirates soared to $X in 2021, increasing by 35% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a deep reduction. Synthetic filament tow consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Synthetic Filament Tow Exports

Exports from the United Arab Emirates

In 2021, overseas shipments of synthetic filament tow and staple fibers, not carded or combed increased by 78% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports saw resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, synthetic filament tow exports skyrocketed to $X in 2021. Over the period under review, exports showed a strong increase. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for synthetic filament tow exports from the United Arab Emirates, with a 49% share of total exports. Moreover, synthetic filament tow exports to the United States exceeded the volume sent to the second major destination, India (X tons), sevenfold. The third position in this ranking was held by Zambia (X tons), with a 7% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+24.0% per year) and Zambia (+67.9% per year).

In value terms, the United States ($X) remains the key foreign market for synthetic filament tow exports from the United Arab Emirates, comprising 45% of total exports. The second position in the ranking was held by India ($X), with a 10% share of total exports. It was followed by Malaysia, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+25.9% per year) and Malaysia (+144.3% per year).

Export Prices by Country

In 2021, the average synthetic filament tow export price amounted to $X per ton, with an increase of 22% against the previous year. Overall, the export price, however, continues to indicate a noticeable shrinkage. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was India ($X per ton), while the average price for exports to Canada ($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 China (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Filament Tow Imports

Imports into the United Arab Emirates

In 2021, purchases abroad of synthetic filament tow and staple fibers, not carded or combed increased by 42% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, imports continue to indicate notable growth. The pace of growth was the most pronounced in 2020 with an increase of 47% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, synthetic filament tow imports skyrocketed to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), India (X tons) and Thailand (X tons) were the main suppliers of synthetic filament tow imports to the United Arab Emirates, with a combined 68% share of total imports. These countries were followed by Belarus, South Korea, Taiwan (Chinese), Indonesia and Malaysia, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were in Indonesia (with a CAGR of +120.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of synthetic filament tow to the United Arab Emirates, comprising 44% of total imports. The second position in the ranking was held by Belarus ($X), with a 19% share of total imports. It was followed by India, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (-7.8% per year) and India (+5.7% per year).

Import Prices by Country

In 2021, the average synthetic filament tow import price amounted to $X per ton, rising by 22% against the previous year. Overall, the import price, however, continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2018 when the average import price increased by 22%. 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 Belarus ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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