Price for Fibres; Synthetic Filament Tow, of Polypropylene in the UK - 2023
Contents:
- Price for Fibres; Synthetic Filament Tow, of Polypropylene in the UK (CIF) - 2022
- Price for Fibres; Synthetic Filament Tow, of Polypropylene in the UK (FOB) - 2022
- Imports of Fibres; Synthetic Filament Tow, of Polypropylene in the UK
- Exports of Fibres; Synthetic Filament Tow, of Polypropylene in the UK
Price for Fibres; Synthetic Filament Tow, of Polypropylene in the UK (CIF) - 2022
In 2022, the average import price for fibres; synthetic filament tow, of polypropylene amounted to $4,112 per ton, rising by 11% against the previous year. Overall, the import price showed resilient growth. The pace of growth was the most pronounced in 2016 when the average import price increased by 1,647%. As a result, import price reached the peak level of $31,236 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($5,965 per ton), while the price for China ($2,019 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+12.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fibres; Synthetic Filament Tow, of Polypropylene in the UK (FOB) - 2022
The average export price for fibres; synthetic filament tow, of polypropylene stood at $1,156 per ton in 2022, growing by 41% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fibres; synthetic filament tow, of polypropylene increased by +105.4% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($6,911 per ton), while the average price for exports to Germany ($516 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fibres; Synthetic Filament Tow, of Polypropylene in the UK
In 2022, after three years of growth, there was significant decline in supplies from abroad of fibres; synthetic filament tow, of polypropylene, when their volume decreased by -67.6% to 65 tons. Overall, imports showed a significant decline. The growth pace was the most rapid in 2021 with an increase of 26%. As a result, imports attained the peak of 202 tons, and then dropped rapidly in the following year.
In value terms, imports of fibres; synthetic filament tow, of polypropylene fell markedly to $268K in 2022. Over the period under review, imports continue to indicate a precipitous curtailment. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. As a result, imports reached the peak of $749K, and then dropped dramatically in the following year.
| Import of Fibres; Synthetic Filament Tow, of Polypropylene in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 484 | 457 | 683 | 165 | -30.1% |
| China | N/A | N/A | N/A | 54.7 | 0% |
| Denmark | N/A | N/A | N/A | 48.0 | 0% |
| United States | 235 | 108 | 60.4 | N/A | -49.3% |
| Others | 2.2 | 0.9 | 5.1 | N/A | 52.3% |
| Total | 722 | 565 | 749 | 268 | -28.1% |
Top Suppliers of Fibres; Synthetic Filament Tow, of Polypropylene to the UK in 2022:
- Belgium (27.7 tons)
- China (27.1 tons)
- Denmark (10.4 tons)
Exports of Fibres; Synthetic Filament Tow, of Polypropylene in the UK
For the third consecutive year, the UK recorded decline in overseas shipments of fibres; synthetic filament tow, of polypropylene, which decreased by -52.9% to 153 tons in 2022. In general, exports recorded a precipitous decrease. The smallest decline of -28.1% was in 2021.
In value terms, exports of fibres; synthetic filament tow, of polypropylene fell sharply to $177K in 2022. Over the period under review, exports continue to indicate a dramatic setback. The smallest decline of -19.9% was in 2021.
| Export of Fibres; Synthetic Filament Tow, of Polypropylene in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovenia | N/A | N/A | 50.2 | 60.0 | 19.5% |
| Italy | 123 | 40.4 | 93.3 | 57.2 | -22.5% |
| Saudi Arabia | N/A | N/A | N/A | 23.5 | 0% |
| Germany | 55.5 | 133 | 48.2 | 20.9 | -27.8% |
| Belgium | 232 | 54.3 | 16.0 | 11.7 | -63.1% |
| Bulgaria | N/A | N/A | 36.3 | N/A | 0% |
| Portugal | 37.7 | 91.4 | N/A | N/A | 142.4% |
| Others | 20.4 | 13.0 | 21.7 | 3.6 | -43.9% |
| Total | 468 | 332 | 266 | 177 | -27.7% |
Top Export Markets for Fibres; Synthetic Filament Tow, of Polypropylene from the UK in 2022:
- Italy (85.0 tons)
- Germany (40.6 tons)
- Belgium (13.2 tons)
- Slovenia (8.7 tons)
- Saudi Arabia (5.0 tons)
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