Price for Fibres; Synthetic Filament Tow, of Polypropylene in Hong Kong SAR - 2023

Contents:

1. Price for Fibres; Synthetic Filament Tow, of Polypropylene in Hong Kong SAR (FOB) - 2022
2. Price for Fibres; Synthetic Filament Tow, of Polypropylene in Hong Kong SAR (CIF) - 2022
3. Exports of Fibres; Synthetic Filament Tow, of Polypropylene in Hong Kong SAR
4. Imports of Fibres; Synthetic Filament Tow, of Polypropylene in Hong Kong SAR

Price for Fibres; Synthetic Filament Tow, of Polypropylene in Hong Kong SAR (FOB) - 2022

The average export price for fibres; synthetic filament tow, of polypropylene stood at $6,537 per ton in 2022, declining by -5.4% against the previous year. Over the period under review, the export price, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2017 an increase of 110%. As a result, the export price attained the peak level of $11,529 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($288,810 per ton), while the average price for exports to Kenya totaled $4,939 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+77.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Fibres; Synthetic Filament Tow, of Polypropylene in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for fibres; synthetic filament tow, of polypropylene amounted to $6,883 per ton, surging by 73% against the previous year. In general, the import price saw a remarkable increase. The import price peaked at $9,892 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($7,052 per ton), while the price for South Korea stood at $6,391 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+13.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Fibres; Synthetic Filament Tow, of Polypropylene in Hong Kong SAR

In 2022, the amount of fibres; synthetic filament tow, of polypropylene exported from Hong Kong SAR shrank markedly to 10 tons, waning by -46.5% on 2021 figures. In general, exports saw a sharp slump. The growth pace was the most rapid in 2021 with an increase of 4.9%.

In value terms, exports of fibres; synthetic filament tow, of polypropylene fell sharply to $67K in 2022. Overall, exports showed a abrupt downturn. The growth pace was the most rapid in 2021 when exports increased by 30% against the previous year. As a result, the exports attained the peak of $133K, and then shrank remarkably in the following year.

Top Export Markets for Fibres; Synthetic Filament Tow, of Polypropylene from Hong Kong SAR in 2022:

1. Kenya (10.2 tons)

Imports of Fibres; Synthetic Filament Tow, of Polypropylene in Hong Kong SAR

In 2022, the amount of fibres; synthetic filament tow, of polypropylene imported into Hong Kong SAR fell remarkably to 8.4 tons, declining by -53.3% compared with 2021 figures. In general, imports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of 115% against the previous year. As a result, imports reached the peak of 18 tons, and then shrank dramatically in the following year.

In value terms, imports of fibres; synthetic filament tow, of polypropylene dropped remarkably to $58K in 2022. Over the period under review, imports showed a dramatic setback. The growth pace was the most rapid in 2021 with an increase of 34%.

Top Suppliers of Fibres; Synthetic Filament Tow, of Polypropylene to Hong Kong SAR in 2022:

1. Japan (6.3 tons)
2. South Korea (2.2 tons)

Source: IndexBox Market Intelligence Platform