Price for Fibres; Synthetic Filament Tow, of Polypropylene in South Africa - 2023

Contents:

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

Price for Fibres; Synthetic Filament Tow, of Polypropylene in South Africa (FOB) - 2022

The average export price for fibres; synthetic filament tow, of polypropylene stood at $2,134 per ton in 2022, which is down by -2.7% against the previous year. Over the period under review, the export price recorded a deep slump. The pace of growth was the most pronounced in 2014 an increase of 908%. As a result, the export price attained the peak level of $38,136 per ton. From 2015 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 Mozambique ($3,884 per ton), while the average price for exports to Nigeria stood at $2,078 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (-0.7%), while the prices for the other major destinations experienced a decline.

Price for Fibres; Synthetic Filament Tow, of Polypropylene in South Africa (CIF) - 2022

In 2022, the average import price for fibres; synthetic filament tow, of polypropylene amounted to $40,333 per ton, with an increase of 1,732% against the previous year. Overall, the import price enjoyed significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Italy.

From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +2.4% per year.

Exports of Fibres; Synthetic Filament Tow, of Polypropylene in South Africa

Exports of fibres; synthetic filament tow, of polypropylene from South Africa contracted dramatically to 11 tons in 2022, waning by -80.6% against 2021. Overall, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 39,800%. As a result, the exports reached the peak of 54 tons, and then contracted significantly in the following year.

In value terms, exports of fibres; synthetic filament tow, of polypropylene shrank sharply to $22K in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 95,083% against the previous year. As a result, the exports attained the peak of $119K, and then fell rapidly in the following year.

Top Export Markets for Fibres; Synthetic Filament Tow, of Polypropylene from South Africa in 2022:

1. Nigeria (10.3 tons)

Imports of Fibres; Synthetic Filament Tow, of Polypropylene in South Africa

For the third consecutive year, South Africa recorded decline in supplies from abroad of fibres; synthetic filament tow, of polypropylene, which decreased by 99.9% to 3 kg in 2022. Overall, imports recorded a significant contraction. The smallest decline of -15.2% was in 2020.

In value terms, imports of fibres; synthetic filament tow, of polypropylene declined dramatically to $121 in 2022. In general, imports faced a precipitous decrease. The smallest decline of -20.6% was in 2020.

Top Suppliers of Fibres; Synthetic Filament Tow, of Polypropylene to South Africa in 2022:

1. Italy (3.0 kg)

Source: IndexBox Market Intelligence Platform