Price for Fibres; Synthetic Filament Tow, of Polyesters in India - 2023

Contents:

1. Price for Fibres; Synthetic Filament Tow, of Polyesters in India (CIF) - 2023
2. Price for Fibres; Synthetic Filament Tow, of Polyesters in India (FOB) - 2022
3. Imports of Fibres; Synthetic Filament Tow, of Polyesters in India
4. Exports of Fibres; Synthetic Filament Tow, of Polyesters in India

Price for Fibres; Synthetic Filament Tow, of Polyesters in India (CIF) - 2023

The average import price for fibres; synthetic filament tow, of polyesterses stood at $1,260 per ton in October 2023, with a decrease of -15.6% against the previous month. In general, the import price recorded a pronounced setback. The most prominent rate of growth was recorded in September 2023 an increase of 68% month-to-month. Over the period under review, average import prices attained the peak figure at $2,641 per ton in February 2023; however, from March 2023 to October 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Germany ($3,352 per ton), while the price for Japan ($409 per ton) was amongst the lowest.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fibres; Synthetic Filament Tow, of Polyesters in India (FOB) - 2022

In 2022, the average export price for fibres; synthetic filament tow, of polyesterses amounted to $1,429 per ton, which is down by -6.8% against the previous year. Overall, the export price saw a perceptible contraction. The growth pace was the most rapid in 2021 when the average export price increased by 75% against the previous year. The export price peaked at $3,482 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Belgium.

From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to -3.4% per year.

Imports of Fibres; Synthetic Filament Tow, of Polyesters in India

In 2022, supplies from abroad of fibres; synthetic filament tow, of polyesterses was finally on the rise to reach 1.9K tons after two years of decline. In general, imports, however, faced a deep contraction.

In value terms, imports of fibres; synthetic filament tow, of polyesterses surged to $2.8M in 2022. Overall, imports, however, showed a abrupt descent.

Top Suppliers of Fibres; Synthetic Filament Tow, of Polyesters to India in 2022:

1. Malaysia (449.3 tons)
2. Japan (420.8 tons)
3. Germany (408.3 tons)
4. China (356.5 tons)
5. Taiwan (Chinese) (227.1 tons)
6. South Korea (56.7 tons)

Exports of Fibres; Synthetic Filament Tow, of Polyesters in India

In 2022, shipments abroad of fibres; synthetic filament tow, of polyesterses decreased by -61% to 131 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 246% against the previous year. As a result, the exports attained the peak of 335 tons, and then shrank sharply in the following year.

In value terms, exports of fibres; synthetic filament tow, of polyesterses contracted markedly to $187K in 2022. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 506% against the previous year. As a result, the exports reached the peak of $513K, and then fell remarkably in the following year.

Top Export Markets for Fibres; Synthetic Filament Tow, of Polyesters from India in 2022:

1. Belgium (128.5 tons)

Source: IndexBox Market Intelligence Platform