Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in China - 2023

Contents:

1. Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in China (FOB) - 2022
2. Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in China (CIF) - 2023
3. Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in China
4. Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in China

Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in China (FOB) - 2022

In 2022, the average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $2,933 per ton, picking up by 3.4% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 20%. The export price peaked at $3,180 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($8,805 per ton), while the average price for exports to Pakistan ($1,701 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 Japan (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in China (CIF) - 2023

The average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings stood at $4,195 per ton in December 2023, which is down by -14.8% against the previous month. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average import price increased by 82% against the previous month. As a result, import price reached the peak level of $8,207 per ton. From February 2023 to December 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Thailand ($39,675 per ton), while the price for Japan ($1,300 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Thailand (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in China

In 2022, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings from China surged to 10K tons, jumping by 19% on 2021. The total export volume increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings skyrocketed to $30M in 2022. The total export value increased at an average annual rate of +6.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning from China in 2022:

1. Pakistan (2237.4 tons)
2. Turkey (1598.3 tons)
3. Vietnam (1159.1 tons)
4. Italy (936.8 tons)
5. Ethiopia (525.7 tons)
6. Mexico (447.6 tons)
7. Cambodia (382.3 tons)
8. Myanmar (181.2 tons)
9. South Korea (176.9 tons)
10. Kenya (175.0 tons)
11. Egypt (165.8 tons)
12. Russia (165.2 tons)
13. Bangladesh (150.8 tons)

Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in China

In 2022, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings into China was estimated at 2.7K tons, with an increase of 2.1% compared with 2021. The total import volume increased at an average annual rate of +11.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 19%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings dropped to $13M in 2022. The total import value increased at an average annual rate of +1.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 29%. As a result, imports attained the peak of $15M, and then contracted in the following year.

Top Suppliers of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning to China in 2022:

1. Japan (1488.9 tons)
2. Thailand (398.0 tons)
3. Germany (260.5 tons)
4. Bangladesh (239.1 tons)
5. South Korea (141.7 tons)
6. Taiwan (Chinese) (97.8 tons)
7. United States (35.2 tons)

Source: IndexBox Market Intelligence Platform