Price for Wadding; Other Articles Thereof, of Man-Made Fibres in India - 2023
Contents:
- Price for Wadding; Other Articles Thereof, of Man-Made Fibres in India (CIF) - 2022
- Price for Wadding; Other Articles Thereof, of Man-Made Fibres in India (FOB) - 2023
- Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in India
- Exports of Wadding; Other Articles Thereof, of Man-Made Fibres in India
Price for Wadding; Other Articles Thereof, of Man-Made Fibres in India (CIF) - 2022
The average import price for wadding; other articles thereof, of man-made fibreses stood at $9,720 per ton in 2022, reducing by -10.5% against the previous year. In general, the import price, however, continues to indicate temperate growth. The pace of growth was the most pronounced in 2013 when the average import price increased by 89%. Over the period under review, average import prices reached the maximum at $20,599 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($24,187 per ton), while the price for Vietnam ($4,555 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wadding; Other Articles Thereof, of Man-Made Fibres in India (FOB) - 2023
In October 2023, the average export price for wadding; other articles thereof, of man-made fibreses amounted to $7,935 per ton, leveling off at the previous month. Over the period from November 2022 to October 2023, it increased at an average monthly rate of +4.1%. The growth pace was the most rapid in February 2023 an increase of 22% month-to-month. The export price peaked at $8,124 per ton in August 2023; however, from September 2023 to October 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Kenya ($10,297 per ton), while the average price for exports to the UK ($4,093 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in India
In 2022, imports of wadding; other articles thereof, of man-made fibreses into India skyrocketed to 2.6K tons, increasing by 41% compared with 2021. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of wadding; other articles thereof, of man-made fibreses soared to $25M in 2022. Overall, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 75% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Wadding; Other Articles Thereof, of Man-Made Fibres in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 0.1 | 0.1 | 4.7 | 15.0 | 431.3% |
| Indonesia | 2.2 | 2.1 | 3.4 | 2.2 | 0.0% |
| South Korea | 3.2 | 2.3 | 1.8 | 2.2 | -11.7% |
| Vietnam | 0.1 | 0.6 | 1.0 | 1.3 | 135.1% |
| United Arab Emirates | N/A | 0.6 | 2.6 | 1.0 | 29.1% |
| China | 1.2 | 0.7 | 0.5 | 0.7 | -16.4% |
| Taiwan (Chinese) | 0.4 | 0.1 | 0.3 | 0.5 | 7.7% |
| Lithuania | 5.6 | 1.3 | 1.4 | 0.5 | -55.3% |
| United States | 0.5 | 0.9 | 0.5 | 0.5 | 0.0% |
| Bangladesh | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Singapore | 0.8 | 1.7 | 2.7 | N/A | 83.7% |
| Others | 2.1 | 0.7 | 0.7 | 0.8 | -27.5% |
| Total | 16.4 | 11.3 | 19.8 | 25.0 | 15.1% |
Top Suppliers of Wadding; Other Articles Thereof, of Man-Made Fibres to India in 2022:
- Thailand (1620.3 tons)
- Vietnam (283.8 tons)
- Indonesia (137.3 tons)
- China (111.1 tons)
- South Korea (89.3 tons)
- United Arab Emirates (75.8 tons)
- Taiwan (Chinese) (59.5 tons)
- United States (54.7 tons)
- Bangladesh (50.6 tons)
- Lithuania (12.9 tons)
- Singapore (0.3 tons)
Exports of Wadding; Other Articles Thereof, of Man-Made Fibres in India
For the fourth consecutive year, India recorded growth in shipments abroad of wadding; other articles thereof, of man-made fibreses, which increased by 64% to 717 tons in 2022. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of wadding; other articles thereof, of man-made fibreses soared to $4.6M in 2022. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Wadding; Other Articles Thereof, of Man-Made Fibres in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 221 | 512 | 489 | 1,886 | 104.4% |
| Nepal | 405 | 530 | 550 | 931 | 32.0% |
| United Kingdom | N/A | 0.3 | 491 | 764 | 4946.5% |
| Indonesia | N/A | N/A | 57.9 | 321 | 454.4% |
| Suriname | N/A | 15.1 | 28.3 | 129 | 192.3% |
| Canada | N/A | 12.3 | 20.0 | 95.7 | 178.9% |
| Slovenia | N/A | 92.1 | 40.8 | 80.0 | -6.8% |
| United States | 270 | 690 | 613 | 73.1 | -35.3% |
| Sri Lanka | 22.4 | 27.4 | N/A | 30.5 | 10.8% |
| Vietnam | 237 | 117 | N/A | N/A | -50.6% |
| Others | 254 | 153 | 276 | 325 | 8.6% |
| Total | 1,409 | 2,149 | 2,565 | 4,634 | 48.7% |
Top Export Markets for Wadding; Other Articles Thereof, of Man-Made Fibres from India in 2022:
- United Arab Emirates (278.5 tons)
- United Kingdom (169.8 tons)
- Nepal (96.5 tons)
- Indonesia (46.5 tons)
- Slovenia (27.1 tons)
- Suriname (14.8 tons)
- Sri Lanka (13.8 tons)
- Canada (13.0 tons)
- United States (12.9 tons)
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