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

Contents:

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

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

In 2022, the average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $8,054 per ton, reducing by -9.5% against the previous year. Overall, the import price, however, continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 90%. As a result, import price attained the peak level of $15,951 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($17,023 per ton), while the price for China ($5,146 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.3%), while the prices for the other major suppliers experienced a decline.

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

The average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings stood at $2,526 per ton in 2022, falling by -41% against the previous year. Over the period under review, the export price, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 85%. Over the period under review, the average export prices attained the maximum at $4,610 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +17.5% per year.

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

In 2022, supplies from abroad of synthetic staple fibres, carded, combed or otherwise processed for spinnings increased by 84% to 8.4 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt shrinkage.

In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings soared to $67K in 2022. In general, imports showed a mild increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. United Kingdom (4.2 tons)
2. Turkey (2.6 tons)
3. United States (0.6 tons)
4. Lithuania (0.3 tons)

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

In 2022, approx. 2.4 tons of synthetic staple fibres, carded, combed or otherwise processed for spinnings were exported from Ireland; jumping by 677% against 2021 figures. Overall, exports, however, showed a sharp contraction.

In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings skyrocketed to $6K in 2022. Over the period under review, exports, however, faced a dramatic contraction.

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

1. United Kingdom (2.4 tons)

Source: IndexBox Market Intelligence Platform