Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Bangladesh - 2022

Contents:

1. Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Bangladesh (CIF) - 2022
2. Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Bangladesh (FOB) - 2022
3. Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Bangladesh
4. Exports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Bangladesh

Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Bangladesh (CIF) - 2022

In 2022, the average import price for artificial staple fibres, not carded, combed or otherwise processed for spinning amounted to $2,023 per ton, surging by 3.2% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2021 when the average import price increased by 50% against the previous year. Over the period under review, average import prices attained the maximum at $3,010 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 India ($2,437 per ton), while the price for the United States ($1,408 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+36.6%), while the prices for the other major suppliers experienced a decline.

Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Bangladesh (FOB) - 2022

The average export price for artificial staple fibres, not carded, combed or otherwise processed for spinning stood at $10,400 per ton in 2022, waning by -4% against the previous year. Over the period under review, the export price, however, saw a buoyant increase. The pace of growth was the most pronounced in 2021 an increase of 356% against the previous year. As a result, the export price reached the peak level of $10,836 per ton, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($14,689 per ton), while the average price for exports to Indonesia totaled $4,225 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+33.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Bangladesh

For the fourth consecutive year, Bangladesh recorded growth in overseas purchases of artificial staple fibres, not carded, combed or otherwise processed for spinning, which increased by 16% to 119K tons in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +25.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +97.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 65% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of artificial staple fibres, not carded, combed or otherwise processed for spinning surged to $240M in 2022. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.

Top Suppliers of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Bangladesh in 2022:

1. Indonesia (60.3K tons)
2. China (19.1K tons)
3. Singapore (15.1K tons)
4. India (9.7K tons)
5. Austria (8.3K tons)
6. United States (4.4K tons)

Exports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Bangladesh

In 2022, approx. 1.5 tons of artificial staple fibres, not carded, combed or otherwise processed for spinning were exported from Bangladesh; rising by 24% against the previous year's figure. In general, exports saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 3,675% against the previous year. As a result, the exports reached the peak of 28 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of artificial staple fibres, not carded, combed or otherwise processed for spinning soared to $16K in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 5,208%. As a result, the exports attained the peak of $67K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from Bangladesh in 2022:

1. Austria (881.0 kg)
2. Indonesia (612.0 kg)

Source: IndexBox Market Intelligence Platform