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

Contents:

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

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

The average export price for artificial staple fibres, not carded, combed or otherwise processed for spinning stood at $1,979 per ton in March 2022, reducing by -1.5% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2021 when the average export price increased by 11% month-to-month. Over the period under review, the average export prices attained the peak figure at $2,077 per ton in May 2021; however, from June 2021 to March 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In March 2022, the countries with the highest prices were the United States ($2,292 per ton) and Brazil ($2,197 per ton), while the average price for exports to the United Arab Emirates ($1,673 per ton) and Malaysia ($1,720 per ton) were amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for artificial staple fibres, not carded, combed or otherwise processed for spinning stood at $2,350 per ton in March 2022, rising by 1.8% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in May 2021 when the average import price increased by 8.6% m-o-m. The import price peaked at $2,656 per ton in June 2021; however, from July 2021 to March 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Japan ($6,520 per ton), while the price for China ($2,158 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, exports of artificial staple fibres, not carded, combed or otherwise processed for spinning from Indonesia shrank slightly to 390K tons, remaining stable against the year before. The total export volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 15% against the previous year. As a result, the exports attained the peak of 395K tons, and then contracted in the following year.

In value terms, exports of artificial staple fibres, not carded, combed or otherwise processed for spinning stood at $750M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.2% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 81%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

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

1. Turkey (71.6K tons)
2. Pakistan (70.2K tons)
3. India (63.5K tons)
4. Bangladesh (61.6K tons)
5. China (26.4K tons)
6. United States (16.2K tons)
7. Malaysia (14.3K tons)
8. Brazil (10.8K tons)
9. Taiwan (Chinese) (9.5K tons)
10. United Arab Emirates (7.4K tons)
11. Japan (7.4K tons)
12. Israel (6.8K tons)
13. Vietnam (6.3K tons)

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

In 2022, supplies from abroad of artificial staple fibres, not carded, combed or otherwise processed for spinning was finally on the rise to reach 37K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a deep setback.

In value terms, imports of artificial staple fibres, not carded, combed or otherwise processed for spinning surged to $88M in 2022. Over the period under review, imports, however, showed a abrupt curtailment.

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

1. China (25.1K tons)
2. Thailand (7.0K tons)
3. Austria (4.2K tons)
4. Japan (0.3K tons)
5. Hong Kong SAR (0.1K tons)

Source: IndexBox Market Intelligence Platform