Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in the UK - 2024

Contents:

1. Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in the UK (CIF) - 2024
2. Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in the UK (FOB) - 2022
3. Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in the UK
4. Exports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in the UK

Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in the UK (CIF) - 2024

In December 2023, the average import price for artificial staple fibres, not carded, combed or otherwise processed for spinning amounted to $2,588 per ton, increasing by 16% against the previous month. Over the period under review, the import price, however, saw a mild shrinkage. The import price peaked at $3,023 per ton in June 2023; however, from July 2023 to December 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was China ($7,685 per ton), while the price for Austria ($1,959 per ton) was amongst the lowest.

From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by China (+8.9%), 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 the UK (FOB) - 2022

In 2022, the average export price for artificial staple fibres, not carded, combed or otherwise processed for spinning amounted to $1,474 per ton, falling by -39.4% against the previous year. Overall, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by 61% against the previous year. As a result, the export price attained the peak level of $5,228 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($5,685 per ton), while the average price for exports to Pakistan ($760 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 Lithuania (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, approx. 11K tons of artificial staple fibres, not carded, combed or otherwise processed for spinning were imported into the UK; rising by 58% against 2021 figures. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +15.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak 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 skyrocketed to $28M in 2022. The total import value increased at an average annual rate of +10.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Germany (7.9K tons)
2. Austria (2.6K tons)
3. China (0.2K tons)

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

In 2022, the amount of artificial staple fibres, not carded, combed or otherwise processed for spinning exported from the UK skyrocketed to 939 tons, rising by 43% against the year before. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +8.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.5% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of artificial staple fibres, not carded, combed or otherwise processed for spinning shrank to $1.4M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.0% 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 +48.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 56% against the previous year. As a result, the exports attained the peak of $1.6M, and then fell in the following year.

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

1. India (518.2 tons)
2. Pakistan (249.5 tons)
3. Germany (65.1 tons)
4. New Zealand (28.0 tons)
5. Turkey (21.7 tons)
6. Lithuania (15.4 tons)
7. Netherlands (4.2 tons)

Source: IndexBox Market Intelligence Platform