Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Canada - 2023

Contents:

1. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Canada (CIF) - 2022
2. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Canada (FOB) - 2022
3. Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Canada
4. Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Canada

Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Canada (CIF) - 2022

In 2022, the average import price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses amounted to $1,230 per ton, with an increase of 26% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses increased by +47.8% against 2018 indices. The pace of growth appeared the most rapid in 2014 an increase of 105% against the previous year. As a result, import price attained the peak level of $1,429 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($1,732 per ton), while the price for Guatemala ($1,206 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.0%), while the prices for the other major suppliers experienced a decline.

Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Canada (FOB) - 2022

The average export price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses stood at $717 per ton in 2022, with an increase of 144% against the previous year. In general, the export price continues to indicate a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Mexico ($883 per ton), while the average price for exports to the United States totaled $305 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+20.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Canada

After two years of decline, overseas purchases of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses increased by 60% to 703 tons in 2022. Overall, total imports indicated a tangible increase from 2019 to 2022: its volume increased at an average annual rate of +2.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses soared to $864K in 2022. Over the period under review, imports enjoyed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres to Canada in 2022:

1. Spain (670.1 tons)
2. United States (19.6 tons)
3. Guatemala (12.9 tons)

Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Canada

Exports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses from Canada soared to 61 tons in 2022, increasing by 271% on the previous year. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses surged to $44K in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres from Canada in 2022:

1. Mexico (43.6 tons)
2. United States (17.6 tons)

Source: IndexBox Market Intelligence Platform