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

Contents:

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

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

In 2022, the average export price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses amounted to $3,317 per ton, surging by 79% against the previous year. In general, the export price recorded a pronounced expansion. The most prominent rate of growth was recorded in 2019 an increase of 146% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($4,816 per ton), while the average price for exports to Vietnam ($2,731 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 Vietnam (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the amount of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses exported from China reduced rapidly to 137 tons, dropping by -72.3% against the year before. In general, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 379%. As a result, the exports attained the peak of 497 tons, and then dropped remarkably in the following year.

In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses dropped remarkably to $456K in 2022. Over the period under review, exports, however, enjoyed a strong increase. The growth pace was the most rapid in 2021 with an increase of 700% against the previous year. As a result, the exports reached the peak of $923K, and then fell dramatically in the following year.

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

1. Vietnam (77.1 tons)
2. Algeria (57.5 tons)
3. Malaysia (2.6 tons)

Source: IndexBox Market Intelligence Platform