Price for Fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibres in the Dominican Republic - 2023

Contents:

1. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in the Dominican Republic (CIF) - 2023
2. Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in the Dominican Republic

Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in the Dominican Republic (CIF) - 2023

In March 2023, the average import price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses amounted to $715 per ton, shrinking by -4.8% against the previous month. Overall, the import price showed a perceptible slump. The pace of growth was the most pronounced in May 2022 an increase of 3.3% month-to-month. Over the period under review, average import prices reached the peak figure at $1,196 per ton in March 2022; however, from April 2022 to March 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Honduras.

From March 2022 to March 2023, the rate of growth in terms of prices for Honduras amounted to -4.2% per month.

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

In 2022, the amount of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses imported into the Dominican Republic contracted significantly to 665 tons, declining by -44.8% compared with the previous year. In general, imports showed a pronounced decrease. The pace of growth appeared the most rapid in 2021 with an increase of 129%. As a result, imports attained the peak of 1.2K tons, and then dropped dramatically in the following year.

In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses dropped dramatically to $620K in 2022. Overall, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 202%. As a result, imports reached the peak of $947K, and then fell significantly in the following year.

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

1. Honduras (665.2 tons)

Source: IndexBox Market Intelligence Platform