Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Bangladesh - 2022

Contents:

1. Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Bangladesh (CIF) - 2022
2. Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Bangladesh (FOB) - 2022
3. Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Bangladesh
4. Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Bangladesh

Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Bangladesh (CIF) - 2022

In 2022, the average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $4,482 per ton, growing by 27% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 synthetic staple fibres, carded, combed or otherwise processed for spinnings increased by +48.9% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 72% against the previous year. As a result, import price attained the peak level of $5,662 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($8,885 per ton), while the price for Thailand ($754 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-4.2%), while the prices for the other major suppliers experienced a decline.

Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Bangladesh (FOB) - 2022

In 2022, the average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $2,707 per ton, leveling off at the previous year. Over the period under review, the export price, however, continues to indicate a pronounced downturn. The growth pace was the most rapid in 2019 when the average export price increased by 29% against the previous year. The export price peaked at $3,680 per ton in 2012; however, from 2013 to 2022, the 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 India ($4,772 per ton), while the average price for exports to China totaled $2,700 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+13.2%).

Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Bangladesh

After three years of growth, overseas purchases of synthetic staple fibres, carded, combed or otherwise processed for spinnings decreased by -45.2% to 370 tons in 2022. In general, imports, however, recorded a slight expansion. The pace of growth was the most pronounced in 2020 when imports increased by 38% against the previous year.

In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings shrank notably to $1.7M in 2022. Over the period under review, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 62% against the previous year. As a result, imports reached the peak of $2.4M, and then reduced remarkably in the following year.

Top Suppliers of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning to Bangladesh in 2022:

1. Belgium (144.6 tons)
2. China (80.5 tons)
3. Vietnam (48.5 tons)
4. Taiwan (Chinese) (36.4 tons)
5. Italy (33.2 tons)
6. Thailand (10.7 tons)
7. United Kingdom (9.1 tons)

Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Bangladesh

In 2022, shipments abroad of synthetic staple fibres, carded, combed or otherwise processed for spinnings decreased by -13.9% to 240 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 360% against the previous year. As a result, the exports attained the peak of 279 tons, and then fell in the following year.

In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings reduced to $650K in 2022. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 383% against the previous year. As a result, the exports attained the peak of $753K, and then dropped in the following year.

Top Export Markets for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning from Bangladesh in 2022:

1. China (239.2 tons)

Source: IndexBox Market Intelligence Platform