Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Canada - 2024
Contents:
- Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Canada (CIF) - 2024
- Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Canada (FOB) - 2022
- Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Canada
- Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Canada
Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Canada (CIF) - 2024
The average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings stood at $3,850 per ton in December 2023, with an increase of 12% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 28% month-to-month. Over the period under review, average import prices reached the maximum at $4,871 per ton in July 2023; however, from August 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($27,704 per ton), while the price for Turkey ($2,807 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 (+17.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Canada (FOB) - 2022
The average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings stood at $4,209 per ton in 2022, surging by 2.7% against the previous year. Overall, the export price, however, saw a noticeable descent. The growth pace was the most rapid in 2015 an increase of 56%. The export price peaked at $10,416 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($5,982 per ton), while the average price for exports to India totaled $3,939 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+3.1%), while the prices for the other major destinations experienced a decline.
Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Canada
In 2022, the amount of synthetic staple fibres, carded, combed or otherwise processed for spinnings imported into Canada soared to 1.5K tons, increasing by 58% on 2021 figures. Over the period under review, imports saw a relatively flat trend pattern.
In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings skyrocketed to $5.9M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +6.5% 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.
| Import of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 970 | 1,167 | 1,128 | 2,862 | 43.4% |
| Turkey | 2,456 | 2,724 | 983 | 1,241 | -20.4% |
| China | 381 | 384 | 611 | 765 | 26.2% |
| United States | 435 | 648 | 492 | 280 | -13.7% |
| Peru | 383 | 382 | 63.1 | 201 | -19.3% |
| India | 0.6 | 60.9 | 124 | 188 | 579.2% |
| Pakistan | N/A | 15.9 | 20.3 | 135 | 191.4% |
| Italy | 119 | 88.4 | 235 | 135 | 4.3% |
| Thailand | 89.9 | 137 | N/A | 65.6 | -10.0% |
| Others | 39.2 | 54.9 | 47.8 | 22.3 | -17.1% |
| Total | 4,875 | 5,661 | 3,705 | 5,896 | 6.5% |
Top Suppliers of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning to Canada in 2022:
- Portugal (611.4 tons)
- Turkey (340.2 tons)
- China (297.2 tons)
- United States (76.0 tons)
- Peru (53.2 tons)
- India (39.3 tons)
- Pakistan (35.8 tons)
- Thailand (17.5 tons)
- Italy (16.3 tons)
Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Canada
In 2022, overseas shipments of synthetic staple fibres, carded, combed or otherwise processed for spinnings decreased by -82.1% to 4.2 tons, falling for the second year in a row after two years of growth. In general, exports saw a sharp curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 654%. As a result, the exports reached the peak of 128 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings fell sharply to $18K in 2022. Over the period under review, exports recorded a significant decline. The pace of growth was the most pronounced in 2020 with an increase of 861%. As a result, the exports reached the peak of $673K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 17.2 | N/A | N/A | 14.2 | -6.2% |
| United States | 20.1 | 651 | 94.9 | 3.3 | -45.2% |
| United Kingdom | 32.7 | 22.1 | N/A | N/A | -32.4% |
| Others | N/A | N/A | 0.7 | 0.1 | -85.7% |
| Total | 70.0 | 673 | 95.7 | 17.6 | -36.9% |
Top Export Markets for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning from Canada in 2022:
- India (3.6 tons)
- United States (0.5 tons)
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579
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1263
In value terms, synthetic staple fibers exports stood at $X in 2016. Overall, synthetic staple fibers exports continue to indicate a relatively flat trend pattern. Over the period under review, glo...
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