Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in India - 2023

Contents:

1. Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in India (CIF) - 2022
2. Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in India (FOB) - 2023
3. Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in India
4. Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in India

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

In 2022, the average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $4,499 per ton, surging by 29% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 40%. The import price peaked at $4,582 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($8,415 per ton), while the price for Indonesia ($1,083 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+23.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in India (FOB) - 2023

In November 2023, the average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $1,338 per ton, with an increase of 20% against the previous month. In general, the export price, however, showed a abrupt setback. The most prominent rate of growth was recorded in May 2023 an increase of 47% m-o-m. Over the period under review, the average export prices reached the peak figure at $3,528 per ton in November 2022; however, from December 2022 to November 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Nigeria ($3,084 per ton), while the average price for exports to Italy ($767 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (-0.7%), while the prices for the other major destinations experienced a decline.

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

In 2022, the amount of synthetic staple fibres, carded, combed or otherwise processed for spinnings imported into India dropped to 1.1K tons, shrinking by -4.5% against the previous year's figure. The total import volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. As a result, imports attained the peak of 1.2K tons, and then shrank slightly in the following year.

In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings surged to $5M in 2022. Over the period under review, total imports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +2.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 37%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.

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

1. China (172.7 tons)
2. Thailand (162.2 tons)
3. Portugal (150.4 tons)
4. Germany (148.8 tons)
5. Taiwan (Chinese) (97.0 tons)
6. United States (72.0 tons)
7. Indonesia (57.6 tons)
8. Gabon (53.0 tons)
9. Mexico (51.6 tons)
10. South Korea (42.8 tons)
11. Italy (28.0 tons)
12. Turkey (9.1 tons)

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

In 2022, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings from India stood at 1.4K tons, with an increase of 8.2% against 2021. Overall, exports saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 76% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings skyrocketed to $2.3M in 2022. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 68%. The exports peaked in 2022 and are likely to continue growth in years to come.

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

1. Italy (873.0 tons)
2. Kenya (139.8 tons)
3. Vietnam (135.5 tons)
4. Nigeria (88.8 tons)
5. Peru (68.7 tons)
6. Germany (29.5 tons)
7. South Africa (21.1 tons)

Source: IndexBox Market Intelligence Platform