Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in the UK - 2024

Contents:

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

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

In 2022, the average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $6,458 per ton, with an increase of 3.4% against the previous year. Overall, the import price enjoyed a strong increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 172%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($18,627 per ton), while the price for South Korea ($826 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+18.5%), 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 the UK (FOB) - 2022

The average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings stood at $7,308 per ton in 2022, declining by -5.3% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings increased by +77.8% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of 40% against the previous year. As a result, the export price attained the peak level of $7,718 per ton, and then shrank in the following year.

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 Sweden ($16,970 per ton), while the average price for exports to Belgium ($692 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 Germany (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings into the UK surged to 510 tons in 2022, picking up by 120% against 2021 figures. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings surged to $3.3M in 2022. Overall, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Belgium (119.1 tons)
2. Germany (101.5 tons)
3. Taiwan (Chinese) (94.6 tons)
4. Italy (73.7 tons)
5. China (34.1 tons)
6. United States (20.1 tons)
7. Turkey (19.9 tons)

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

In 2022, the amount of synthetic staple fibres, carded, combed or otherwise processed for spinnings exported from the UK declined notably to 37 tons, which is down by -51.2% compared with 2021. Over the period under review, exports recorded a dramatic decrease. The smallest decline of -20.2% was in 2021.

In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings dropped markedly to $267K in 2022. In general, exports showed a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year.

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

1. Italy (8.0 tons)
2. Lithuania (7.1 tons)
3. Belgium (4.5 tons)
4. Turkey (3.0 tons)
5. Germany (2.6 tons)
6. Sweden (1.9 tons)
7. Finland (1.6 tons)
8. France (1.5 tons)
9. Philippines (1.4 tons)
10. Macao SAR (1.3 tons)
11. United States (0.8 tons)
12. Netherlands (0.6 tons)
13. India (0.5 tons)

Source: IndexBox Market Intelligence Platform