Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in the United Arab Emirates - 2022

Contents:

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

Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $2,168 per ton, waning by -1.8% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.3% 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 +66.3% against 2016 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 52%. Over the period under review, the average export prices attained the maximum at $2,554 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($4,305 per ton), while the average price for exports to Cote d'Ivoire ($567 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 China (+90.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $2,446 per ton, which is down by -27.6% against the previous year. In general, the import price saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 an increase of 66%. Over the period under review, average import prices hit record highs at $3,689 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the United States ($23,369 per ton), while the price for Pakistan ($1,312 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+29.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in the United Arab Emirates

For the third consecutive year, the United Arab Emirates recorded decline in shipments abroad of synthetic staple fibres, carded, combed or otherwise processed for spinnings, which decreased by -26.6% to 159 tons in 2022. In general, exports continue to indicate a precipitous decrease.

In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings declined significantly to $344K in 2022. Over the period under review, exports continue to indicate a dramatic decline.

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

1. India (44.7 tons)
2. Oman (34.7 tons)
3. Kuwait (33.6 tons)
4. Cote d'Ivoire (25.5 tons)
5. Mozambique (12.4 tons)
6. Tanzania (8.0 tons)

Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in the United Arab Emirates

Imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings into the United Arab Emirates surged to 75 tons in 2022, picking up by 82% on the previous year's figure. In general, imports, however, recorded a mild shrinkage.

In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings surged to $184K in 2022. Over the period under review, imports, however, continue to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2021 with an increase of 114% against the previous year.

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

1. China (42.2 tons)
2. Pakistan (28.1 tons)
3. United States (2.3 tons)

Source: IndexBox Market Intelligence Platform