Price for Wadding; Other Articles Thereof, of Man-Made Fibres in the United States - 2023
Contents:
- Price for Wadding; Other Articles Thereof, of Man-Made Fibres in the United States (FOB) - 2023
- Price for Wadding; Other Articles Thereof, of Man-Made Fibres in the United States (CIF) - 2022
- Exports of Wadding; Other Articles Thereof, of Man-Made Fibres in the United States
- Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in the United States
Price for Wadding; Other Articles Thereof, of Man-Made Fibres in the United States (FOB) - 2023
The average export price for wadding; other articles thereof, of man-made fibreses stood at $4,506 per ton in November 2023, declining by -13.3% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 when the average export price increased by 27% against the previous month. Over the period under review, the average export prices hit record highs at $7,138 per ton in February 2023; however, from March 2023 to November 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was India ($7,492 per ton), while the average price for exports to South Korea ($1,250 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.2%), while the prices for the other major destinations experienced a decline.
Price for Wadding; Other Articles Thereof, of Man-Made Fibres in the United States (CIF) - 2022
In 2022, the average import price for wadding; other articles thereof, of man-made fibreses amounted to $13,492 per ton, rising by 4.2% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.0% 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 wadding; other articles thereof, of man-made fibreses increased by +84.8% against 2016 indices. The growth pace was the most rapid in 2018 an increase of 35%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
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 Italy ($34,074 per ton), while the price for Taiwan (Chinese) ($3,039 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wadding; Other Articles Thereof, of Man-Made Fibres in the United States
In 2022, overseas shipments of wadding; other articles thereof, of man-made fibreses decreased by -26.3% to 5.7K tons, falling for the second year in a row after two years of growth. In general, exports recorded a perceptible descent. The pace of growth appeared the most rapid in 2020 with an increase of 33% against the previous year. As a result, the exports reached the peak of 8.6K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of wadding; other articles thereof, of man-made fibreses fell to $38M in 2022. The total export value increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 32%. As a result, the exports attained the peak of $42M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Wadding; Other Articles Thereof, of Man-Made Fibres in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 15.8 | 18.2 | 22.9 | 21.2 | 10.3% |
| Canada | 5.0 | 6.3 | 4.9 | 5.4 | 2.6% |
| China | 1.6 | 1.1 | 0.5 | 3.9 | 34.6% |
| Costa Rica | 0.6 | 0.6 | 0.6 | 0.8 | 10.1% |
| Poland | N/A | N/A | N/A | 0.5 | 0% |
| Belgium | 1.2 | 1.5 | 1.8 | 0.5 | -25.3% |
| South Korea | 3.6 | 3.5 | 1.7 | 0.3 | -56.3% |
| Others | 4.0 | 10.8 | 8.1 | 5.9 | 13.8% |
| Total | 31.8 | 42.0 | 40.5 | 38.4 | 6.5% |
Top Export Markets for Wadding; Other Articles Thereof, of Man-Made Fibres from the United States in 2022:
- Mexico (3538.3 tons)
- Canada (1172.8 tons)
- China (166.3 tons)
- Poland (124.6 tons)
- Costa Rica (99.9 tons)
- Belgium (94.9 tons)
- South Korea (86.2 tons)
Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in the United States
In 2022, purchases abroad of wadding; other articles thereof, of man-made fibreses decreased by -41.4% to 1.8K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 245% against the previous year. As a result, imports attained the peak of 4.1K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of wadding; other articles thereof, of man-made fibreses plummeted to $25M in 2022. Overall, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 300%. As a result, imports reached the peak of $50M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Wadding; Other Articles Thereof, of Man-Made Fibres in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 3.9 | 13.3 | 11.3 | 7.0 | 21.5% |
| China | 3.1 | 22.4 | 16.2 | 5.6 | 21.8% |
| Canada | 0.4 | 0.4 | 2.5 | 3.0 | 95.7% |
| South Korea | 0.8 | 6.4 | 4.2 | 2.7 | 50.0% |
| Brazil | 0.1 | 0.1 | 0.1 | 1.5 | 146.6% |
| Germany | 1.5 | 1.0 | 1.2 | 1.1 | -9.8% |
| Mexico | 0.9 | 1.4 | 1.3 | 0.5 | -17.8% |
| India | 0.2 | 0.6 | 0.8 | 0.4 | 26.0% |
| Others | 1.5 | 3.9 | 2.9 | 2.9 | 24.6% |
| Total | 12.4 | 49.6 | 40.5 | 24.7 | 25.8% |
Top Suppliers of Wadding; Other Articles Thereof, of Man-Made Fibres to the United States in 2022:
- China (460.4 tons)
- Brazil (280.6 tons)
- Canada (241.5 tons)
- Italy (206.3 tons)
- South Korea (163.1 tons)
- Germany (119.2 tons)
- India (69.6 tons)
- Mexico (55.3 tons)
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