Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in South Africa - 2024

Contents:

1. Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in South Africa (CIF) - 2022
2. Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in South Africa (FOB) - 2022
3. Imports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in South Africa
4. Exports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in South Africa

Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in South Africa (CIF) - 2022

In 2022, the average import price for waste (including noils, yarn waste and garnetted stock), of man-made fibreses amounted to $1,172 per ton, reducing by -51.1% against the previous year. In general, the import price, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 781% against the previous year. As a result, import price reached the peak level of $2,398 per ton, and then dropped remarkably in the following year.

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 Turkey ($2,070 per ton), while the price for Italy ($160 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in South Africa (FOB) - 2022

In 2022, the average export price for waste (including noils, yarn waste and garnetted stock), of man-made fibreses amounted to $245 per ton, rising by 226% against the previous year. Overall, the export price, however, saw a abrupt decrease. The export price peaked at $1,126 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Indonesia ($754 per ton), while the average price for exports to India amounted to $65 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-1.9%).

Imports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in South Africa

For the fourth consecutive year, South Africa recorded growth in purchases abroad of waste (including noils, yarn waste and garnetted stock), of man-made fibreses, which increased by 136% to 239 tons in 2022. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 754%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of waste (including noils, yarn waste and garnetted stock), of man-made fibreses surged to $281K in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 4,984% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres to South Africa in 2022:

1. Turkey (97.3 tons)
2. Belgium (88.9 tons)
3. United Kingdom (46.2 tons)
4. Italy (3.7 tons)

Exports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in South Africa

Exports of waste (including noils, yarn waste and garnetted stock), of man-made fibreses from South Africa shrank dramatically to 582 tons in 2022, with a decrease of -99.8% on the year before. Over the period under review, exports, however, showed a modest expansion. The pace of growth was the most pronounced in 2021 when exports increased by 60,364% against the previous year. As a result, the exports reached the peak of 265K tons, and then fell dramatically in the following year.

In value terms, exports of waste (including noils, yarn waste and garnetted stock), of man-made fibreses shrank sharply to $143K in 2022. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 10,158% against the previous year. As a result, the exports reached the peak of $20M, and then dropped sharply in the following year.

Top Export Markets for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres from South Africa in 2022:

1. India (467.1 tons)
2. Indonesia (102.4 tons)

Source: IndexBox Market Intelligence Platform