Price for Woven Fabrics of Artificial Staple Fibres in China - 2023

Price for Woven Fabrics of Artificial Staple Fibres in China (FOB) - 2023

In December 2023, the average export price for woven fabrics of artificial staple fibres amounted to $1.1 per square meter, remaining relatively unchanged against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 2.8% against the previous month. Over the period under review, the average export prices attained the peak figure at $1.1 per square meter in December 2022; afterwards, it flattened through to December 2023.

There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Cambodia ($1.6 per square meter), while the average price for exports to Algeria ($841 per thousand square meters) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+0.0%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Woven Fabrics of Artificial Staple Fibres in China (CIF) - 2023

The average import price for woven fabrics of artificial staple fibres stood at $4.5 per square meter in December 2023, surging by 19% against the previous month. Over the period under review, import price indicated resilient growth from December 2022 to December 2023: its price increased at an average monthly rate of +7.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for woven fabrics of artificial staple fibres increased by +10.5% against July 2023 indices. The growth pace was the most rapid in January 2023 an increase of 115% against the previous month. The import price peaked in December 2023.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Italy ($14.5 per square meter), while the price for India ($897 per thousand square meters) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Woven Fabrics of Artificial Staple Fibres in China

In 2022, exports of woven fabrics of artificial staple fibres from China contracted to 486M square meters, shrinking by -5.2% compared with 2021. The total export volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. As a result, the exports attained the peak of 513M square meters, and then contracted in the following year.

In value terms, exports of woven fabrics of artificial staple fibres rose modestly to $3.4B in 2022. The total export value increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Export of Woven Fabrics of Artificial Staple Fibres in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	307	214	265	293	-1.5%
Bangladesh	265	173	258	292	3.3%
Vietnam	292	364	281	207	-10.8%
Indonesia	116	79.5	99.8	185	16.8%
Myanmar	14.1	152	132	147	118.5%
Somalia	100	119	140	124	7.4%
Iraq	97.5	94.8	89.1	119	6.9%
Argentina	52.5	44.7	59.8	105	26.0%
Pakistan	118	77.7	78.5	96.8	-6.4%
United Arab Emirates	48.0	54.0	105	95.4	25.7%
Mauritania	83.2	63.7	73.7	80.7	-1.0%
Kenya	45.5	67.0	78.8	78.9	20.1%
Uzbekistan	24.1	57.8	64.4	75.6	46.4%
Others	1,510	1,158	1,527	1,475	-0.8%
Total	3,074	2,721	3,252	3,376	3.2%

Top Export Markets for Woven Fabrics of Artificial Staple Fibres from China in 2022:

Brazil (46.4M square meters)
Bangladesh (32.4M square meters)
Vietnam (21.7M square meters)
Myanmar (20.6M square meters)
Somalia (19.8M square meters)
United Arab Emirates (19.3M square meters)
Iraq (17.9M square meters)
Indonesia (16.6M square meters)
Argentina (16.6M square meters)
Uzbekistan (15.8M square meters)
Mauritania (14.9M square meters)
Pakistan (13.9M square meters)
Kenya (12.7M square meters)

Imports of Woven Fabrics of Artificial Staple Fibres in China

In 2022, the amount of woven fabrics of artificial staple fibres imported into China contracted to 1.8M square meters, which is down by -5.2% compared with the previous year's figure. In general, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by 12%. Imports peaked at 2.4M square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of woven fabrics of artificial staple fibres declined to $33M in 2022. Overall, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by 13%. Imports peaked at $44M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Woven Fabrics of Artificial Staple Fibres in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	15.0	9.0	6.5	8.3	-17.9%
South Korea	11.7	6.7	6.9	5.9	-20.4%
Italy	6.3	3.1	4.7	4.8	-8.7%
Turkey	3.2	1.6	2.0	3.0	-2.1%
Vietnam	0.5	1.6	3.4	1.1	30.1%
Pakistan	N/A	0.1	0.3	0.5	123.6%
Egypt	N/A	N/A	N/A	N/A	0%
Taiwan (Chinese)	3.0	N/A	N/A	N/A	0%
Bangladesh	1.0	0.7	N/A	N/A	-30.0%
Others	3.6	6.5	9.3	8.9	35.2%
Total	44.2	29.3	33.2	32.5	-9.7%