Price for Woven Fabrics of Artificial Staple Fibres in the UK - 2023
Contents:
- Price for Woven Fabrics of Artificial Staple Fibres in the UK (CIF) - 2023
- Price for Woven Fabrics of Artificial Staple Fibres in the UK (FOB) - 2023
- Imports of Woven Fabrics of Artificial Staple Fibres in the UK
- Exports of Woven Fabrics of Artificial Staple Fibres in the UK
Price for Woven Fabrics of Artificial Staple Fibres in the UK (CIF) - 2023
In November 2023, the average import price for woven fabrics of artificial staple fibres amounted to $2.0 per square meter, shrinking by -27.4% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 an increase of 52% m-o-m. As a result, import price attained the peak level of $2.8 per square meter, and then contracted rapidly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Italy ($5.5 per square meter), while the price for Spain ($682 per thousand square meters) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Pakistan (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Woven Fabrics of Artificial Staple Fibres in the UK (FOB) - 2023
The average export price for woven fabrics of artificial staple fibres stood at $5.0 per square meter in November 2023, reducing by -32.8% against the previous month. Over the period under review, the export price, however, saw a mild expansion. The pace of growth appeared the most rapid in August 2023 an increase of 67% against the previous month. As a result, the export price attained the peak level of $9.3 per square meter. From September 2023 to November 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($8.7 per square meter), while the average price for exports to China ($1.1 per square meter) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Woven Fabrics of Artificial Staple Fibres in the UK
Imports of woven fabrics of artificial staple fibres into the UK shrank slightly to 4M square meters in 2022, waning by -4.3% on the previous year's figure. Overall, imports faced a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 18%. Imports peaked at 5.7M square meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of woven fabrics of artificial staple fibres reduced slightly to $48M in 2022. In general, imports showed a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 33%. Imports peaked at $59M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Woven Fabrics of Artificial Staple Fibres in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 12.0 | 7.4 | 10.1 | 11.3 | -2.0% |
| Turkey | 11.5 | 6.9 | 8.6 | 10.6 | -2.7% |
| Belgium | 11.8 | 6.2 | 6.7 | 7.0 | -16.0% |
| China | 6.4 | 3.9 | 5.3 | 6.0 | -2.1% |
| India | 6.0 | 3.7 | 5.0 | 5.7 | -1.7% |
| Spain | 5.1 | 3.1 | 4.0 | 2.2 | -24.4% |
| France | 2.0 | 2.4 | 6.1 | 1.8 | -3.5% |
| Pakistan | 0.2 | 0.2 | 0.7 | 0.6 | 44.2% |
| Others | 3.8 | 3.9 | 3.6 | 2.4 | -14.2% |
| Total | 58.9 | 37.7 | 50.1 | 47.7 | -6.8% |
Top Suppliers of Woven Fabrics of Artificial Staple Fibres to the UK in 2022:
- Turkey (966.5K square meters)
- China (916.7K square meters)
- Belgium (663.7K square meters)
- Italy (412.3K square meters)
- Spain (393.3K square meters)
- India (328.1K square meters)
- Pakistan (110.9K square meters)
- France (69.9K square meters)
Exports of Woven Fabrics of Artificial Staple Fibres in the UK
For the third year in a row, the UK recorded decline in shipments abroad of woven fabrics of artificial staple fibres, which decreased by -40.1% to 401K square meters in 2022. In general, exports faced a significant decline. The smallest decline of -24.5% was in 2020. The exports peaked at 1.4M square meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of woven fabrics of artificial staple fibres declined notably to $11M in 2022. Over the period under review, exports saw a precipitous setback. The smallest decline of -10.1% was in 2020. Over the period under review, the exports of attained the maximum at $26M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Woven Fabrics of Artificial Staple Fibres in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.6 | 2.8 | 4.6 | 3.4 | 28.6% |
| Poland | 2.1 | 2.0 | 2.3 | 1.4 | -12.6% |
| France | 1.0 | 0.7 | 0.4 | 1.1 | 3.2% |
| Italy | 1.6 | 1.4 | 0.8 | 0.6 | -27.9% |
| Germany | 3.4 | 3.0 | 0.9 | 0.4 | -51.0% |
| Netherlands | 0.9 | 1.1 | 0.2 | 0.3 | -30.7% |
| Turkey | 0.3 | 0.1 | 0.7 | 0.2 | -12.6% |
| Portugal | 1.4 | 1.0 | 0.2 | 0.2 | -47.7% |
| Lithuania | 0.4 | 0.4 | 0.4 | 0.2 | -20.6% |
| Thailand | 0.3 | 0.1 | 0.2 | 0.2 | -12.6% |
| Romania | 4.5 | 3.1 | 0.2 | 0.1 | -71.9% |
| North Macedonia | 0.2 | 0.2 | 0.4 | 0.1 | -20.6% |
| Morocco | 0.6 | 1.5 | 0.9 | 0.1 | -45.0% |
| Others | 7.5 | 5.9 | 4.0 | 2.6 | -29.8% |
| Total | 25.8 | 23.2 | 16.3 | 10.8 | -25.2% |
Top Export Markets for Woven Fabrics of Artificial Staple Fibres from the UK in 2022:
- United States (119.9K square meters)
- Poland (68.5K square meters)
- France (26.9K square meters)
- North Macedonia (13.9K square meters)
- Lithuania (13.7K square meters)
- Italy (11.6K square meters)
- Germany (11.4K square meters)
- Romania (7.5K square meters)
- Thailand (6.8K square meters)
- Turkey (6.4K square meters)
- Netherlands (6.0K square meters)
- Morocco (6.0K square meters)
- Portugal (5.9K square meters)
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