Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Spain - 2023

Contents:

1. Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Spain (CIF) - 2023
2. Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Spain (FOB) - 2023
3. Imports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Spain
4. Exports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Spain

Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Spain (CIF) - 2023

The average import price for waste (including noils, yarn waste and garnetted stock), of man-made fibreses stood at $679 per ton in December 2023, dropping by -16.3% against the previous month. In general, import price indicated a strong increase from December 2022 to December 2023: its price increased at an average monthly rate of +6.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for waste (including noils, yarn waste and garnetted stock), of man-made fibreses decreased by -16.6% against October 2023 indices. The growth pace was the most rapid in January 2023 an increase of 43% against the previous month. Over the period under review, average import prices reached the peak figure at $815 per ton in October 2023; however, from November 2023 to December 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Poland ($53,345 per ton), while the price for Morocco ($105 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Poland (+40.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Spain (FOB) - 2023

The average export price for waste (including noils, yarn waste and garnetted stock), of man-made fibreses stood at $710 per ton in December 2023, reducing by -2.5% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 55% m-o-m. As a result, the export price reached the peak level of $1,001 per ton. From February 2023 to December 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 Canada ($1,269 per ton), while the average price for exports to Morocco ($279 per ton) 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 Italy (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of waste (including noils, yarn waste and garnetted stock), of man-made fibreses imported into Spain skyrocketed to 11K tons, increasing by 72% against 2021 figures. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of waste (including noils, yarn waste and garnetted stock), of man-made fibreses soared to $6.7M in 2022. Over the period under review, imports saw a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by 46%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

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

1. France (2106.5 tons)
2. Belgium (1994.7 tons)
3. Germany (1289.4 tons)
4. United States (963.7 tons)
5. Portugal (786.6 tons)
6. El Salvador (710.4 tons)
7. Morocco (625.5 tons)
8. Poland (427.2 tons)
9. Turkey (365.4 tons)
10. Mexico (305.9 tons)
11. Luxembourg (192.6 tons)
12. Israel (181.0 tons)

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

In 2022, exports of waste (including noils, yarn waste and garnetted stock), of man-made fibreses from Spain contracted to 6.1K tons, falling by -13.6% against the previous year. The total export volume increased at an average annual rate of +3.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 42% against the previous year. As a result, the exports attained the peak of 7.1K tons, and then reduced in the following year.

In value terms, exports of waste (including noils, yarn waste and garnetted stock), of man-made fibreses rose significantly to $6.2M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +7.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 66% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

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

1. Italy (1640.4 tons)
2. Germany (871.9 tons)
3. Canada (727.6 tons)
4. Portugal (565.3 tons)
5. Turkey (460.4 tons)
6. Mexico (433.6 tons)
7. Indonesia (250.8 tons)
8. Morocco (228.2 tons)
9. India (186.5 tons)
10. France (143.2 tons)
11. El Salvador (129.5 tons)
12. Romania (126.3 tons)
13. Algeria (38.2 tons)

Source: IndexBox Market Intelligence Platform