Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in India - 2023
Contents:
- Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in India (CIF) - 2023
- Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in India (FOB) - 2023
- Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in India
- Exports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in India
Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in India (CIF) - 2023
The average import price for artificial staple fibres, not carded, combed or otherwise processed for spinning stood at $2,384 per ton in November 2023, remaining constant against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 14% against the previous month. Over the period under review, average import prices hit record highs at $2,676 per ton in June 2023; however, from July 2023 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($4,044 per ton), while the price for China ($1,641 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the UK (+11.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in India (FOB) - 2023
In November 2023, the average export price for artificial staple fibres, not carded, combed or otherwise processed for spinning amounted to $1,790 per ton, with a decrease of -7% against the previous month. Over the period under review, the export price saw a slight shrinkage. The pace of growth was the most pronounced in February 2023 an increase of 15% against the previous month. Over the period under review, the average export prices reached the peak figure at $2,302 per ton in March 2023; however, from April 2023 to November 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In November 2023, the countries with the highest prices were the United States ($2,270 per ton) and Russia ($2,163 per ton), while the average price for exports to Nepal ($1,522 per ton) and Egypt ($1,623 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-0.8%), while the prices for the other major destinations experienced a decline.
Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in India
In 2022, approx. 133K tons of artificial staple fibres, not carded, combed or otherwise processed for spinning were imported into India; rising by 70% on the previous year's figure. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of artificial staple fibres, not carded, combed or otherwise processed for spinning surged to $313M in 2022. In general, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 37.1 | 22.8 | 33.6 | 75.6 | 26.8% |
| Austria | 55.8 | 45.8 | 53.5 | 56.3 | 0.3% |
| Hong Kong SAR | 0.4 | 0.3 | 1.5 | 39.0 | 360.3% |
| Thailand | 13.7 | 8.3 | 19.6 | 37.8 | 40.3% |
| Singapore | 0.2 | N/A | 0.9 | 37.6 | 472.9% |
| China | 15.3 | 8.2 | 22.1 | 29.0 | 23.8% |
| Sri Lanka | 9.1 | 20.1 | 15.8 | 17.3 | 23.9% |
| Germany | 6.4 | 2.8 | 8.1 | 4.7 | -9.8% |
| Greece | 4.3 | 1.0 | 15.5 | 4.5 | 1.5% |
| Others | 4.4 | 6.7 | 11.0 | 11.6 | 38.1% |
| Total | 147 | 116 | 182 | 313 | 28.6% |
Top Suppliers of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to India in 2022:
- Indonesia (39.3K tons)
- Thailand (21.2K tons)
- Austria (19.9K tons)
- Hong Kong SAR (18.6K tons)
- China (13.3K tons)
- Singapore (7.5K tons)
- Sri Lanka (6.0K tons)
- Germany (1.7K tons)
- Greece (1.4K tons)
Exports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in India
In 2022, exports of artificial staple fibres, not carded, combed or otherwise processed for spinning from India dropped markedly to 59K tons, waning by -30.2% compared with the year before. Overall, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, the exports reached the peak of 84K tons, and then fell remarkably in the following year.
In value terms, exports of artificial staple fibres, not carded, combed or otherwise processed for spinning dropped remarkably to $136M in 2022. Over the period under review, exports showed a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 66%. As a result, the exports reached the peak of $182M, and then reduced sharply in the following year.
| Export of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 26.0 | 39.8 | 37.9 | 59.5 | 31.8% |
| Bangladesh | 14.8 | 15.0 | 27.8 | 22.5 | 15.0% |
| United States | 9.3 | 11.4 | 19.7 | 10.0 | 2.4% |
| Nepal | 4.4 | 3.2 | 8.8 | 8.2 | 23.1% |
| China | 51.0 | 14.5 | 44.4 | 6.9 | -48.7% |
| United Arab Emirates | 0.2 | 1.1 | 5.0 | 4.9 | 190.4% |
| Russia | 3.6 | 4.2 | 5.2 | 4.1 | 4.4% |
| Italy | 1.2 | 1.2 | 1.7 | 2.3 | 24.2% |
| France | 1.6 | 0.5 | 2.7 | 2.2 | 11.2% |
| Germany | 3.3 | 2.5 | 5.5 | 1.8 | -18.3% |
| Iran | 26.6 | 4.2 | N/A | N/A | -84.2% |
| Others | 22.3 | 12.1 | 23.1 | 13.3 | -15.8% |
| Total | 164 | 109 | 182 | 136 | -6.0% |
Top Export Markets for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from India in 2022:
- Turkey (27.1K tons)
- Bangladesh (9.9K tons)
- Nepal (3.9K tons)
- United States (3.6K tons)
- China (2.5K tons)
- United Arab Emirates (2.1K tons)
- Russia (1.6K tons)
- France (1.0K tons)
- Italy (0.9K tons)
- Germany (0.8K tons)
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