Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in India - 2023

Contents:

1. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in India (CIF) - 2023
2. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in India (FOB) - 2022
3. Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in India
4. Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in India

Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in India (CIF) - 2023

In September 2023, the average import price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses amounted to $1,063 per ton, surging by 9.8% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 31% against the previous month. Over the period under review, average import prices hit record highs at $1,230 per ton in June 2023; however, from July 2023 to September 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Indonesia ($1,069 per ton), while the price for the United States totaled $1,051 per ton.

From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Spain (0.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in India (FOB) - 2022

The average export price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses stood at $911 per ton in 2022, which is down by -30.3% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 170%. As a result, the export price reached the peak level of $2,224 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

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 the UK ($3,075 per ton), while the average price for exports to the United Arab Emirates ($179 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in India

In 2022, supplies from abroad of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses was finally on the rise to reach 706 tons after two years of decline. Over the period under review, imports, however, faced a sharp descent.

In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses soared to $829K in 2022. In general, imports, however, showed a sharp descent.

Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres to India in 2022:

1. Indonesia (396.4 tons)
2. Thailand (62.6 tons)
3. United Kingdom (61.3 tons)
4. Bangladesh (52.0 tons)
5. Spain (45.4 tons)
6. Vietnam (27.1 tons)
7. Italy (24.3 tons)
8. Germany (19.9 tons)

Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in India

In 2022, exports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses from India surged to 199 tons, jumping by 95% on 2021. Over the period under review, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 113%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses skyrocketed to $181K in 2022. Overall, exports saw a moderate increase. The growth pace was the most rapid in 2021 with an increase of 131%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres from India in 2022:

1. United Arab Emirates (133.8 tons)
2. United Kingdom (32.3 tons)
3. Poland (29.4 tons)

Source: IndexBox Market Intelligence Platform