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

Contents:

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

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

The average import price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses stood at $3,462 per ton in 2022, rising by 57% against the previous year. In general, the import price, however, saw a deep setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 58% against the previous year. The import price peaked at $4,951 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($64,600 per ton), while the price for Italy amounted to $1,620 per ton.

From 2018 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+10.4%), 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 Singapore (FOB) - 2022

The average export price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses stood at $160,154 per ton in 2022, increasing by 7.7% against the previous year. In general, the export price enjoyed strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($167,250 per ton), while the average price for exports to Indonesia amounted to $75,000 per ton.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+42.0%), 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 Singapore

After two years of growth, purchases abroad of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses decreased by -97.8% to 171 kg in 2022. Overall, imports saw a sharp curtailment. The pace of growth was the most pronounced in 2021 with an increase of 194%. As a result, imports attained the peak of 7.6 tons, and then contracted remarkably in the following year.

In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses reduced rapidly to $592 in 2022. In general, imports saw a sharp downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 365%. As a result, imports reached the peak of $17K, and then contracted significantly in the following year.

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

1. Italy (166.0 kg)
2. Spain (5.0 kg)

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

In 2022, exports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses from Singapore shrank remarkably to 13 kg, dropping by -53.6% against 2021 figures. Overall, exports showed a dramatic setback.

In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses shrank notably to $2.1K in 2022. In general, exports recorded a precipitous decline.

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

1. Malaysia (12.0 kg)
2. Indonesia (1.0 kg)

Source: IndexBox Market Intelligence Platform