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

Contents:

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

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

In 2022, the average import price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses amounted to $321 per ton, rising by 17% against the previous year. Overall, the import price, however, continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2013 when the average import price increased by 88%. As a result, import price reached the peak level of $770 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Panama ($593 per ton), while the price for Colombia stood at $294 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (-6.1%).

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

For the fourth consecutive year, Venezuela recorded growth in overseas purchases of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses, which increased by 8.8% to 32 tons in 2022. Over the period under review, imports posted significant growth. The growth pace was the most rapid in 2020 when imports increased by 162%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses soared to $10K in 2022. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 128%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.

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

1. Colombia (29.2 tons)
2. Panama (2.8 tons)

Source: IndexBox Market Intelligence Platform