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

Contents:

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

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

The average export price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses stood at $1,126 per ton in 2022, picking up by 22% against the previous year. In general, the export price, however, recorded a perceptible descent. Over the period under review, the average export prices hit record highs at $1,747 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($1,126 per ton), while the average price for exports to Japan amounted to $1,126 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.3%).

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

The average import price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses stood at $1,785 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price showed a slight decline. The most prominent rate of growth was recorded in 2021 an increase of 93%. Over the period under review, average import prices attained the maximum at $1,990 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +55.0% per year.

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

In 2022, exports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses from Vietnam declined significantly to 243 tons, waning by -32.5% on 2021. Over the period under review, exports faced a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 6%.

In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses declined notably to $274K in 2022. In general, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2021 when exports increased by 9.7%.

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

1. Japan (230.8 tons)
2. India (12.2 tons)

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

In 2022, purchases abroad of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses decreased by -66.7% to 118 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2021 when imports increased by 186%. As a result, imports reached the peak of 355 tons, and then declined rapidly in the following year.

In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses dropped notably to $211K in 2022. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 452% against the previous year. As a result, imports attained the peak of $635K, and then fell dramatically in the following year.

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

1. China (118.0 tons)

Source: IndexBox Market Intelligence Platform