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

Contents:

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

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

The average export price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses stood at $404 per ton in 2022, declining by -4% against the previous year. Overall, the export price recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 when the average export price increased by 7%. The export price peaked at $841 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($429 per ton), while the average price for exports to Pakistan ($218 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 India (+2.1%), while the prices for the other major destinations experienced a decline.

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

The average import price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses stood at $342 per ton in 2022, reducing by -78.2% against the previous year. Overall, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 103%. The import price peaked at $2,337 per ton in 2020; however, from 2021 to 2022, import prices remained at a 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 Japan ($2,105 per ton), while the price for Malaysia ($200 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Bangladesh

In 2022, the amount of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses exported from Bangladesh expanded significantly to 3.1K tons, picking up by 12% compared with the previous year's figure. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.1% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 35%. Over the period under review, the exports of hit record highs 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 synthetic fibreses expanded sharply to $1.3M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 44% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

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

1. India (2017.8 tons)
2. China (481.1 tons)
3. Pakistan (442.5 tons)
4. South Korea (76.3 tons)

Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Bangladesh

After two years of decline, purchases abroad of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses increased by 1,637% to 102 tons in 2022. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses soared to $35K in 2022. Over the period under review, imports, however, continue to indicate a dramatic contraction.

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

1. Malaysia (90.2 tons)
2. United Kingdom (7.3 tons)
3. India (1.8 tons)
4. Taiwan (Chinese) (1.2 tons)
5. Japan (0.4 tons)

Source: IndexBox Market Intelligence Platform