Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Bangladesh - 2022
Contents:
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Bangladesh (FOB) - 2022
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Bangladesh (CIF) - 2022
- Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Bangladesh
- 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.
Export of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Bangladesh (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 484 | 425 | 750 | 866 | 21.4% |
China | 165 | 153 | 171 | 167 | 0.4% |
Pakistan | 146 | 117 | 114 | 96.6 | -12.9% |
South Korea | 57.1 | 21.9 | 24.2 | 23.4 | -25.7% |
Others | 79.8 | 98.7 | 117 | 113 | 12.3% |
Total | 932 | 816 | 1,176 | 1,266 | 10.7% |
Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres from Bangladesh in 2022:
- India (2017.8 tons)
- China (481.1 tons)
- Pakistan (442.5 tons)
- 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.
Import of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Bangladesh (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 66.1 | N/A | N/A | 18.0 | -35.2% |
United Kingdom | 29.4 | 40.3 | 3.6 | 10.6 | -28.8% |
Taiwan (Chinese) | 3.0 | 7.8 | 2.4 | 2.7 | -3.5% |
India | 0.2 | 0.3 | 1.4 | 1.4 | 91.3% |
Japan | 2.4 | 4.8 | 1.2 | 0.9 | -27.9% |
Others | 0.9 | 2.4 | 0.6 | 1.0 | 3.6% |
Total | 102 | 55.5 | 9.2 | 34.7 | -30.2% |
Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres to Bangladesh in 2022:
- Malaysia (90.2 tons)
- United Kingdom (7.3 tons)
- India (1.8 tons)
- Taiwan (Chinese) (1.2 tons)
- Japan (0.4 tons)
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