Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Ecuador - 2022
Contents:
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Ecuador (CIF) - 2022
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Ecuador (FOB) - 2022
- Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Ecuador
- Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Ecuador
Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Ecuador (CIF) - 2022
The average import price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses stood at $2,642 per ton in 2022, picking up by 77% against the previous year. Overall, the import price showed a strong expansion. The pace of growth appeared the most rapid in 2021 an increase of 200% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.
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 Spain ($3,671 per ton), while the price for Belgium ($27 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Ecuador (FOB) - 2022
The average export price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses stood at $1,413 per ton in 2022, increasing by 56% against the previous year. In general, the export price showed a buoyant increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 59%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($4,000 per ton), while the average price for exports to Spain ($251 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 the United States (+34.6%), 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 Synthetic Fibres in Ecuador
In 2022, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses into Ecuador declined modestly to 18 tons, dropping by -1.9% on 2021. Over the period under review, imports recorded a precipitous decline. The most prominent rate of growth was recorded in 2021 when imports increased by 26%.
In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses skyrocketed to $47K in 2022. Overall, imports, however, showed a slight expansion. The most prominent rate of growth was recorded in 2021 with an increase of 277%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 33.2 | 5.5 | 21.5 | 38.3 | 4.9% |
| United States | 7.2 | 1.0 | 3.3 | 5.0 | -11.4% |
| Peru | 2.6 | 0.4 | 1.7 | 3.0 | 4.9% |
| Pakistan | 0.7 | 0.1 | 0.5 | 0.8 | 4.6% |
| China | 0.9 | 0.2 | 0.3 | 0.1 | -51.9% |
| Belgium | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 44.7 | 7.2 | 27.2 | 47.2 | 1.8% |
Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres to Ecuador in 2022:
- Spain (10.4 tons)
- Peru (2.5 tons)
- United States (2.2 tons)
- Pakistan (2.0 tons)
- Belgium (0.5 tons)
- China (0.2 tons)
Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Ecuador
After three years of growth, shipments abroad of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses decreased by -97.5% to 1 tons in 2022. Overall, exports continue to indicate a dramatic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 59% against the previous year.
In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses fell notably to $1.4K in 2022. In general, exports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 83% against the previous year. As a result, the exports attained the peak of $36K, and then contracted markedly in the following year.
| Export of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 9.1 | 8.8 | 20.6 | 1.0 | -52.1% |
| China | 1.1 | 7.5 | 11.1 | 0.3 | -35.2% |
| Spain | 0.5 | 2.6 | 3.6 | 0.1 | -41.5% |
| Others | 0.2 | 0.9 | 1.0 | N/A | 123.6% |
| Total | 10.9 | 19.8 | 36.3 | 1.4 | -49.5% |
Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres from Ecuador in 2022:
- Turkey (442.0 kg)
- Spain (378.0 kg)
- China (184.0 kg)
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