Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Egypt - 2024

Contents:

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

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

In 2022, the average export price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses amounted to $1,259 per ton, growing by 16% against the previous year. Over the period under review, the export price showed prominent growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 38% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($1,259 per ton), while the average price for exports to Italy ($1,259 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 China (+34.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2021, the average import price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses amounted to $1,051 per ton, jumping by 35% against the previous year. Overall, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses decreased by -0.2% against 2019 indices. The pace of growth appeared the most rapid in 2015 an increase of 57%. The import price peaked at $1,052 per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Indonesia ($1,051 per ton), while the price for Thailand stood at $1,050 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+16.0%), 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 Egypt

In 2022, after two years of decline, there was significant growth in shipments abroad of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses, when their volume increased by 31% to 331 tons. Overall, exports, however, continue to indicate a abrupt decrease.

In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses skyrocketed to $417K in 2022. In general, exports, however, showed a deep slump.

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

1. Portugal (150.5 tons)
2. Italy (136.9 tons)
3. Turkey (43.6 tons)

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

Imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses into Egypt plummeted to 21 tons in 2021, waning by -45.8% compared with the year before. In general, imports recorded a precipitous curtailment. The smallest decline of -44.4% was in 2020.

In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses dropped significantly to $22K in 2021. Overall, imports showed a significant decline.

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

1. Thailand (17.2 tons)
2. Indonesia (4.1 tons)

Source: IndexBox Market Intelligence Platform