Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in India - 2024
Contents:
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in India (CIF) - 2024
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in India (FOB) - 2022
- Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in India
- Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in India
Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in India (CIF) - 2024
In April 2024, the average import price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses amounted to $862 per ton, dropping by -27.4% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 58% against the previous month. The import price peaked at $1,264 per ton in June 2023; however, from July 2023 to April 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In April 2024, the country with the highest price was the UK ($10,411 per ton), while the price for South Africa ($198 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Bangladesh (+1.2%), 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 India (FOB) - 2022
In 2022, the average export price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses amounted to $1,950 per ton, picking up by 60% against the previous year. Overall, the export price posted a resilient expansion. The pace of growth was the most pronounced in 2021 an increase of 82%. The export price peaked 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 Netherlands ($3,848 per ton), while the average price for exports to Ireland ($773 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 Slovenia (+57.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in India
In 2022, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses into India soared to 14K tons, picking up by 67% compared with 2021 figures. Over the period under review, imports recorded a strong expansion. 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 skyrocketed to $13M in 2022. Overall, imports saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 983 | 1,326 | 2,913 | 4,622 | 67.5% |
| United States | 1,514 | 1,964 | 1,507 | 2,862 | 23.6% |
| Indonesia | 964 | 540 | 234 | 1,987 | 27.3% |
| Bangladesh | 808 | 726 | 1,088 | 1,120 | 11.5% |
| Mexico | 101 | N/A | 60.8 | 519 | 72.6% |
| United Arab Emirates | 12.1 | 40.4 | N/A | 231 | 167.3% |
| Malaysia | 546 | 5.9 | 12.3 | 173 | -31.8% |
| Portugal | 316 | 19.8 | 50.7 | 119 | -27.8% |
| South Africa | 270 | 82.0 | 66.7 | 52.4 | -42.1% |
| Others | 2,707 | 1,049 | 1,360 | 1,746 | -13.6% |
| Total | 8,221 | 5,753 | 7,293 | 13,431 | 17.8% |
Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres to India in 2022:
- Thailand (3.2K tons)
- Bangladesh (3.0K tons)
- United States (2.7K tons)
- Indonesia (1.6K tons)
- Mexico (1.2K tons)
- United Arab Emirates (0.6K tons)
- South Africa (0.3K tons)
- Malaysia (0.3K tons)
- Portugal (0.1K tons)
Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in India
After two years of decline, shipments abroad of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses increased by 287% to 4.1K tons in 2022. Over the period under review, exports showed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses soared to $7.9M in 2022. Overall, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovenia | N/A | 29.5 | 458 | 5,787 | 1300.6% |
| Netherlands | 18.7 | N/A | N/A | 1,345 | 315.9% |
| Ireland | 472 | 244 | 129 | 341 | -10.3% |
| United States | N/A | 0.1 | 22.6 | 216 | 4547.6% |
| Italy | 508 | 348 | 370 | 0.2 | -92.7% |
| South Korea | 763 | 124 | N/A | N/A | -83.7% |
| Ethiopia | 64.7 | 43.5 | N/A | N/A | -32.8% |
| Others | 511 | 192 | 301 | 258 | -20.4% |
| Total | 2,338 | 981 | 1,282 | 7,948 | 50.4% |
Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres from India in 2022:
- Slovenia (3038.1 tons)
- Ireland (441.9 tons)
- Netherlands (349.6 tons)
- United States (120.2 tons)
- Italy (0.2 tons)
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