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

Contents:

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

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

The average export price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses stood at $1,156 per ton in 2022, with an increase of 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2018 an increase of 23%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($1,848 per ton), while the average price for exports to Taiwan (Chinese) ($273 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 Turkey (+19.8%), 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 Indonesia (CIF) - 2022

In 2022, the average import price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses amounted to $475 per ton, growing by 28% against the previous year. Over the period under review, the import price, however, showed a pronounced contraction. The import price peaked at $756 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($552 per ton), while the price for Italy ($287 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, approx. 2.9K tons of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses were exported from Indonesia; approximately reflecting the year before. Over the period under review, exports showed a abrupt contraction.

In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses surged to $3.4M in 2022. In general, exports saw a abrupt shrinkage.

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

1. India (1597.5 tons)
2. Australia (554.1 tons)
3. Turkey (341.7 tons)
4. Malaysia (135.2 tons)
5. South Korea (126.8 tons)
6. United Kingdom (63.6 tons)
7. Thailand (23.7 tons)
8. New Zealand (21.2 tons)

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

In 2022, supplies from abroad of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses decreased by -9.1% to 6.6K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 20%.

In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses skyrocketed to $3.1M in 2022. The total import value increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 18% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. Vietnam (1293.3 tons)
2. Taiwan (Chinese) (1240.0 tons)
3. South Korea (1177.8 tons)
4. Japan (674.8 tons)
5. Israel (596.4 tons)
6. Malaysia (575.7 tons)
7. Spain (383.9 tons)
8. Italy (237.7 tons)

Source: IndexBox Market Intelligence Platform