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

Contents:

1. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Mexico (FOB) - 2024
2. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Mexico (CIF) - 2024
3. Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Mexico
4. Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Mexico

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

The average export price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses stood at $667 per ton in April 2024, jumping by 61% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $1,435 per ton in September 2023; however, from October 2023 to April 2024, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In April 2024, the country with the highest price was the United States ($722 per ton), while the average price for exports to India stood at $559 per ton.

From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to India (+17.2%), 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 Mexico (CIF) - 2024

The average import price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses stood at $857 per ton in April 2024, waning by -18.8% against the previous month. Over the period under review, the import price saw a abrupt decline. The pace of growth appeared the most rapid in March 2024 when the average import price increased by 22% against the previous month. The import price peaked at $1,076 per ton in December 2023; however, from January 2024 to April 2024, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From December 2023 to April 2024, the rate of growth in terms of prices for the United States amounted to -5.5% per month.

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

In 2022, the amount of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses exported from Mexico declined remarkably to 1.7K tons, reducing by -29.1% on 2021. Overall, exports showed a sharp curtailment. The smallest decline of -27.6% was in 2020.

In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses totaled $1.7M in 2022. In general, exports saw a dramatic slump.

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

1. United States (1139.4 tons)
2. Italy (367.0 tons)
3. India (202.6 tons)

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

For the third year in a row, Mexico recorded decline in overseas purchases of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses, which decreased by -38% to 184 tons in 2022. Overall, imports showed a sharp slump. The smallest decline of -27% was in 2020.

In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses contracted significantly to $159K in 2022. Over the period under review, imports continue to indicate a significant decline.

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

1. United States (184.2 tons)

Source: IndexBox Market Intelligence Platform