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

Contents:

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

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

In 2022, the average export price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses amounted to $602 per ton, shrinking by -22.9% against the previous year. In general, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 28%. Over the period under review, the average export prices reached the maximum at $1,820 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($1,367 per ton), while the average price for exports to India ($566 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 Ecuador (+2.3%), 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 Peru (CIF) - 2022

The average import price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses stood at $1,245 per ton in 2022, surging by 35% against the previous year. Over the period under review, the import price saw a strong expansion. The pace of growth appeared the most rapid in 2013 an increase of 153% against the previous year. As a result, import price attained the peak level of $1,734 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 Turkey ($1,526 per ton), while the price for China ($340 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+10.4%), 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 Peru

In 2022, the amount of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses exported from Peru skyrocketed to 446 tons, with an increase of 16% compared with the previous year. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +16.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.0% against 2019 indices. As a result, the exports reached 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 shrank to $268K in 2022. In general, exports, however, faced a abrupt contraction. The smallest decline of -10.4% was in 2021.

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

1. India (424.6 tons)
2. Ecuador (18.2 tons)

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

In 2022, approx. 143 tons of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses were imported into Peru; dropping by -20.3% on 2021 figures. Overall, imports continue to indicate a deep slump. The growth pace was the most rapid in 2021 when imports increased by 63% against the previous year. As a result, imports reached the peak of 180 tons, and then dropped dramatically in the following year.

In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses expanded notably to $179K in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 67% against the previous year.

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

1. India (54.1 tons)
2. Turkey (49.1 tons)
3. United Kingdom (17.5 tons)
4. Chile (10.4 tons)
5. United States (9.6 tons)
6. China (2.7 tons)

Source: IndexBox Market Intelligence Platform