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

Contents:

1. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Romania (FOB) - 2024
2. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Romania (CIF) - 2022
3. Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Romania
4. Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Romania

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

The average export price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses stood at $455 per ton in April 2024, falling by -35.9% against the previous month. Over the period under review, the export price showed a abrupt downturn. The pace of growth was the most pronounced in September 2023 an increase of 191% against the previous month. Over the period under review, the average export prices hit record highs at $1,339 per ton in June 2023; however, from July 2023 to April 2024, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From April 2023 to April 2024, the rate of growth in terms of prices for Turkey amounted to +2.8% per month.

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

In 2022, the average import price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses amounted to $2,387 per ton, surging by 11% against the previous year. Over the period under review, the import price saw a pronounced increase. The most prominent rate of growth was recorded in 2016 an increase of 168% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($13,090 per ton), while the price for Germany ($377 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+479.5%), 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 Romania

In 2022, approx. 3K tons of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses were exported from Romania; growing by 11% compared with the year before. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +9.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.3% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 40%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses skyrocketed to $3.3M in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 68% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Turkey (1840.0 tons)
2. Italy (940.8 tons)
3. Germany (157.3 tons)
4. Belgium (64.8 tons)

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

In 2022, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses into Romania surged to 111 tons, with an increase of 39% on the year before. Overall, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 116% against the previous year. As a result, imports reached the peak of 150 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses soared to $265K in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +19.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Germany (66.1 tons)
2. Italy (21.2 tons)
3. Bulgaria (7.4 tons)
4. Poland (7.3 tons)
5. Spain (3.3 tons)
6. Belgium (2.2 tons)
7. Netherlands (1.8 tons)

Source: IndexBox Market Intelligence Platform