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

Contents:

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

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

In 2022, the average export price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses amounted to $1,807 per ton, growing by 14% against the previous year. Overall, the export price, however, saw a mild curtailment. The pace of growth appeared the most rapid in 2021 when the average export price increased by 58%. The export price peaked at $2,006 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Lithuania ($1,829 per ton) and Turkey ($1,824 per ton), while the average price for exports to Uzbekistan ($1,305 per ton) and Ukraine ($1,768 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+21.4%), 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 Russia (CIF) - 2022

The average import price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses stood at $222 per ton in 2022, declining by -62.1% against the previous year. In general, the import price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 an increase of 36%. The import price peaked at $1,065 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 ($331 per ton), while the price for Kazakhstan totaled $206 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (-4.3%), while the prices for the other major suppliers experienced a decline.

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

Exports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses from Russia rose modestly to 1.7K tons in 2022, increasing by 2.7% on the previous year's figure. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -12.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 69% against the previous year. As a result, the exports reached the peak of 2K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses surged to $3.2M in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 35%. 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 Russia in 2022:

1. Turkey (1575.1 tons)
2. Ukraine (81.6 tons)
3. Lithuania (37.7 tons)
4. Uzbekistan (35.0 tons)

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

In 2022, after three years of growth, there was significant decline in purchases abroad of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses, when their volume decreased by -97.1% to 83 tons. Over the period under review, imports recorded a dramatic slump. The growth pace was the most rapid in 2020 with an increase of 94% against the previous year.

In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses declined rapidly to $18K in 2022. Overall, imports faced a precipitous contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 74%. As a result, imports attained the peak of $1.7M, and then dropped notably in the following year.

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

1. Kazakhstan (72.8 tons)
2. Turkey (10.4 tons)

Source: IndexBox Market Intelligence Platform