Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Saudi Arabia - 2022
Contents:
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Saudi Arabia (FOB) - 2022
- Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Saudi Arabia
Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Saudi Arabia (FOB) - 2022
In 2021, the average export price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses amounted to $735 per ton, with an increase of 23% against the previous year. Over the last three years, it increased at an average annual rate of +1.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Turkey.
From 2018 to 2021, the rate of growth in terms of prices for Turkey amounted to -15.0% per year.
Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Saudi Arabia
In 2022, approx. 830 tons of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses were exported from Saudi Arabia; waning by -26.4% compared with the year before. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 143%. As a result, the exports reached the peak of 1.1K tons, and then reduced sharply in the following year.
In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses fell to $765K in 2022. In general, exports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by 200%. As a result, the exports reached the peak of $829K, and then contracted in the following year.
| Export of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Saudi Arabia (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| Turkey | 42.8 | 276 | 146 | 84.7% |
| Belgium | 17.9 | N/A | N/A | 0% |
| Others | 485 | N/A | 683 | 18.7% |
| Total | 545 | 276 | 829 | 23.3% |
Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres from Saudi Arabia in 2022:
- Turkey (323.2 tons)
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