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

Contents:

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

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

In 2022, the average import price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses amounted to $695 per ton, waning by -5.4% against the previous year. Over the period under review, the import price recorded a perceptible curtailment. The pace of growth was the most pronounced in 2017 when the average import price increased by 23%. Over the period under review, average import prices hit record highs at $887 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($1,500 per ton), while the price for Morocco ($132 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In April 2024, the average export price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses amounted to $774 per ton, growing by 11% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 29% month-to-month. Over the period under review, the average export prices attained the peak figure at $782 per ton in April 2023; however, from May 2023 to April 2024, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Belgium ($1,305 per ton), while the average price for exports to Morocco ($120 per ton) was amongst the lowest.

From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses into Spain soared to 8.5K tons, rising by 46% compared with 2021. In general, imports enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by 48%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses surged to $5.9M in 2022. Over the period under review, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 52% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

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

1. Morocco (1603.1 tons)
2. Belgium (1552.6 tons)
3. France (1307.3 tons)
4. United States (750.1 tons)
5. Portugal (592.8 tons)
6. Germany (568.6 tons)
7. El Salvador (553.0 tons)
8. Poland (332.5 tons)
9. Turkey (284.4 tons)

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

In 2022, approx. 4.7K tons of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses were exported from Spain; shrinking by -15.9% on 2021 figures. In general, total exports indicated noticeable growth from 2019 to 2022: its volume increased at an average annual rate of +3.3% 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 +27.0% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 51%. As a result, the exports attained the peak of 5.6K tons, and then plummeted in the following year.

In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses declined to $4.3M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +5.0% 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 +70.6% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 79% against the previous year. As a result, the exports reached the peak of $4.5M, and then declined in the following year.

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

1. Italy (1358.2 tons)
2. Germany (846.1 tons)
3. Portugal (524.2 tons)
4. Morocco (443.2 tons)
5. Turkey (302.1 tons)
6. Canada (250.9 tons)
7. Indonesia (250.7 tons)
8. France (143.2 tons)
9. Romania (119.0 tons)
10. El Salvador (108.0 tons)
11. Lithuania (45.9 tons)
12. Algeria (38.2 tons)

Source: IndexBox Market Intelligence Platform