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

Contents:

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

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

In 2022, the average export price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses amounted to $1,122 per ton, remaining stable against the previous year. Overall, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses increased by +64.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 64% against the previous year. Over the period under review, the average export prices reached the maximum at $1,387 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Japan ($3,152 per ton), while the average price for exports to Malaysia ($534 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 China (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In May 2024, the average import price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses amounted to $528 per ton, shrinking by -26.7% against the previous month. Overall, the import price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in February 2024 when the average import price increased by 53% month-to-month. As a result, import price attained the peak level of $814 per ton. From March 2024 to May 2024, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In May 2024, the country with the highest price was Japan ($892 per ton), while the price for Taiwan (Chinese) ($397 per ton) was amongst the lowest.

From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Vietnam (+3.0%), 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 Thailand

In 2022, approx. 5.7K tons of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses were exported from Thailand; increasing by 64% compared with the year before. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 113% against the previous year. The exports peaked in 2022 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 skyrocketed to $6.4M in 2022. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 248% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

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

1. India (3.8K tons)
2. Pakistan (1.4K tons)
3. Malaysia (0.5K tons)

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

In 2022, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses into Thailand declined markedly to 4.7K tons, reducing by -19.6% against 2021 figures. Overall, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 38%. As a result, imports reached the peak of 5.9K tons, and then shrank rapidly in the following year.

In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses contracted rapidly to $2.8M in 2022. In general, imports showed a deep reduction. The growth pace was the most rapid in 2021 with an increase of 33%. As a result, imports attained the peak of $3.7M, and then fell rapidly in the following year.

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

1. Taiwan (Chinese) (2320.3 tons)
2. Vietnam (1117.9 tons)
3. Japan (928.9 tons)
4. Singapore (228.1 tons)
5. China (79.5 tons)
6. Indonesia (24.9 tons)

Source: IndexBox Market Intelligence Platform