Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in the United Arab Emirates - 2022

Contents:

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

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

The average export price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses stood at $651 per ton in 2022, declining by -3.9% against the previous year. Over the period under review, the export price showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when the average export price increased by 20%. Over the period under review, the average export prices hit record highs at $1,111 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($981 per ton), while the average price for exports to India ($397 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 Egypt (+12.2%), 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 the United Arab Emirates (CIF) - 2022

In 2022, the average import price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses amounted to $230 per ton, declining by -57.9% against the previous year. Over the period under review, the import price faced a abrupt descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by 143%. Over the period under review, average import prices reached the peak figure at $1,400 per ton in 2016; however, from 2017 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 Malaysia ($294 per ton), while the price for Pakistan amounted to $187 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+17.4%), 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 the United Arab Emirates

After two years of decline, overseas shipments of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses increased by 104% to 1.3K tons in 2022. In general, exports posted buoyant growth. As a result, the exports reached the peak 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 soared to $867K in 2022. Over the period under review, exports saw a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. India (630.5 tons)
2. Turkey (438.9 tons)
3. Italy (151.7 tons)
4. Belgium (102.8 tons)

Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in the United Arab Emirates

Imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses into the United Arab Emirates skyrocketed to 2.2K tons in 2022, increasing by 862% compared with the year before. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses soared to $516K in 2022. Overall, imports enjoyed a significant increase. 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 the United Arab Emirates in 2022:

1. Pakistan (1367.5 tons)
2. Malaysia (878.3 tons)

Source: IndexBox Market Intelligence Platform