Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in the United States - 2024
Contents:
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in the United States (FOB) - 2024
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in the United States (CIF) - 2024
- Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in the United States
- Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in the United States
Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in the United States (FOB) - 2024
The average export price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses stood at $790 per ton in June 2024, shrinking by -24.5% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2023 an increase of 35% m-o-m. As a result, the export price attained the peak level of $1,166 per ton. From January 2024 to June 2024, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In June 2024, the country with the highest price was Slovenia ($1,246 per ton), while the average price for exports to France ($334 per ton) was amongst the lowest.
From June 2023 to June 2024, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+13.3%), 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 the United States (CIF) - 2024
In June 2024, the average import price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses amounted to $896 per ton, with an increase of 9.1% against the previous month. Overall, the import price, however, saw a pronounced shrinkage. The pace of growth appeared the most rapid in September 2023 when the average import price increased by 45% against the previous month. As a result, import price reached the peak level of $1,375 per ton. From October 2023 to June 2024, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($7,400 per ton), while the price for Honduras ($338 per ton) was amongst the lowest.
From June 2023 to June 2024, the most notable rate of growth in terms of prices was attained by Canada (+12.2%), 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 the United States
In 2022, approx. 28K tons of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses were exported from the United States; growing by 4.3% on the year before. Overall, exports, however, showed a mild contraction. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year.
In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses expanded rapidly to $29M in 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 57%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 4.1 | 4.4 | 3.9 | 5.7 | 11.6% |
| Canada | 3.4 | 2.0 | 3.9 | 5.0 | 13.7% |
| Italy | 6.3 | 4.7 | 3.7 | 4.0 | -14.1% |
| Slovenia | 1.9 | N/A | 1.4 | 3.7 | 24.9% |
| Turkey | 1.4 | 1.3 | 2.8 | 2.7 | 24.5% |
| India | 0.3 | 0.5 | 0.9 | 2.4 | 100.0% |
| South Korea | 2.4 | 1.7 | 5.7 | 2.0 | -5.9% |
| Germany | 6.2 | 0.6 | 0.2 | 1.0 | -45.6% |
| Belgium | 0.5 | 0.5 | 0.2 | 0.3 | -15.7% |
| Dominican Republic | 0.4 | 0.3 | 0.4 | 0.2 | -20.6% |
| Others | 2.2 | 1.1 | 3.7 | 2.0 | -3.1% |
| Total | 28.9 | 17.2 | 27.0 | 29.0 | 0.1% |
Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres from the United States in 2022:
- Mexico (6.7K tons)
- Italy (6.6K tons)
- Canada (4.5K tons)
- India (2.4K tons)
- Slovenia (2.4K tons)
- South Korea (1.5K tons)
- Turkey (1.1K tons)
- Dominican Republic (0.7K tons)
- Germany (0.4K tons)
- Belgium (0.4K tons)
Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in the United States
In 2022, the amount of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses imported into the United States dropped notably to 6K tons, with a decrease of -20% compared with the previous year's figure. In general, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year.
In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses dropped to $7.8M in 2022. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 114%.
| Import of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 1.4 | 0.5 | 1.8 | 2.2 | 16.3% |
| Mexico | 1.6 | 1.0 | 1.4 | 1.9 | 5.9% |
| Turkey | 3.2 | 1.3 | 1.7 | 1.5 | -22.3% |
| Canada | 1.3 | 0.6 | 1.4 | 0.8 | -14.9% |
| Japan | 0.6 | 0.3 | 0.4 | 0.3 | -20.6% |
| Netherlands | N/A | N/A | N/A | 0.2 | 0% |
| El Salvador | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Others | 0.9 | 0.3 | 2.0 | 0.7 | -8.0% |
| Total | 9.1 | 4.1 | 8.8 | 7.8 | -5.0% |
Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres to the United States in 2022:
- Mexico (1748.5 tons)
- Canada (1119.2 tons)
- Belgium (1025.9 tons)
- Turkey (780.4 tons)
- El Salvador (598.4 tons)
- Japan (329.7 tons)
- Netherlands (132.4 tons)
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