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

Contents:

1. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Venezuela (CIF) - 2022
2. Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Venezuela

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

In 2022, the average import price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses amounted to $5,042 per ton, surging by 8.4% against the previous year. In general, the import price saw prominent growth. The pace of growth was the most pronounced in 2014 when the average import price increased by 71%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +139.9% per year.

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

For the third year in a row, Venezuela recorded decline in purchases abroad of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses, which decreased by -19.4% to 1.9 tons in 2022. In general, imports faced a deep reduction.

In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses declined to $9.4K in 2022. Overall, imports recorded a abrupt slump. The smallest decline of -12.6% was in 2020.

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

1. United States (1.9 tons)

Source: IndexBox Market Intelligence Platform