Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Brazil - 2024

Contents:

1. Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Brazil (CIF) - 2022
2. Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Brazil (FOB) - 2022
3. Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Brazil
4. Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Brazil

Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Brazil (CIF) - 2022

In 2022, the average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $3,480 per ton, rising by 22% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2021 an increase of 24%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Peru ($3,565 per ton) and Mexico ($3,154 per ton), while the price for China ($2,917 per ton) and Turkey ($3,071 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Brazil (FOB) - 2022

The average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings stood at $3,658 per ton in 2022, picking up by 27% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 56%. As a result, the export price reached the peak level of $5,518 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Paraguay.

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to +3.7% per year.

Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Brazil

For the fourth year in a row, Brazil recorded growth in supplies from abroad of synthetic staple fibres, carded, combed or otherwise processed for spinnings, which increased by 0.8% to 2.4K tons in 2022. The total import volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 3.4% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings skyrocketed to $8.5M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 24%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning to Brazil in 2022:

1. Peru (1975.4 tons)
2. Turkey (366.7 tons)
3. China (64.9 tons)
4. Mexico (19.3 tons)

Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Brazil

In 2022, after three years of growth, there was significant decline in shipments abroad of synthetic staple fibres, carded, combed or otherwise processed for spinnings, when their volume decreased by -23.9% to 12 tons. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 213% against the previous year. As a result, the exports reached the peak of 16 tons, and then plummeted in the following year.

In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings fell to $45K in 2022. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 149% against the previous year. As a result, the exports attained the peak of $46K, and then dropped in the following year.

Top Export Markets for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning from Brazil in 2022:

1. Paraguay (12.2 tons)

Source: IndexBox Market Intelligence Platform