Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Denmark - 2023

Contents:

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

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

The average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings stood at $10,692 per ton in 2022, with a decrease of -48.2% against the previous year. In general, the import price, however, enjoyed a slight increase. The growth pace was the most rapid in 2021 an increase of 69% against the previous year. As a result, import price reached the peak level of $20,653 per ton, and then contracted markedly in the following year.

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 India ($28,646 per ton), while the price for Belgium ($1,363 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings stood at $29,261 per ton in 2022, increasing by 107% against the previous year. Over the period under review, the export price saw pronounced growth. The growth pace was the most rapid in 2021 an increase of 118% against the previous year. The export price peaked at $31,857 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 Greenland ($37,000 per ton), while the average price for exports to Faroe Islands ($15,868 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 Poland (+28.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

For the fourth year in a row, Denmark recorded growth in purchases abroad of synthetic staple fibres, carded, combed or otherwise processed for spinnings, which increased by 28% to 9 tons in 2022. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 191%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings contracted rapidly to $96K in 2022. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 189%. As a result, imports attained the peak of $145K, and then reduced notably in the following year.

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

1. Belgium (5.3 tons)
2. China (2.8 tons)
3. India (0.4 tons)
4. Germany (0.2 tons)

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

For the third consecutive year, Denmark recorded decline in overseas shipments of synthetic staple fibres, carded, combed or otherwise processed for spinnings, which decreased by -47.4% to 1.1 tons in 2022. In general, exports showed a precipitous curtailment. The smallest decline of -5.1% was in 2020.

In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings expanded remarkably to $32K in 2022. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 71% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

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

1. United Kingdom (393.0 kg)
2. Germany (272.0 kg)
3. Faroe Islands (235.0 kg)
4. Hungary (53.0 kg)
5. Finland (41.0 kg)
6. Estonia (25.0 kg)
7. Mexico (17.0 kg)
8. Norway (12.0 kg)
9. Iceland (2.0 kg)

Source: IndexBox Market Intelligence Platform