Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Indonesia - 2022

Contents:

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

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

In 2022, the average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $3,417 per ton, falling by -21.9% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 31% against the previous year. As a result, import price reached the peak level of $4,567 per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($7,300 per ton), while the price for Vietnam ($2,656 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+70.9%), 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 Indonesia (FOB) - 2022

In 2022, the average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $2,999 per ton, waning by -5.1% against the previous year. Overall, the export price saw a slight reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices reached the maximum at $3,508 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($5,757 per ton), while the average price for exports to India stood at $2,690 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+44.2%), 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 Indonesia

In 2022, approx. 600 tons of synthetic staple fibres, carded, combed or otherwise processed for spinnings were imported into Indonesia; with a decrease of -45.2% compared with 2021. Over the period under review, imports saw a deep contraction. The growth pace was the most rapid in 2021 when imports increased by 143% against the previous year. As a result, imports reached the peak of 1.1K tons, and then reduced notably in the following year.

In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings contracted remarkably to $2M in 2022. Overall, imports saw a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 167% against the previous year. As a result, imports attained the peak of $4.8M, and then dropped sharply in the following year.

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

1. Vietnam (356.3 tons)
2. Taiwan (Chinese) (113.2 tons)
3. China (59.8 tons)
4. Peru (55.0 tons)
5. Italy (7.8 tons)
6. South Korea (1.1 tons)

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

In 2022, shipments abroad of synthetic staple fibres, carded, combed or otherwise processed for spinnings decreased by -71.5% to 72 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 706%. As a result, the exports attained the peak of 499 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings declined markedly to $217K in 2022. Over the period under review, exports, however, saw a strong expansion. The growth pace was the most rapid in 2020 with an increase of 892% against the previous year. As a result, the exports attained the peak of $1.3M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. India (69.5 tons)
2. Pakistan (1.3 tons)

Source: IndexBox Market Intelligence Platform