Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Portugal - 2023
Contents:
- Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Portugal (FOB) - 2023
- Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Portugal (CIF) - 2023
- Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Portugal
- Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Portugal
Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Portugal (FOB) - 2023
In November 2023, the average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $3,312 per ton, dropping by -4.1% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 9.7% m-o-m. As a result, the export price attained the peak level of $3,993 per ton. From June 2023 to November 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($4,514 per ton), while the average price for exports to Pakistan ($1,075 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Portugal (CIF) - 2023
The average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings stood at $4,860 per ton in November 2023, rising by 14% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in October 2023 when the average import price increased by 88% m-o-m. Over the period under review, average import prices attained the peak figure at $7,403 per ton in August 2023; however, from September 2023 to November 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($10,699 per ton), while the price for France ($3,547 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Portugal
In 2022, the amount of synthetic staple fibres, carded, combed or otherwise processed for spinnings exported from Portugal expanded to 3.2K tons, growing by 1.7% against 2021 figures. Overall, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 16%. As a result, the exports reached the peak of 4.4K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings expanded sharply to $13M in 2022. The total export value increased at an average annual rate of +5.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 3.0 | 1.9 | 3.0 | 4.9 | 17.8% |
| Canada | 0.8 | 1.3 | 1.1 | 2.5 | 46.2% |
| Tunisia | 1.1 | 0.7 | N/A | 1.7 | 15.6% |
| Spain | 0.8 | 0.6 | 1.1 | 1.4 | 20.5% |
| Mexico | 0.7 | 0.3 | 0.4 | 0.8 | 4.6% |
| South Africa | 0.5 | 0.4 | 0.1 | 0.4 | -7.2% |
| Nigeria | 0.3 | 0.2 | 0.2 | 0.3 | 0.0% |
| Morocco | 0.9 | 0.2 | 0.2 | 0.2 | -39.4% |
| United States | 2.0 | 6.0 | 5.3 | N/A | 62.8% |
| Others | 0.9 | 0.4 | 0.3 | 0.6 | -12.6% |
| Total | 11.0 | 12.0 | 11.5 | 12.7 | 4.9% |
Top Export Markets for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning from Portugal in 2022:
- Italy (1181.1 tons)
- Canada (542.9 tons)
- Tunisia (452.8 tons)
- Spain (443.6 tons)
- Mexico (201.7 tons)
- South Africa (113.7 tons)
- Nigeria (62.7 tons)
- Morocco (50.4 tons)
Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Portugal
In 2022, approx. 303 tons of synthetic staple fibres, carded, combed or otherwise processed for spinnings were imported into Portugal; with an increase of 19% compared with the year before. The total import volume increased at an average annual rate of +12.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 46% against the previous year. As a result, imports reached the peak of 313 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings surged to $1.9M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +6.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 123 | 746 | 395 | 669 | 75.9% |
| Italy | 60.4 | 26.0 | 190 | 628 | 118.3% |
| France | 1,142 | 256 | 276 | 451 | -26.6% |
| Spain | 21.9 | 116 | 212 | 93.1 | 62.0% |
| United Kingdom | 80.0 | 69.6 | 0.2 | 0.5 | -81.6% |
| Mexico | 103 | 31.4 | N/A | 0.1 | -90.1% |
| Others | 17.0 | 15.0 | 40.9 | 31.4 | 22.7% |
| Total | 1,547 | 1,260 | 1,113 | 1,873 | 6.6% |
Top Suppliers of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning to Portugal in 2022:
- Germany (103.6 tons)
- France (98.9 tons)
- Italy (48.7 tons)
- Spain (47.7 tons)
- United Kingdom (0.1 tons)
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614
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1307
In value terms, synthetic staple fibers exports stood at $X in 2016. Overall, synthetic staple fibers exports continue to indicate a relatively flat trend pattern. Over the period under review, glo...
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