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

Contents:

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

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

In 2022, the average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $3,167 per ton, which is down by -33.3% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 49%. The import price peaked at $4,985 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 South Korea ($13,554 per ton), while the price for China ($2,409 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+15.5%), 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 Russia (FOB) - 2022

The average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings stood at $1,815 per ton in 2022, with an increase of 18% against the previous year. Overall, the export price, however, saw a perceptible reduction. The pace of growth appeared the most rapid in 2021 an increase of 47% against the previous year. The export price peaked at $3,742 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Armenia ($3,554 per ton), while the average price for exports to Kyrgyzstan ($1,355 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 Armenia (+12.5%), while the prices for the other major destinations experienced a decline.

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

After three years of growth, purchases abroad of synthetic staple fibres, carded, combed or otherwise processed for spinnings decreased by -16.8% to 251 tons in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +8.2% 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 +26.6% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 28%. As a result, imports reached the peak of 302 tons, and then shrank dramatically in the following year.

In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings shrank sharply to $795K in 2022. Overall, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 85% against the previous year. As a result, imports reached the peak of $1.4M, and then contracted markedly in the following year.

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

1. China (156.6 tons)
2. Turkey (45.0 tons)
3. Poland (33.4 tons)
4. South Korea (9.4 tons)
5. Japan (2.8 tons)
6. Lithuania (0.5 tons)

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

In 2022, overseas shipments of synthetic staple fibres, carded, combed or otherwise processed for spinnings decreased by -64.2% to 61 tons, falling for the second year in a row after two years of growth. In general, exports faced a sharp contraction. The growth pace was the most rapid in 2020 with an increase of 9.9% against the previous year. As a result, the exports reached the peak of 175 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings fell dramatically to $111K in 2022. Over the period under review, exports recorded a sharp descent. The most prominent rate of growth was recorded in 2021 when exports increased by 43%. As a result, the exports reached the peak of $263K, and then dropped markedly in the following year.

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

1. Kazakhstan (56.6 tons)
2. Kyrgyzstan (2.2 tons)
3. Armenia (2.1 tons)

Source: IndexBox Market Intelligence Platform