Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Australia - 2024
Contents:
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Australia (CIF) - 2024
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Australia (FOB) - 2022
- Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Australia
- Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Australia
Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Australia (CIF) - 2024
In April 2024, the average import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $1,454 per ton, standing approximately at the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 an increase of 13% against the previous month. The import price peaked at $1,586 per ton in December 2023; however, from January 2024 to April 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In April 2024, the country with the highest price was Switzerland ($6,460 per ton), while the price for Vietnam ($987 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by South Korea (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Australia (FOB) - 2022
In 2022, the average export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $3,468 per ton, declining by -30.9% against the previous year. In general, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 424%. The export price peaked at $6,344 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($4,405 per ton), while the average price for exports to New Zealand ($1,453 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 Vietnam (+13.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Australia
In 2022, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings into Australia skyrocketed to 67K tons, rising by 84% against the previous year. Overall, imports enjoyed noticeable growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings expanded significantly to $116M in 2022. The total import value increased at an average annual rate of +9.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 29%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 13.7 | 13.0 | 18.7 | 19.3 | 12.1% |
| China | 3.7 | 4.2 | 8.4 | 9.4 | 36.5% |
| Thailand | 4.7 | 6.3 | 8.2 | 9.0 | 24.2% |
| Taiwan (Chinese) | 11.9 | 7.5 | 8.6 | 7.8 | -13.1% |
| Indonesia | 3.6 | 3.3 | 4.8 | 5.0 | 11.6% |
| Belgium | 0.3 | 0.7 | 1.2 | 2.1 | 91.3% |
| Malaysia | 0.6 | 0.7 | 0.7 | 1.9 | 46.8% |
| United Kingdom | 2.9 | 2.1 | 0.7 | 0.1 | -67.5% |
| Others | 46.4 | 45.9 | 57.2 | 61.0 | 9.5% |
| Total | 87.8 | 83.8 | 108 | 116 | 9.7% |
Top Suppliers of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Australia in 2022:
- South Korea (13.6K tons)
- Thailand (5.6K tons)
- China (4.6K tons)
- Taiwan (Chinese) (3.8K tons)
- Indonesia (3.8K tons)
- Malaysia (0.7K tons)
- Belgium (0.7K tons)
- United Kingdom (0.1K tons)
Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Australia
In 2022, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings from Australia soared to 257 tons, with an increase of 191% on the previous year. In general, exports saw a remarkable increase.
In value terms, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings skyrocketed to $891K in 2022. Over the period under review, exports posted prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 104 | 55.1 | 174 | 347 | 49.4% |
| China | 52.4 | N/A | N/A | 17.4 | -30.8% |
| Indonesia | N/A | 0.4 | N/A | 12.3 | 454.5% |
| South Korea | N/A | 18.3 | N/A | N/A | 0% |
| Belgium | N/A | 82.1 | N/A | N/A | 0% |
| Others | 505 | 242 | 270 | 513 | 0.5% |
| Total | 661 | 398 | 444 | 891 | 10.5% |
Top Export Markets for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from Australia in 2022:
- New Zealand (239.1 tons)
- Indonesia (7.2 tons)
- China (3.9 tons)
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