Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Belgium - 2024
Contents:
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Belgium (FOB) - 2024
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Belgium (CIF) - 2024
- Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Belgium
- Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Belgium
Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Belgium (FOB) - 2024
The average export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings stood at $4,034 per ton in March 2024, shrinking by -8.7% against the previous month. In general, export price indicated pronounced growth from March 2023 to March 2024: its price increased at an average monthly rate of +3.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2024 figures, export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings increased by +27.7% against October 2023 indices. The pace of growth appeared the most rapid in February 2024 an increase of 75% m-o-m. As a result, the export price attained the peak level of $4,420 per ton, and then declined in the following month.
There were significant differences in the average prices for the major export markets. In March 2024, the country with the highest price was China ($16,335 per ton), while the average price for exports to the UK ($1,810 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Belgium (CIF) - 2024
The average import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings stood at $1,608 per ton in March 2024, dropping by -15% against the previous month. Over the period under review, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 69% against the previous month. As a result, import price attained the peak level of $4,136 per ton. From August 2023 to March 2024, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Japan ($5,722 per ton), while the price for China ($958 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Morocco (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Belgium
After three years of growth, shipments abroad of synthetic staple fibres, not carded, combed or otherwise processed for spinnings decreased by -10.9% to 155K tons in 2022. The total export volume increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 13%. As a result, the exports reached the peak of 174K tons, and then reduced in the following year.
In value terms, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings fell to $467M in 2022. Over the period under review, exports showed a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year.
| Export of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 64.0 | 80.7 | 112 | 119 | 23.0% |
| France | 25.4 | 36.7 | 46.9 | 52.1 | 27.1% |
| Italy | 43.3 | 43.0 | 66.1 | 46.1 | 2.1% |
| Netherlands | 17.5 | 20.2 | 25.4 | 24.6 | 12.0% |
| United States | 7.7 | 6.6 | 20.8 | 23.5 | 45.1% |
| Turkey | 12.2 | 14.4 | 23.3 | 23.4 | 24.2% |
| Canada | 12.3 | 12.9 | 35.2 | 23.1 | 23.4% |
| United Kingdom | 7.4 | 11.5 | 17.8 | 20.0 | 39.3% |
| Czech Republic | 8.4 | 11.2 | 17.2 | 13.0 | 15.7% |
| Poland | 9.9 | 7.3 | 11.4 | 10.5 | 2.0% |
| Spain | 5.0 | 5.0 | 8.0 | 7.7 | 15.5% |
| Denmark | 7.5 | 4.4 | 4.9 | 4.5 | -15.7% |
| Others | 316 | 73.0 | 111 | 99.3 | -32.0% |
| Total | 536 | 327 | 500 | 467 | -4.5% |
Top Export Markets for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from Belgium in 2022:
- Germany (48.0K tons)
- France (22.9K tons)
- Italy (16.5K tons)
- United States (15.6K tons)
- Netherlands (12.6K tons)
- United Kingdom (8.9K tons)
- Canada (8.0K tons)
- Czech Republic (5.8K tons)
- Turkey (5.2K tons)
- Poland (4.4K tons)
- Spain (2.3K tons)
- Denmark (1.9K tons)
Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Belgium
In 2022, the amount of synthetic staple fibres, not carded, combed or otherwise processed for spinnings imported into Belgium stood at 99K tons, approximately reflecting 2021. Over the period under review, imports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 11% against the previous year.
In value terms, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings soared to $325M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.2% 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 +61.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 0.7 | 72.3 | 96.3 | 119 | 454.0% |
| South Korea | 17.6 | 19.7 | 26.6 | 32.6 | 22.8% |
| Turkey | 4.2 | 7.2 | 13.5 | 26.3 | 84.3% |
| India | 11.4 | 13.8 | 20.2 | 25.2 | 30.3% |
| France | 21.9 | 18.3 | 22.0 | 19.7 | -3.5% |
| United States | 4.3 | 12.6 | 12.5 | 17.6 | 60.0% |
| Germany | 5.9 | 7.2 | 13.3 | 14.5 | 34.9% |
| China | 10.0 | 9.1 | 7.7 | 10.8 | 2.6% |
| Indonesia | 7.2 | 4.7 | 6.6 | 8.8 | 6.9% |
| Ireland | 7.9 | 6.6 | 7.3 | 8.1 | 0.8% |
| Taiwan (Chinese) | 3.9 | 4.1 | 8.0 | 7.1 | 22.1% |
| Czech Republic | 2.6 | 2.6 | 3.7 | 5.6 | 29.1% |
| Romania | 6.2 | 4.0 | 5.3 | 5.3 | -5.1% |
| Others | 133 | 19.3 | 26.5 | 25.0 | -42.7% |
| Total | 237 | 201 | 270 | 325 | 11.1% |
Top Suppliers of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Belgium in 2022:
- South Korea (18.6K tons)
- India (17.3K tons)
- Turkey (14.4K tons)
- Germany (6.2K tons)
- Spain (5.3K tons)
- Indonesia (4.9K tons)
- China (4.7K tons)
- Taiwan (Chinese) (4.1K tons)
- Ireland (3.9K tons)
- Romania (3.2K tons)
- France (2.6K tons)
- Czech Republic (2.5K tons)
- United States (2.1K tons)
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