Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Brazil - 2024
Contents:
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Brazil (CIF) - 2024
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Brazil (FOB) - 2022
- Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Brazil
- Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Brazil
Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Brazil (CIF) - 2024
In May 2024, the average import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $1,250 per ton, dropping by -15.2% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 an increase of 9.6% against the previous month. As a result, import price attained the peak level of $1,546 per ton. From September 2023 to May 2024, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2024, the country with the highest price was South Korea ($1,681 per ton), while the price for Nigeria ($922 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by South Korea (+1.9%), 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 Brazil (FOB) - 2022
The average export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings stood at $2,284 per ton in 2022, increasing by 32% against the previous year. Over the period under review, the export price saw a modest expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 87%. The export price peaked at $4,362 per ton in 2017; however, from 2018 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 Turkey ($3,530 per ton), while the average price for exports to the United States ($1,956 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 Turkey (+8.8%), while the prices for the other major destinations experienced a decline.
Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Brazil
Imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings into Brazil soared to 317K tons in 2022, increasing by 91% against the year before. In general, total imports indicated tangible growth from 2019 to 2022: its volume increased at an average annual rate of +4.5% 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.
In value terms, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings rose significantly to $595M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +11.8% 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 +67.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 53%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 80.6 | 72.3 | 109 | 122 | 14.8% |
| South Korea | 27.9 | 19.8 | 28.9 | 34.1 | 6.9% |
| Thailand | 15.1 | 14.0 | 26.2 | 25.7 | 19.4% |
| Vietnam | 29.2 | 18.0 | 23.8 | 19.5 | -12.6% |
| India | 12.2 | 10.9 | 18.8 | 17.9 | 13.6% |
| Malaysia | 0.4 | 1.0 | 6.2 | 12.6 | 215.8% |
| Taiwan (Chinese) | 9.2 | 7.2 | 11.9 | 10.2 | 3.5% |
| Colombia | 4.7 | 3.6 | 4.6 | 5.9 | 7.9% |
| Indonesia | 5.3 | 3.6 | 4.6 | 5.4 | 0.6% |
| Others | 240 | 204 | 308 | 342 | 12.5% |
| Total | 425 | 354 | 542 | 595 | 11.9% |
Top Suppliers of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Brazil in 2022:
- China (61.8K tons)
- South Korea (18.8K tons)
- Thailand (16.4K tons)
- Vietnam (14.1K tons)
- India (11.1K tons)
- Malaysia (8.7K tons)
- Taiwan (Chinese) (5.1K tons)
- Colombia (3.4K tons)
- Indonesia (2.5K tons)
Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Brazil
In 2022, approx. 5K tons of synthetic staple fibres, not carded, combed or otherwise processed for spinnings were exported from Brazil; falling by -33.8% against 2021 figures. Overall, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 262%. As a result, the exports attained the peak of 7.6K tons, and then contracted markedly in the following year.
In value terms, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings contracted to $11M in 2022. Over the period under review, total exports indicated a temperate expansion from 2019 to 2022: its value increased at an average annual rate of +2.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 105%. As a result, the exports reached the peak of $13M, and then fell in the following year.
| Export of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 4.9 | 2.4 | 5.0 | 4.2 | -5.0% |
| Paraguay | 0.1 | 0.1 | 0.5 | 0.6 | 81.7% |
| United States | 0.2 | 0.3 | 0.4 | N/A | 41.4% |
| Others | 5.6 | 3.5 | 7.1 | 6.7 | 6.2% |
| Total | 10.7 | 6.4 | 13.0 | 11.4 | 2.1% |
Top Export Markets for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from Brazil in 2022:
- Argentina (2.1K tons)
- Paraguay (0.2K tons)
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