Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Canada - 2024
Contents:
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Canada (CIF) - 2024
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Canada (FOB) - 2024
- Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Canada
- Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Canada
Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Canada (CIF) - 2024
In March 2024, the average import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $2,169 per ton, which is down by -2.3% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 when the average import price increased by 12% against the previous month. The import price peaked at $2,613 per ton in December 2023; however, from January 2024 to March 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was the United States ($3,073 per ton), while the price for Indonesia ($903 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 China (+4.3%), 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 Canada (FOB) - 2024
In March 2024, the average export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $3,990 per ton, with a decrease of -6.1% against the previous month. In general, the export price showed a deep reduction. The growth pace was the most rapid in February 2024 an increase of 39% month-to-month. Over the period under review, the average export prices reached the peak figure at $8,249 per ton in March 2023; however, from April 2023 to March 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($4,091 per ton), while the average price for exports to Mexico ($2,644 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 China (+3.7%), 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 Canada
In 2022, the amount of synthetic staple fibres, not carded, combed or otherwise processed for spinnings imported into Canada declined to 112K tons, waning by -7.6% on the previous year. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 9.4% against the previous year. As a result, imports attained the peak of 121K tons, and then dropped in the following year.
In value terms, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings expanded sharply to $305M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.0% 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 +56.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 44% against the previous year. 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 Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 54.3 | 45.6 | 59.9 | 67.3 | 7.4% |
| South Korea | 18.9 | 17.0 | 19.9 | 24.9 | 9.6% |
| Belgium | 14.5 | 11.5 | 33.0 | 22.6 | 15.9% |
| Germany | 4.5 | 4.1 | 4.7 | 6.1 | 10.7% |
| China | 5.1 | 3.8 | 4.1 | 4.8 | -2.0% |
| Thailand | 2.7 | 2.3 | 3.1 | 4.4 | 17.7% |
| Taiwan (Chinese) | 3.4 | 2.8 | 2.8 | 3.0 | -4.1% |
| India | 2.0 | 1.3 | 1.4 | 2.2 | 3.2% |
| Spain | 0.3 | 0.2 | 0.2 | 2.0 | 88.2% |
| Indonesia | 1.3 | 0.9 | 0.9 | 1.9 | 13.5% |
| Vietnam | 1.3 | 1.8 | 2.1 | 1.8 | 11.5% |
| Others | 127 | 103 | 149 | 164 | 8.9% |
| Total | 235 | 194 | 281 | 305 | 9.1% |
Top Suppliers of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Canada in 2022:
- United States (20.6K tons)
- South Korea (12.2K tons)
- Belgium (8.4K tons)
- Thailand (3.3K tons)
- China (2.5K tons)
- Taiwan (Chinese) (1.9K tons)
- Spain (1.8K tons)
- Germany (1.4K tons)
- Vietnam (1.3K tons)
- Indonesia (1.2K tons)
- India (1.1K tons)
Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Canada
In 2022, shipments abroad of synthetic staple fibres, not carded, combed or otherwise processed for spinnings decreased by -44.4% to 2.1K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 26% against the previous year.
In value terms, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings shrank significantly to $6.9M in 2022. Overall, exports, however, posted a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 114% against the previous year. As a result, the exports attained the peak of $11M, and then shrank remarkably in the following year.
| Export of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.2 | 2.3 | 5.2 | 3.3 | 14.5% |
| Mexico | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Others | 2.8 | 2.6 | 5.5 | 3.5 | 7.7% |
| Total | 5.1 | 5.0 | 10.7 | 6.9 | 10.6% |
Top Export Markets for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from Canada in 2022:
- United States (1009.2 tons)
- Mexico (23.8 tons)
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