Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Chile - 2024

Contents:

  1. Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Chile (CIF) - 2024
  2. Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Chile (FOB) - 2022
  3. Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Chile
  4. Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Chile

Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Chile (CIF) - 2024

In April 2024, the average import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $1,387 per ton, almost unchanged from the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2024 when the average import price increased by 38% month-to-month. As a result, import price reached the peak level of $1,860 per ton. From February 2024 to April 2024, the average 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 Indonesia ($3,436 per ton), while the price for Portugal ($975 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 China (+0.4%), while the prices for the other major suppliers experienced a decline.

Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Chile (FOB) - 2022

In 2022, the average export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $4,463 per ton, increasing by 28% against the previous year. Over the period under review, the export price, however, showed a deep contraction. The growth pace was the most rapid in 2017 an increase of 150% against the previous year. The export price peaked at $13,362 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Peru.

From 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to -1.5% per year.

Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Chile

In 2022, the amount of synthetic staple fibres, not carded, combed or otherwise processed for spinnings imported into Chile contracted dramatically to 31K tons, waning by -29.4% on 2021 figures. Over the period under review, total imports indicated a temperate increase from 2019 to 2022: its volume increased at an average annual rate of +2.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +13.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 61% against the previous year. As a result, imports attained the peak of 44K tons, and then contracted dramatically in the following year.

In value terms, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings shrank markedly to $55M in 2022. In general, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 101%. As a result, imports reached the peak of $68M, and then dropped significantly in the following year.

Import of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Chile (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea11.17.716.711.71.8%
China5.23.87.68.316.9%
Indonesia1.31.31.41.913.5%
Portugal0.80.91.01.728.6%
MexicoN/A0.10.91.3260.6%
Vietnam0.10.31.61.0115.4%
Peru0.70.50.80.70.0%
Thailand1.11.12.70.3-35.2%
Others23.017.834.828.27.0%
Total43.233.567.555.18.4%

Top Suppliers of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Chile in 2022:

  1. South Korea (6.5K tons)
  2. China (5.0K tons)
  3. Portugal (1.6K tons)
  4. Mexico (0.7K tons)
  5. Vietnam (0.6K tons)
  6. Indonesia (0.5K tons)
  7. Peru (0.4K tons)
  8. Thailand (0.2K tons)

Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Chile

Exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings from Chile shrank dramatically to 153 tons in 2022, waning by -20% compared with 2021. Over the period under review, exports, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,567% against the previous year. As a result, the exports attained the peak of 191 tons, and then dropped remarkably in the following year.

In value terms, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings rose slightly to $681K in 2022. Overall, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 892% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Export of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Chile (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Peru1.41.7157338522.7%
Ecuador58.7N/AN/AN/A0%
Argentina32.9N/AN/AN/A0%
Mexico198N/A76.0N/A-38.0%
ColombiaN/A31.978.3N/A145.5%
BoliviaN/AN/A21.9N/A0%
Others29433.63343435.3%
Total58567.36676815.2%

Top Export Markets for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from Chile in 2022:

  1. Peru (75.9 tons)

Source: IndexBox Market Intelligence Platform

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