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

Contents:

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

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

In 2022, the average export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $2,511 per ton, surging by 2.1% against the previous year. Overall, the export price showed temperate growth. The growth pace was the most rapid in 2016 when the average export price increased by 3,233% against the previous year. As a result, the export price reached the peak level of $42,147 per ton. From 2017 to 2022, the average export prices remained at a 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 Spain ($7,750 per ton), while the average price for exports to the Czech Republic ($1,521 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 Spain (+16.1%), 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 Denmark (CIF) - 2022

In 2022, the average import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $2,057 per ton, picking up by 16% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 109%. As a result, import price attained the peak level of $3,599 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($4,879 per ton), while the price for Vietnam ($1,316 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.7%), 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 Denmark

In 2022, shipments abroad of synthetic staple fibres, not carded, combed or otherwise processed for spinnings decreased by -23.5% to 57K tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 638%. As a result, the exports attained the peak of 86K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings declined markedly to $144M in 2022. In general, exports showed a significant curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 17%.

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

1. Sweden (1.2K tons)
2. Ireland (0.4K tons)
3. Ukraine (0.1K tons)

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

For the third consecutive year, Denmark recorded decline in supplies from abroad of synthetic staple fibres, not carded, combed or otherwise processed for spinnings, which decreased by -36.7% to 4.6K tons in 2022. In general, imports recorded a dramatic descent. The smallest decline of -1.7% was in 2021.

In value terms, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings shrank remarkably to $9.5M in 2022. Overall, imports showed a sharp decrease. The pace of growth appeared the most rapid in 2021 with an increase of 32%.

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

1. Belgium (1781.3 tons)
2. Romania (609.6 tons)
3. Taiwan (Chinese) (562.9 tons)
4. India (397.2 tons)
5. Germany (385.6 tons)
6. China (197.9 tons)
7. Poland (197.2 tons)
8. Vietnam (168.4 tons)
9. Turkey (148.7 tons)
10. Austria (48.0 tons)
11. United States (16.0 tons)

Source: IndexBox Market Intelligence Platform