Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Egypt - 2024
Contents:
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Egypt (CIF) - 2024
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Egypt (FOB) - 2022
- Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Egypt
- Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Egypt
Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Egypt (CIF) - 2024
The average import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings stood at $1,274 per ton in February 2024, reducing by -2.2% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in July 2023 an increase of 6% against the previous month. As a result, import price reached the peak level of $1,324 per ton; afterwards, it flattened through to February 2024.
Average prices varied noticeably amongst the major supplying countries. In February 2024, the countries with the highest prices were China ($1,301 per ton) and India ($1,249 per ton), while the price for South Korea ($1,249 per ton) and Turkey ($1,249 per ton) were amongst the lowest.
From March 2023 to February 2024, the most notable rate of growth in terms of prices was attained by China (+0.2%), 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 Egypt (FOB) - 2022
The average export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings stood at $1,315 per ton in 2022, surging by 7.5% against the previous year. In general, the export price, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by 69%. The export price peaked at $3,159 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($1,608 per ton) and Poland ($1,608 per ton), while the average price for exports to France ($1,608 per ton) and Spain ($1,608 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+4.6%), 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 Egypt
In 2022, approx. 59K tons of synthetic staple fibres, not carded, combed or otherwise processed for spinnings were imported into Egypt; growing by 76% against the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern.
In value terms, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings expanded modestly to $96M in 2022. The total import value increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 33%. Over the period under review, imports of reached the maximum 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 Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.1 | 5.1 | 10.5 | 21.0 | 14.2% |
| India | 16.2 | 14.4 | 16.2 | 8.0 | -21.0% |
| South Korea | 3.4 | 3.2 | 2.5 | 3.9 | 4.7% |
| Turkey | 3.2 | 4.5 | 4.4 | 2.3 | -10.4% |
| Vietnam | 0.1 | 0.9 | 1.1 | 0.9 | 108.0% |
| Thailand | 0.7 | 0.7 | 0.5 | 0.9 | 8.7% |
| Taiwan (Chinese) | 1.5 | 0.8 | 0.8 | 0.8 | -18.9% |
| Indonesia | 0.8 | 1.2 | 0.3 | 0.1 | -50.0% |
| Others | 39.5 | 40.3 | 58.3 | 58.1 | 13.7% |
| Total | 79.5 | 71.3 | 94.6 | 96.1 | 6.5% |
Top Suppliers of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Egypt in 2022:
- China (13.0K tons)
- India (5.0K tons)
- South Korea (2.5K tons)
- Turkey (1.4K tons)
- Vietnam (0.6K tons)
- Taiwan (Chinese) (0.5K tons)
- Thailand (0.4K tons)
- Indonesia (0.1K tons)
Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Egypt
In 2022, overseas shipments of synthetic staple fibres, not carded, combed or otherwise processed for spinnings decreased by -33.6% to 51K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 125%. As a result, the exports reached the peak of 77K tons, and then declined significantly in the following year.
In value terms, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings fell dramatically to $67M in 2022. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 179%. As a result, the exports reached the peak of $94M, and then fell remarkably in the following year.
| Export of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 19.8 | 10.5 | 27.7 | 17.7 | -3.7% |
| Poland | 0.3 | 0.1 | 2.0 | 3.3 | 122.4% |
| France | 1.5 | 1.0 | 1.8 | 2.6 | 20.1% |
| Germany | 1.5 | 1.6 | 2.1 | 2.2 | 13.6% |
| Belgium | 1.8 | 1.1 | 1.0 | 1.1 | -15.1% |
| Yemen | 1.0 | 1.2 | 0.4 | 1.0 | 0.0% |
| Spain | 0.1 | 0.1 | 2.1 | 0.8 | 100.0% |
| Others | 30.4 | 18.0 | 56.5 | 38.1 | 7.8% |
| Total | 56.5 | 33.6 | 93.6 | 66.9 | 5.8% |
Top Export Markets for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from Egypt in 2022:
- Turkey (11.0K tons)
- Poland (2.0K tons)
- France (1.6K tons)
- Germany (1.4K tons)
- Belgium (0.7K tons)
- Yemen (0.6K tons)
- Spain (0.5K tons)
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