Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in India - 2024
Contents:
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in India (FOB) - 2024
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in India (CIF) - 2024
- Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in India
- Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in India
Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in India (FOB) - 2024
The average export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings stood at $1,111 per ton in March 2024, with an increase of 2.1% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in October 2023 an increase of 2.9% against the previous month. Over the period under review, the average export prices reached the peak figure at $1,190 per ton in April 2023; however, from May 2023 to March 2024, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In March 2024, the highest price was recorded for prices to Germany ($1,218 per ton) and the Netherlands ($1,207 per ton), while the average price for exports to Nepal ($963 per ton) and Brazil ($1,009 per ton) were amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+0.7%), 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 India (CIF) - 2024
The average import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings stood at $1,787 per ton in March 2024, flattening at the previous month. Over the period from March 2023 to March 2024, it increased at an average monthly rate of +1.6%. The pace of growth was the most pronounced in April 2023 when the average import price increased by 24% against the previous month. The import price peaked at $2,177 per ton in June 2023; however, from July 2023 to March 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($6,938 per ton), while the price for Indonesia ($1,169 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 Japan (+4.2%), 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 India
In 2022, approx. 549K tons of synthetic staple fibres, not carded, combed or otherwise processed for spinnings were exported from India; picking up by 42% compared with the previous year's figure. Over the period under review, exports, however, showed a noticeable setback.
In value terms, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings shrank markedly to $728M in 2022. Overall, total exports indicated mild growth from 2019 to 2022: its value increased at an average annual rate of +1.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 69%. As a result, the exports attained the peak of $861M, and then fell significantly in the following year.
| Export of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 43.1 | 32.3 | 75.8 | 89.0 | 27.3% |
| Nepal | 30.3 | 18.6 | 38.2 | 45.4 | 14.4% |
| Turkey | 16.9 | 16.5 | 55.8 | 32.4 | 24.2% |
| Belgium | 19.7 | 12.5 | 20.3 | 20.8 | 1.8% |
| Spain | 9.4 | 9.0 | 19.2 | 15.8 | 18.9% |
| Germany | 10.9 | 10.7 | 14.2 | 14.6 | 10.2% |
| Mexico | 17.5 | 8.6 | 26.6 | 14.0 | -7.2% |
| Bangladesh | 34.7 | 31.2 | 22.5 | 11.2 | -31.4% |
| Brazil | 11.4 | 8.0 | 18.1 | 11.0 | -1.2% |
| United Arab Emirates | 2.1 | 1.5 | 4.0 | 10.3 | 69.9% |
| Egypt | 15.0 | 13.9 | 20.9 | 9.1 | -15.3% |
| Italy | 7.0 | 6.6 | 9.9 | 6.8 | -1.0% |
| Israel | 5.3 | 8.4 | 7.0 | 6.2 | 5.4% |
| Others | 464 | 332 | 528 | 441 | -1.7% |
| Total | 687 | 510 | 861 | 728 | 2.0% |
Top Export Markets for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from India in 2022:
- United States (62.8K tons)
- Nepal (39.6K tons)
- Turkey (26.5K tons)
- Belgium (16.5K tons)
- Spain (12.3K tons)
- Germany (10.7K tons)
- Mexico (10.2K tons)
- Bangladesh (9.5K tons)
- Brazil (8.5K tons)
- Egypt (7.7K tons)
- Italy (5.2K tons)
- United Arab Emirates (4.9K tons)
- Israel (4.6K tons)
Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in India
In 2022, approx. 226K tons of synthetic staple fibres, not carded, combed or otherwise processed for spinnings were imported into India; with a decrease of -1.7% against the year before. In general, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 2%.
In value terms, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings rose rapidly to $447M in 2022. Over the period under review, imports showed a perceptible descent. The growth pace was the most rapid in 2021 when imports increased by 32% against the previous year.
| Import of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 104 | 56.7 | 59.8 | 76.8 | -9.6% |
| Thailand | 31.5 | 24.4 | 37.9 | 40.1 | 8.4% |
| South Korea | 19.5 | 16.7 | 24.5 | 22.6 | 5.0% |
| Japan | 10.5 | 7.1 | 9.8 | 15.0 | 12.6% |
| Taiwan (Chinese) | 12.1 | 8.0 | 10.5 | 8.6 | -10.8% |
| Malaysia | 4.3 | 3.1 | 8.4 | 7.7 | 21.4% |
| Indonesia | 15.6 | 9.4 | 12.3 | 7.6 | -21.3% |
| Germany | 14.7 | 8.9 | 13.3 | 6.6 | -23.4% |
| Vietnam | 4.7 | 1.9 | 3.7 | 3.7 | -7.7% |
| Saudi Arabia | 2.7 | 1.7 | 1.6 | 3.3 | 6.9% |
| United Arab Emirates | 0.6 | 0.2 | 0.9 | 3.2 | 74.7% |
| Others | 263 | 167 | 221 | 252 | -1.4% |
| Total | 483 | 305 | 404 | 447 | -2.5% |
Top Suppliers of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to India in 2022:
- China (44.2K tons)
- Thailand (22.6K tons)
- South Korea (11.6K tons)
- Indonesia (6.2K tons)
- Malaysia (5.7K tons)
- Taiwan (Chinese) (3.7K tons)
- Japan (3.5K tons)
- United Arab Emirates (3.3K tons)
- Vietnam (3.1K tons)
- Saudi Arabia (1.9K tons)
- Germany (1.1K tons)
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