Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Jordan - 2022

Contents:

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

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

In December 2022, the average import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $1,577 per ton, approximately reflecting the previous month. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 7% m-o-m. As a result, import price attained the peak level of $1,803 per ton. From November 2022 to December 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In December 2022, the countries with the highest prices were Vietnam ($1,577 per ton) and India ($1,577 per ton), while the price for China ($1,577 per ton) and South Korea ($1,577 per ton) were amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+2.1%), 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 Jordan (FOB) - 2022

In 2022, the average export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $1,323 per ton, surging by 53% against the previous year. Over the period under review, the export price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 90%. The export price peaked at $2,561 per ton in 2012; however, from 2013 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 Syrian Arab Republic.

From 2012 to 2022, the rate of growth in terms of prices for Free Zones amounted to +41.3% per year.

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

In 2022, approx. 12K tons of synthetic staple fibres, not carded, combed or otherwise processed for spinnings were imported into Jordan; increasing by 21% on 2021 figures. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +10.5% 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 +100.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 65%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings rose remarkably to $13M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +9.0% 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 +94.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 78%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

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

1. China (3.7K tons)
2. India (0.9K tons)
3. Saudi Arabia (0.3K tons)
4. Vietnam (0.3K tons)
5. Taiwan (Chinese) (0.1K tons)
6. Indonesia (0.1K tons)
7. Japan (0.1K tons)
8. South Korea (0.1K tons)
9. Thailand (0.1K tons)

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

Exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings from Jordan skyrocketed to 555 tons in 2022, increasing by 121% on 2021. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings skyrocketed to $734K in 2022. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Syrian Arab Republic (275.1 tons)

Source: IndexBox Market Intelligence Platform