Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Mexico - 2024
Contents:
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Mexico (CIF) - 2024
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Mexico (FOB) - 2022
- Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Mexico
- Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Mexico
Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Mexico (CIF) - 2024
In March 2024, the average import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $2,576 per ton, waning by -67.8% against the previous month. Over the period under review, the import price continues to indicate a pronounced setback. The pace of growth was the most pronounced in February 2024 an increase of 94% against the previous month. The import price peaked at $9,259 per ton in December 2023; however, from January 2024 to March 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was India ($1,600 per ton), while the price for Vietnam ($1,065 per ton) was amongst the lowest.
From April 2023 to March 2024, the most notable rate of growth in terms of prices was attained by India (+1.7%), 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 Mexico (FOB) - 2022
The average export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings stood at $3,777 per ton in 2022, rising by 3.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2018 an increase of 3.9%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,784 per ton), while the average price for exports to Guatemala totaled $3,121 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+3.8%), 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 Mexico
In 2022, approx. 7K tons of synthetic staple fibres, not carded, combed or otherwise processed for spinnings were imported into Mexico; dropping by -71.8% on the year before. In general, imports continue to indicate a dramatic decline. The growth pace was the most rapid in 2021 with an increase of 8.3%.
In value terms, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings totaled $444M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +6.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 39%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 59.2 | 47.4 | 68.2 | 61.3 | 1.2% |
| China | 31.2 | 20.8 | 28.9 | 35.5 | 4.4% |
| Taiwan (Chinese) | 13.3 | 14.4 | 21.1 | 35.4 | 38.6% |
| India | 19.9 | 9.7 | 24.0 | 25.5 | 8.6% |
| South Korea | 18.2 | 14.2 | 20.0 | 21.1 | 5.1% |
| Thailand | 5.2 | 3.2 | 6.8 | 13.1 | 36.1% |
| Vietnam | 11.5 | 11.4 | 6.9 | 8.4 | -9.9% |
| Belgium | 1.8 | 2.7 | 4.0 | 3.3 | 22.4% |
| Others | 205 | 161 | 217 | 241 | 5.5% |
| Total | 365 | 285 | 396 | 444 | 6.7% |
Top Suppliers of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Mexico in 2022:
- Vietnam (6.3K tons)
- United States (6.2K tons)
- Taiwan (Chinese) (6.1K tons)
- India (4.1K tons)
- China (3.2K tons)
- Thailand (2.2K tons)
- South Korea (1.7K tons)
- Belgium (0.5K tons)
Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Mexico
After two years of decline, shipments abroad of synthetic staple fibres, not carded, combed or otherwise processed for spinnings increased by 55% to 6.1K tons in 2022. In general, exports, however, saw a deep slump.
In value terms, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings surged to $23M in 2022. Overall, exports, however, faced a abrupt slump.
| Export of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.8 | 5.6 | 6.9 | 11.3 | 8.7% |
| Guatemala | 0.9 | 2.6 | 0.2 | 0.1 | -51.9% |
| Ecuador | N/A | 0.5 | N/A | N/A | 0% |
| El Salvador | 1.7 | N/A | N/A | N/A | 0% |
| Cuba | 0.3 | N/A | N/A | N/A | 0% |
| Brazil | 4.0 | 4.0 | N/A | N/A | 0.0% |
| Others | 16.1 | 12.8 | 7.1 | 11.4 | -10.9% |
| Total | 31.8 | 25.6 | 14.3 | 22.9 | -10.4% |
Top Export Markets for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from Mexico in 2022:
- United States (3.0K tons)
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