Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Myanmar - 2023
Contents:
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Myanmar (CIF) - 2023
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Myanmar (FOB) - 2022
- Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Myanmar
- Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Myanmar
Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Myanmar (CIF) - 2023
In December 2023, the average import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $1,175 per ton, waning by -11.7% against the previous month. Over the period under review, the import price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 93% m-o-m. As a result, import price attained the peak level of $2,058 per ton. From April 2023 to December 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Vietnam ($1,580 per ton), while the price for China ($1,007 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Thailand (0.0%), while the prices for the other major suppliers experienced a decline.
Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Myanmar (FOB) - 2022
The average export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings stood at $500 per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 0.9% against the previous year. The export price peaked at $592 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($500 per ton), while the average price for exports to China ($500 per ton) was amongst the lowest.
From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+8.5%), while the prices for the other major destinations experienced a decline.
Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Myanmar
In 2022, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings into Myanmar skyrocketed to 11K tons, growing by 97% on 2021 figures. Over the period under review, imports, however, saw a abrupt descent.
In value terms, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings surged to $14M in 2022. Overall, imports, however, recorded a deep reduction.
| Import of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.8 | 2.7 | 2.1 | 3.3 | 5.6% |
| South Korea | 3.0 | 1.1 | 1.0 | 1.8 | -15.7% |
| Thailand | 5.0 | N/A | 0.2 | 1.4 | -34.6% |
| Vietnam | 0.3 | N/A | N/A | 0.3 | 0.0% |
| Others | 11.4 | 3.8 | 3.4 | 6.9 | -15.4% |
| Total | 22.5 | 7.6 | 6.7 | 13.7 | -15.2% |
Top Suppliers of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Myanmar in 2022:
- China (2.8K tons)
- Thailand (1.3K tons)
- South Korea (1.2K tons)
- Vietnam (0.2K tons)
Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Myanmar
In 2022, overseas shipments of synthetic staple fibres, not carded, combed or otherwise processed for spinnings decreased by -72.4% to 1.3K tons, falling for the second year in a row after two years of growth. In general, exports showed a significant contraction. The growth pace was the most rapid in 2020 with an increase of 8.2%. As a result, the exports reached the peak of 13K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings contracted sharply to $628K in 2022. Over the period under review, exports continue to indicate a sharp descent. The pace of growth was the most pronounced in 2020 with an increase of 8.2%. As a result, the exports reached the peak of $6.6M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 161 | 2,354 | 1,020 | 271 | 19.0% |
| Vietnam | 301 | 255 | 15.8 | 24.1 | -56.9% |
| China | 2,363 | 388 | 82.4 | 18.5 | -80.1% |
| Brazil | 85.8 | 98.4 | N/A | N/A | 14.7% |
| Canada | N/A | 109 | 22.3 | N/A | -79.5% |
| Others | 3,212 | 3,422 | 1,156 | 314 | -53.9% |
| Total | 6,123 | 6,626 | 2,296 | 628 | -53.2% |
Top Export Markets for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from Myanmar in 2022:
- United States (542.3 tons)
- Vietnam (48.2 tons)
- China (37.1 tons)
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