Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in New Zealand - 2024
Contents:
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in New Zealand (CIF) - 2024
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in New Zealand (FOB) - 2022
- Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in New Zealand
- Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in New Zealand
Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in New Zealand (CIF) - 2024
The average import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings stood at $1,551 per ton in April 2024, rising by 6% against the previous month. Overall, the import price, however, continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in July 2023 an increase of 22% against the previous month. The import price peaked at $2,103 per ton in May 2023; however, from June 2023 to April 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($1,978 per ton), while the price for Indonesia ($1,027 per ton) was amongst the lowest.
From May 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Malaysia (-0.6%), 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 New Zealand (FOB) - 2022
In 2022, the average export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $4,315 per ton, increasing by 48% against the previous year. Overall, the export price, however, saw a slight slump. The most prominent rate of growth was recorded in 2017 an increase of 484%. The export price peaked at $12,692 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($9,127 per ton), while the average price for exports to Australia ($2,818 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+15.3%), 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 New Zealand
In 2022, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings into New Zealand fell notably to 25K tons, which is down by -20.5% against the year before. In general, imports showed a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. As a result, imports attained the peak of 31K tons, and then fell notably in the following year.
In value terms, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings shrank modestly to $49M in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. As a result, imports attained the peak of $50M, leveling off in the following year.
| Import of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 7.2 | 7.1 | 7.2 | 10.2 | 12.3% |
| South Korea | 11.0 | 7.3 | 12.6 | 9.6 | -4.4% |
| Malaysia | 1.4 | 1.3 | 2.5 | 1.7 | 6.7% |
| Indonesia | 0.2 | 0.1 | 0.7 | 0.9 | 65.1% |
| China | 2.7 | 1.3 | 0.7 | 0.7 | -36.2% |
| Others | 24.2 | 18.9 | 26.0 | 26.0 | 2.4% |
| Total | 46.6 | 36.0 | 49.6 | 49.1 | 1.8% |
Top Suppliers of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to New Zealand in 2022:
- South Korea (5.8K tons)
- Taiwan (Chinese) (4.2K tons)
- Malaysia (1.1K tons)
- Indonesia (0.6K tons)
- China (0.3K tons)
Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in New Zealand
In 2022, overseas shipments of synthetic staple fibres, not carded, combed or otherwise processed for spinnings decreased by -35% to 32 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 672%.
In value terms, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings declined slightly to $138K in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 309%. As a result, the exports attained the peak of $143K, and then declined in the following year.
| Export of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Fiji | N/A | N/A | N/A | 39.3 | 0% |
| Australia | 5.6 | 17.5 | 56.6 | 25.4 | 65.5% |
| Vietnam | N/A | N/A | N/A | 4.3 | 0% |
| Taiwan (Chinese) | 5.2 | N/A | 9.4 | N/A | 34.5% |
| Others | 24.1 | 17.5 | 77.1 | 69.1 | 42.1% |
| Total | 34.8 | 35.0 | 143 | 138 | 58.3% |
Top Export Markets for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from New Zealand in 2022:
- Australia (9.0 tons)
- Fiji (6.5 tons)
- Vietnam (0.5 tons)
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