Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Serbia - 2024

Contents:

1. Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Serbia (CIF) - 2024
2. Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Serbia (FOB) - 2022
3. Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Serbia
4. Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Serbia

Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Serbia (CIF) - 2024

In April 2024, the average import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $1,661 per ton, surging by 5.9% against the previous month. Over the period under review, import price indicated a modest increase from April 2023 to April 2024: its price increased at an average monthly rate of +1.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2024 figures, import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings increased by +37.9% against January 2024 indices. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 49% month-to-month. As a result, import price attained the peak level of $2,380 per ton. From July 2023 to April 2024, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($5,214 per ton), while the price for Bulgaria ($1,089 per ton) was amongst the lowest.

From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Turkey (+4.7%), 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 Serbia (FOB) - 2022

In 2022, the average export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $1,119 per ton, growing by 51% against the previous year. Overall, the export price, however, continues to indicate a deep contraction. The pace of growth was the most pronounced in 2015 an increase of 302%. As a result, the export price reached the peak level of $9,636 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($4,121 per ton), while the average price for exports to Spain ($346 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 the Netherlands (+2.1%), 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 Serbia

In 2022, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings into Serbia surged to 12K tons, jumping by 15% on the year before. The total import volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings skyrocketed to $21M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.2% 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 +84.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 40%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

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

1. South Korea (2.0K tons)
2. China (1.0K tons)
3. Belarus (0.7K tons)
4. Austria (0.6K tons)
5. Bulgaria (0.6K tons)
6. Turkey (0.2K tons)
7. Germany (0.2K tons)

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

In 2022, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings from Serbia surged to 1.1K tons, with an increase of 45% compared with 2021 figures. In general, exports posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 131% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings surged to $1.3M in 2022. Overall, exports continue to indicate a buoyant expansion. As a result, the exports attained 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 Serbia in 2022:

1. Italy (172.1 tons)
2. Czech Republic (158.1 tons)
3. Slovenia (88.2 tons)
4. Bosnia and Herzegovina (41.6 tons)
5. North Macedonia (28.9 tons)
6. Romania (27.1 tons)
7. Spain (20.2 tons)

Source: IndexBox Market Intelligence Platform