Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Spain - 2024
Contents:
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Spain (CIF) - 2024
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Spain (FOB) - 2022
- Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Spain
- Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Spain
Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Spain (CIF) - 2024
The average import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings stood at $1,930 per ton in March 2024, with an increase of 4.8% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in January 2024 an increase of 16% m-o-m. The import price peaked in March 2024.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Portugal ($2,525 per ton), while the price for Nigeria ($913 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by China (+3.7%), 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 Spain (FOB) - 2022
The average export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings stood at $8,927 per ton in 2022, picking up by 4.4% against the previous year. In general, the export price recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 366% against the previous year. The export price peaked at $14,836 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($22,125 per ton), while the average price for exports to the UK ($1,748 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 Belgium (+26.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Spain
Imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings into Spain contracted to 133K tons in 2022, which is down by -3.5% on 2021 figures. Over the period under review, imports faced a sharp downturn. The growth pace was the most rapid in 2021 when imports increased by 14%.
In value terms, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings rose rapidly to $289M in 2022. Overall, imports faced a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 36%.
| Import of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 14.8 | 21.0 | 45.2 | 66.1 | 64.7% |
| South Korea | 23.1 | 19.8 | 29.7 | 37.9 | 17.9% |
| Germany | 41.0 | 33.1 | 44.8 | 29.8 | -10.1% |
| India | 11.0 | 9.2 | 18.6 | 21.3 | 24.6% |
| China | 25.9 | 12.9 | 15.2 | 17.0 | -13.1% |
| Portugal | 9.9 | 9.3 | 11.3 | 15.6 | 16.4% |
| Thailand | 26.6 | 19.0 | 18.6 | 11.1 | -25.3% |
| France | 6.1 | 5.7 | 9.3 | 9.8 | 17.1% |
| Italy | 11.2 | 7.1 | 8.9 | 9.5 | -5.3% |
| Belgium | 10.4 | 6.1 | 7.6 | 7.4 | -10.7% |
| Indonesia | 8.3 | 5.7 | 6.8 | 5.6 | -12.3% |
| South Africa | N/A | N/A | 0.3 | 5.0 | 1566.7% |
| Nigeria | N/A | 0.9 | 1.9 | 4.7 | 128.5% |
| Others | 308 | 48.4 | 51.2 | 48.3 | -46.1% |
| Total | 496 | 198 | 269 | 289 | -16.5% |
Top Suppliers of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Spain in 2022:
- Turkey (32.6K tons)
- South Korea (23.9K tons)
- India (14.1K tons)
- China (8.2K tons)
- Germany (7.0K tons)
- Thailand (6.4K tons)
- Portugal (4.7K tons)
- Italy (4.6K tons)
- Indonesia (4.1K tons)
- Nigeria (4.0K tons)
- South Africa (3.7K tons)
- France (2.4K tons)
- Belgium (2.3K tons)
Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Spain
Exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings from Spain surged to 15K tons in 2022, increasing by 19% on the previous year. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +5.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.4% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 32%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings soared to $130M in 2022. Over the period under review, exports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 when exports increased by 37% against the previous year.
| Export of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 71.7 | 65.0 | 87.4 | 109 | 15.0% |
| Pakistan | N/A | N/A | 1.0 | 5.2 | 420.0% |
| Portugal | 2.0 | 1.1 | 4.2 | 4.4 | 30.1% |
| Italy | 0.6 | 2.3 | 3.7 | 2.1 | 51.8% |
| United Kingdom | 0.1 | 0.1 | 0.9 | 1.3 | 135.1% |
| Germany | 3.4 | 1.5 | 0.9 | 1.3 | -27.4% |
| Algeria | 5.6 | 1.7 | 2.4 | 1.0 | -43.7% |
| France | 0.4 | 0.9 | 1.9 | 0.8 | 26.0% |
| Turkey | 5.2 | 2.3 | 0.2 | 0.6 | -51.3% |
| Others | 95.1 | 1.3 | 2.0 | 4.0 | -65.2% |
| Total | 184 | 76.2 | 105 | 130 | -10.9% |
Top Export Markets for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from Spain in 2022:
- Belgium (4.9K tons)
- Portugal (2.5K tons)
- Pakistan (2.3K tons)
- Italy (1.2K tons)
- United Kingdom (0.8K tons)
- Germany (0.6K tons)
- Algeria (0.4K tons)
- France (0.3K tons)
- Turkey (0.2K tons)
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