Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in the United States - 2024
Contents:
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in the United States (CIF) - 2024
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in the United States (FOB) - 2024
- Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in the United States
- Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in the United States
Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in the United States (CIF) - 2024
In April 2024, the average import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $1,428 per ton, standing approximately at the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2024 when the average import price increased by 8.4% against the previous month. Over the period under review, average import prices reached the peak figure at $1,483 per ton in July 2023; however, from August 2023 to April 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($1,673 per ton), while the price for China ($768 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 Thailand (+0.4%), 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 the United States (FOB) - 2024
In April 2024, the average export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $4,010 per ton, flattening at the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2023 when the average export price increased by 18% month-to-month. As a result, the export price reached the peak level of $4,248 per ton. From January 2024 to April 2024, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was India ($6,898 per ton), while the average price for exports to Honduras ($1,837 per ton) was amongst the lowest.
From May 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to India (+8.6%), 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 the United States
In 2022, the amount of synthetic staple fibres, not carded, combed or otherwise processed for spinnings imported into the United States contracted to 529K tons, dropping by -5.7% on the previous year. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year.
In value terms, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings rose remarkably to $881M in 2022. In general, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year.
| Import of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 208 | 151 | 172 | 169 | -6.7% |
| Thailand | 91.2 | 55.1 | 101 | 124 | 10.8% |
| India | 43.3 | 29.4 | 66.4 | 97.5 | 31.1% |
| Indonesia | 60.9 | 34.3 | 44.8 | 58.6 | -1.3% |
| Vietnam | 42.7 | 45.7 | 62.0 | 58.5 | 11.1% |
| China | 115 | 62.2 | 63.4 | 52.3 | -23.1% |
| Turkey | 32.4 | 26.0 | 52.7 | 51.8 | 16.9% |
| Others | 1,112 | 205 | 272 | 270 | -37.6% |
| Total | 1,706 | 609 | 834 | 881 | -19.8% |
Top Suppliers of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to the United States in 2022:
- South Korea (112.9K tons)
- Thailand (91.1K tons)
- Vietnam (65.4K tons)
- India (64.9K tons)
- China (60.5K tons)
- Indonesia (43.9K tons)
- Turkey (16.2K tons)
Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in the United States
In 2022, the amount of synthetic staple fibres, not carded, combed or otherwise processed for spinnings exported from the United States dropped to 82K tons, which is down by -9.5% against the previous year's figure. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 20%.
In value terms, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings stood at $303M in 2022. Over the period under review, exports recorded a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 35%.
| Export of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 61.6 | 51.9 | 71.4 | 87.0 | 12.2% |
| Mexico | 55.1 | 50.1 | 75.5 | 69.7 | 8.2% |
| China | 28.1 | 22.5 | 28.7 | 31.5 | 3.9% |
| Belgium | 25.4 | 11.8 | 14.3 | 14.1 | -17.8% |
| United Kingdom | 13.5 | 9.8 | 8.1 | 9.6 | -10.7% |
| Thailand | 6.0 | 4.4 | 6.3 | 8.3 | 11.4% |
| Netherlands | 1.9 | 3.9 | 8.2 | 8.2 | 62.8% |
| Germany | 4.5 | 4.4 | 6.0 | 6.2 | 11.3% |
| Brazil | 7.4 | 6.2 | 5.4 | 5.1 | -11.7% |
| Italy | 7.4 | 5.9 | 6.9 | 4.6 | -14.7% |
| Others | 313 | 52.0 | 71.0 | 58.6 | -42.8% |
| Total | 524 | 223 | 302 | 303 | -16.7% |
Top Export Markets for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from the United States in 2022:
- Canada (26.4K tons)
- Mexico (24.2K tons)
- China (9.6K tons)
- Belgium (2.5K tons)
- Germany (2.4K tons)
- United Kingdom (2.2K tons)
- Thailand (1.9K tons)
- Brazil (1.6K tons)
- Netherlands (1.5K tons)
- Italy (1.1K tons)
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