Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Uruguay - 2023

Contents:

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

Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Uruguay (CIF) - 2022

The average import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings stood at $1,660 per ton in 2022, growing by 20% against the previous year. In general, the import price, however, showed a mild decrease. The most prominent rate of growth was recorded in 2019 when the average import price increased by 195%. As a result, import price reached the peak level of $4,526 per ton. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($3,289 per ton), while the price for South Korea ($1,369 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Uruguay (FOB) - 2022

The average export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings stood at $3,790 per ton in 2022, surging by 243% against the previous year. Overall, the export price, however, recorded a drastic downturn. The export price peaked at $10,020 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Paraguay.

From 2012 to 2022, the rate of growth in terms of prices for Paraguay amounted to +3.9% per year.

Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Uruguay

In 2022, after three years of growth, there was significant decline in purchases abroad of synthetic staple fibres, not carded, combed or otherwise processed for spinnings, when their volume decreased by -12.7% to 2.3K tons. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 314% against the previous year.

In value terms, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings expanded to $3.8M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +13.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. Imports peaked 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 Uruguay in 2022:

1. South Korea (493.2 tons)
2. China (411.2 tons)
3. India (114.1 tons)
4. Argentina (56.6 tons)
5. Vietnam (52.5 tons)
6. Brazil (18.1 tons)

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

In 2022, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings from Uruguay reduced remarkably to 200 kg, declining by -98.9% on 2021 figures. In general, exports recorded a sharp decrease. The pace of growth was the most pronounced in 2021 when exports increased by 793%. As a result, the exports reached the peak of 18 tons, and then declined remarkably in the following year.

In value terms, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings dropped markedly to $758 in 2022. Overall, exports saw a dramatic shrinkage. The smallest decline of -1.3% was in 2021.

Top Export Markets for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from Uruguay in 2022:

1. Paraguay (100.0 kg)

Source: IndexBox Market Intelligence Platform