Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Venezuela - 2022

Contents:

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

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

The average import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings stood at $1,241 per ton in 2022, approximately mirroring the previous year. In general, the import price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 23% against the previous year. Over the period under review, average import prices attained the peak figure at $2,043 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($4,997 per ton), while the price for Thailand ($717 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.6%), 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 Venezuela (FOB) - 2022

The average export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings stood at $1,351 per ton in 2022, which is down by -4% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings increased by +14.5% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 83%. As a result, the export price reached the peak level of $2,008 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,340 per ton), while the average price for exports to Aruba ($560 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 Colombia (+1.0%), 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 Venezuela

In 2022, after three years of growth, there was significant decline in overseas purchases of synthetic staple fibres, not carded, combed or otherwise processed for spinnings, when their volume decreased by -8% to 1.2K tons. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 237%. As a result, imports reached the peak of 1.4K tons, and then declined in the following year.

In value terms, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings shrank to $1.5M in 2022. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 268% against the previous year. As a result, imports attained the peak of $1.7M, and then fell in the following year.

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

1. China (437.8 tons)
2. South Korea (107.3 tons)
3. Indonesia (105.8 tons)
4. Taiwan (Chinese) (62.9 tons)
5. Vietnam (61.2 tons)
6. Germany (36.0 tons)
7. Colombia (29.8 tons)
8. Turkey (2.9 tons)

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

For the fourth consecutive year, Venezuela recorded growth in shipments abroad of synthetic staple fibres, not carded, combed or otherwise processed for spinnings, which increased by 9.6% to 65 tons in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 98%. 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 rose sharply to $87K in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 136% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

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

1. United States (43.9 tons)

Source: IndexBox Market Intelligence Platform