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

Contents:

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

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

The average import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings stood at $1,121 per ton in December 2022, declining by -6.1% against the previous month. Over the period under review, the import price showed a mild contraction. The most prominent rate of growth was recorded in April 2022 when the average import price increased by 5.3% month-to-month. The import price peaked at $1,403 per ton in July 2022; however, from August 2022 to December 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($1,503 per ton), while the price for Indonesia ($978 per ton) was amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by South Korea (-0.3%), while the prices for the other major suppliers experienced a decline.

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

In December 2022, the average export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $931 per ton, approximately reflecting the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 an increase of 4.4% month-to-month. The export price peaked at $1,048 per ton in June 2022; however, from July 2022 to December 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was Turkey ($1,034 per ton), while the average price for exports to South Korea ($671 per ton) was amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+0.4%), while the prices for the other major destinations experienced mixed trend patterns.

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

After three years of growth, purchases abroad of synthetic staple fibres, not carded, combed or otherwise processed for spinnings decreased by -5% to 653K tons in 2022. The total import volume increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 5.2% against the previous year.

In value terms, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings expanded slightly to $836M in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.

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

1. China (145.9K tons)
2. Taiwan (Chinese) (55.6K tons)
3. Thailand (49.2K tons)
4. South Korea (38.7K tons)
5. Indonesia (27.4K tons)

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

After three years of growth, shipments abroad of synthetic staple fibres, not carded, combed or otherwise processed for spinnings decreased by -17.4% to 382K tons in 2022. Overall, exports recorded a mild slump. The pace of growth appeared the most rapid in 2020 with an increase of 9.2% against the previous year.

In value terms, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings shrank to $379M in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. As a result, the exports attained the peak of $423M, and then dropped in the following year.

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

1. United States (56.7K tons)
2. United Kingdom (20.9K tons)
3. Brazil (16.7K tons)
4. China (11.8K tons)
5. Poland (9.4K tons)
6. Turkey (9.0K tons)
7. Mexico (8.5K tons)
8. Bulgaria (6.7K tons)
9. Japan (3.8K tons)
10. South Korea (3.7K tons)
11. Philippines (3.6K tons)
12. Estonia (2.9K tons)
13. India (2.9K tons)

Source: IndexBox Market Intelligence Platform