Price for Tents of Synthetic Fibres in the United States - 2023

Contents:

  1. Price for Tents of Synthetic Fibres in the United States (CIF) - 2022
  2. Price for Tents of Synthetic Fibres in the United States (FOB) - 2022
  3. Imports of Tents of Synthetic Fibres in the United States
  4. Exports of Tents of Synthetic Fibres in the United States

Price for Tents of Synthetic Fibres in the United States (CIF) - 2022

In 2022, the average tents of synthetic fibres import price amounted to $5,894 per ton, rising by 9.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2016 when the average import price increased by 14%. The import price peaked at $6,288 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($14,719 per ton), while the price for China ($4,922 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Tents of Synthetic Fibres in the United States (FOB) - 2022

In 2022, the average tents of synthetic fibres export price amounted to $10,786 per ton, with an increase of 5.6% against the previous year. Overall, the export price, however, saw a mild descent. The most prominent rate of growth was recorded in 2015 an increase of 16% against the previous year. Over the period under review, the average export prices hit record highs at $13,620 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($35,965 per ton), while the average price for exports to Trinidad and Tobago ($5,008 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 Poland (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tents of Synthetic Fibres in the United States

In 2022, imports of tents of synthetic fibreses into the United States expanded slightly to 113K tons, with an increase of 3.3% compared with the previous year. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 54%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, tents of synthetic fibres imports expanded remarkably to $665M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +17.2% 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 +79.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 58%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Import of Tents of Synthetic Fibres in the United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China26322433738213.2%
Bangladesh10710417818319.6%
Vietnam23.116.826.348.227.8%
Others19.827.445.952.338.2%
Total41337258766517.2%

Top Suppliers of Tents of Synthetic Fibres to the United States in 2022:

  1. China (77.5K tons)
  2. Bangladesh (29.0K tons)
  3. Vietnam (3.3K tons)

Exports of Tents of Synthetic Fibres in the United States

In 2022, overseas shipments of tents of synthetic fibreses decreased by -13% to 4.4K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 99.9% against the previous year. As a result, the exports reached the peak of 5.1K tons, and then declined in the following year.

In value terms, tents of synthetic fibres exports contracted to $48M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.6% 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 +46.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. As a result, the exports reached the peak of $52M, and then fell in the following year.

Export of Tents of Synthetic Fibres in the United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Canada10.011.719.021.729.5%
Poland0.3N/AN/A3.2120.1%
Israel2.70.71.11.7-14.3%
United Kingdom0.60.92.51.638.7%
Japan2.21.62.31.5-12.0%
Australia1.81.04.01.4-8.0%
Germany2.21.62.21.3-16.1%
Italy0.12.20.41.0115.4%
Netherlands0.50.50.10.711.9%
Trinidad and TobagoN/AN/AN/A0.50%
Others12.214.020.513.22.7%
Total32.634.152.047.813.6%

Top Export Markets for Tents of Synthetic Fibres from the United States in 2022:

  1. Canada (2955.6 tons)
  2. United Kingdom (104.5 tons)
  3. Trinidad and Tobago (98.9 tons)
  4. Italy (93.0 tons)
  5. Poland (89.0 tons)
  6. Germany (74.3 tons)
  7. Netherlands (67.4 tons)
  8. Japan (64.9 tons)
  9. Australia (55.6 tons)
  10. Israel (50.5 tons)

Source: IndexBox Market Intelligence Platform

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