Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Belgium - 2023
Contents:
- Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Belgium (FOB) - 2023
- Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Belgium (CIF) - 2023
- Exports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Belgium
- Imports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Belgium
Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Belgium (FOB) - 2023
The average export price for waste (including noils, yarn waste and garnetted stock), of man-made fibreses stood at $1,318 per ton in December 2023, shrinking by -3.4% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 18% month-to-month. Over the period under review, the average export prices hit record highs at $1,543 per ton in October 2023; however, from November 2023 to December 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In December 2023, the country with the highest price was Guatemala ($1,685 per ton), while the average price for exports to the UK amounted to $1,125 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Belgium (CIF) - 2023
In December 2023, the average import price for waste (including noils, yarn waste and garnetted stock), of man-made fibreses amounted to $1,037 per ton, reducing by -5.4% against the previous month. In general, the import price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 8.9% against the previous month. Over the period under review, average import prices attained the maximum at $1,346 per ton in January 2023; however, from February 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Morocco ($1,367 per ton), while the price for the United Arab Emirates ($416 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by France (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Belgium
For the fourth consecutive year, Belgium recorded growth in shipments abroad of waste (including noils, yarn waste and garnetted stock), of man-made fibreses, which increased by 8.1% to 36K tons in 2022. The total export volume increased at an average annual rate of +11.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 22% 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.
In value terms, exports of waste (including noils, yarn waste and garnetted stock), of man-made fibreses expanded notably to $53M in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.3% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 42% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2.1 | 6.6 | 11.4 | 20.5 | 113.7% |
| Germany | 11.0 | 10.9 | 15.6 | 12.7 | 4.9% |
| France | 5.1 | 4.6 | 5.0 | 5.5 | 2.5% |
| Italy | 2.4 | 2.4 | 6.1 | 5.1 | 28.6% |
| United States | 0.8 | 0.2 | 1.8 | 2.8 | 51.8% |
| Spain | 2.8 | 1.7 | 2.6 | 2.7 | -1.2% |
| Poland | 1.3 | 1.4 | 1.3 | 1.3 | 0.0% |
| Others | 4.0 | 4.9 | 2.9 | 2.6 | -13.4% |
| Total | 29.5 | 32.8 | 46.7 | 53.3 | 21.8% |
Top Export Markets for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres from Belgium in 2022:
- Netherlands (13.3K tons)
- Germany (9.0K tons)
- France (4.0K tons)
- Italy (3.2K tons)
- Spain (2.0K tons)
- United States (1.5K tons)
- Poland (0.9K tons)
Imports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Belgium
In 2022, approx. 25K tons of waste (including noils, yarn waste and garnetted stock), of man-made fibreses were imported into Belgium; rising by 23% against 2021 figures. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.8% 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 +76.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of waste (including noils, yarn waste and garnetted stock), of man-made fibreses surged to $32M in 2022. In general, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 38%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.
| Import of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Morocco | N/A | 3.9 | 8.0 | 16.8 | 107.5% |
| Turkey | 3.7 | 2.7 | 5.7 | 6.0 | 17.5% |
| Germany | 1.6 | 1.1 | 2.3 | 2.6 | 17.6% |
| Netherlands | 3.2 | 2.9 | 3.0 | 2.5 | -7.9% |
| United Kingdom | 1.4 | 1.3 | 1.0 | 1.3 | -2.4% |
| Malaysia | 0.1 | 0.2 | 0.3 | 0.4 | 58.7% |
| France | 0.5 | 0.3 | 0.4 | 0.2 | -26.3% |
| Others | 2.5 | 4.6 | 2.8 | 1.6 | -13.8% |
| Total | 12.9 | 17.0 | 23.4 | 31.6 | 34.8% |
Top Suppliers of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres to Belgium in 2022:
- Morocco (10.8K tons)
- Turkey (5.0K tons)
- Netherlands (3.4K tons)
- Germany (2.0K tons)
- United Kingdom (1.6K tons)
- Malaysia (0.7K tons)
- France (0.4K tons)
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