Price for Woven Fabrics of Artificial Staple Fibres in Ireland - 2023

Price for Woven Fabrics of Artificial Staple Fibres in Ireland (CIF) - 2023

In September 2023, the average import price for woven fabrics of artificial staple fibres amounted to $1.3 per square meter, with an increase of 7.9% against the previous month. Over the period under review, the import price, however, saw a mild decline. The pace of growth was the most pronounced in November 2022 when the average import price increased by 46% m-o-m. Over the period under review, average import prices attained the peak figure at $2.5 per square meter in December 2022; however, from January 2023 to September 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was India ($5.3 per square meter), while the price for the UK ($965 per thousand square meters) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Woven Fabrics of Artificial Staple Fibres in Ireland (FOB) - 2022

In 2022, the average export price for woven fabrics of artificial staple fibres amounted to $255 per square meter, with an increase of 430% against the previous year. In general, the export price enjoyed resilient growth. The growth pace was the most rapid in 2014 an increase of 708%. The export price peaked at $347 per square meter in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +105.5% per year.

Imports of Woven Fabrics of Artificial Staple Fibres in Ireland

In 2022, approx. 617K square meters of woven fabrics of artificial staple fibres were imported into Ireland; picking up by 10% against 2021. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.9% 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 decreased by -8.7% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 70%. As a result, imports reached the peak of 676K square meters. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of woven fabrics of artificial staple fibres amounted to $1.6M in 2022. In general, imports, however, recorded a noticeable descent. The growth pace was the most rapid in 2021 with an increase of 46%. Over the period under review, imports of reached the peak figure at $1.8M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Woven Fabrics of Artificial Staple Fibres in Ireland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	713	507	793	765	2.4%
India	75.5	17.4	148	205	39.5%
Belgium	256	163	128	150	-16.3%
Turkey	247	23.4	95.1	99.0	-26.3%
China	77.0	13.3	102	98.8	8.7%
Spain	112	123	54.7	83.1	-9.5%
Netherlands	77.0	29.5	2.1	38.7	-20.5%
Others	249	133	148	197	-7.5%
Total	1,808	1,010	1,470	1,638	-3.2%

Top Suppliers of Woven Fabrics of Artificial Staple Fibres to Ireland in 2022:

United Kingdom (471.1K square meters)
Belgium (44.4K square meters)
China (28.1K square meters)
India (25.7K square meters)
Turkey (15.2K square meters)
Netherlands (10.1K square meters)
Spain (9.6K square meters)

Exports of Woven Fabrics of Artificial Staple Fibres in Ireland

Exports of woven fabrics of artificial staple fibres from Ireland shrank sharply to 68 square meters in 2022, waning by -48.5% compared with the previous year's figure. Over the period under review, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 2,540%. As a result, the exports attained the peak of 132 square meters, and then dropped rapidly in the following year.

In value terms, exports of woven fabrics of artificial staple fibres skyrocketed to $17K in 2022. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 481% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.