Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Australia - 2024

Contents:

1. Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Australia (CIF) - 2022
2. Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Australia (FOB) - 2022
3. Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Australia
4. Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Australia

Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Australia (CIF) - 2022

In 2022, the average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $2,059 per ton, shrinking by -5.3% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 32%. As a result, import price reached the peak level of $2,449 per ton. From 2021 to 2022, the average import prices remained at a 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 Japan ($9,770 per ton), while the price for Taiwan (Chinese) ($1,050 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+10.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Australia (FOB) - 2022

In 2022, the average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $32,848 per ton, increasing by 16% against the previous year. In general, the export price recorded a strong expansion. The most prominent rate of growth was recorded in 2019 an increase of 114%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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 Sri Lanka ($189,538 per ton), while the average price for exports to Fiji ($3,870 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 New Caledonia (+94.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Australia

In 2022, the amount of synthetic staple fibres, carded, combed or otherwise processed for spinnings imported into Australia skyrocketed to 284 tons, jumping by 27% compared with 2021 figures. Overall, imports, however, recorded a relatively flat trend pattern.

In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings surged to $584K in 2022. The total import value increased at an average annual rate of +3.2% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning to Australia in 2022:

1. Taiwan (Chinese) (240.5 tons)
2. China (18.3 tons)
3. Italy (10.8 tons)
4. Japan (9.5 tons)
5. United States (3.9 tons)

Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Australia

Exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings from Australia soared to 1.6 tons in 2022, jumping by 51% against the previous year. In general, exports posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 129%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings surged to $52K in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 150% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning from Australia in 2022:

1. United Kingdom (1010.0 kg)
2. United States (247.0 kg)
3. New Zealand (182.0 kg)
4. Malaysia (61.0 kg)
5. Fiji (46.0 kg)
6. Sri Lanka (26.0 kg)

Source: IndexBox Market Intelligence Platform