Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Egypt - 2023
Contents:
- Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Egypt (CIF) - 2023
- Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Egypt (FOB) - 2022
- Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Egypt
- Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Egypt
Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Egypt (CIF) - 2023
The average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings stood at $3,027 per ton in November 2023, reducing by -17% against the previous month. In general, the import price saw a mild shrinkage. The pace of growth was the most pronounced in May 2023 when the average import price increased by 94% month-to-month. As a result, import price reached the peak level of $7,626 per ton. From June 2023 to November 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the highest price was recorded for prices from Turkey ($3,097 per ton) and Saudi Arabia ($2,902 per ton), while the price for China ($2,902 per ton) and Germany ($2,902 per ton) were amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (0.0%), while the prices for the other major suppliers experienced a decline.
Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Egypt (FOB) - 2022
In 2022, the average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $3,622 per ton, declining by -27.2% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 149% against the previous year. The export price peaked at $4,976 per ton in 2021, and then declined sharply in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($14,981 per ton), while the average price for exports to Saudi Arabia ($1,143 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 Belgium (+20.1%), 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 Egypt
In 2022, supplies from abroad of synthetic staple fibres, carded, combed or otherwise processed for spinnings increased by 125% to 2.4K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports saw buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings soared to $9.8M in 2022. Overall, imports posted prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1,370 | 2,441 | 1,645 | 5,254 | 56.5% |
| China | 1,932 | 626 | 367 | 3,285 | 19.4% |
| India | 81.8 | 3.9 | 1.3 | 689 | 103.5% |
| Portugal | 373 | 772 | 598 | 311 | -5.9% |
| Germany | 762 | 359 | 129 | 244 | -31.6% |
| Belgium | 747 | 166 | 328 | N/A | -33.7% |
| France | 300 | 829 | N/A | N/A | 176.3% |
| Others | 578 | 350 | 820 | 52.0 | -55.2% |
| Total | 6,144 | 5,547 | 3,889 | 9,836 | 17.0% |
Top Suppliers of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning to Egypt in 2022:
- Turkey (1297.6 tons)
- China (723.0 tons)
- India (226.8 tons)
- Portugal (78.8 tons)
- Germany (67.7 tons)
Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Egypt
For the third consecutive year, Egypt recorded decline in shipments abroad of synthetic staple fibres, carded, combed or otherwise processed for spinnings, which decreased by -68.2% to 383 tons in 2022. Overall, exports saw a precipitous descent. The smallest decline of -18.1% was in 2021.
In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings dropped significantly to $1.4M in 2022. In general, exports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 98% against the previous year.
| Export of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Syrian Arab Republic | 1.1 | 3.5 | 3.9 | 1.0 | -3.1% |
| Saudi Arabia | 0.5 | 0.5 | 0.3 | 0.3 | -15.7% |
| China | N/A | 0.7 | 0.1 | N/A | -85.7% |
| Pakistan | 0.5 | N/A | 0.2 | N/A | -36.8% |
| Others | 0.4 | 0.3 | 1.4 | 0.1 | -37.0% |
| Total | 2.5 | 5.0 | 6.0 | 1.4 | -17.6% |
Top Export Markets for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning from Egypt in 2022:
- Saudi Arabia (224.9 tons)
- Syrian Arab Republic (149.7 tons)
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