Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in China - 2023

Contents:

1. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in China (FOB) - 2023
2. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in China (CIF) - 2022
3. Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in China
4. Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in China

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in China (FOB) - 2023

The average export price for textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses stood at $3,456 per ton in December 2023, picking up by 4.7% against the previous month. In general, the export price, however, recorded a mild descent. The export price peaked at $4,193 per ton in December 2022; however, from January 2023 to December 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Russia ($5,761 per ton), while the average price for exports to Pakistan ($2,712 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-0.4%), while the prices for the other major destinations experienced a decline.

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in China (CIF) - 2022

In 2022, the average import price for textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses amounted to $10,238 per ton, increasing by 27% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses increased by +85.1% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 South Korea ($20,081 per ton), while the price for Russia ($2,090 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in China

In 2022, exports of textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses from China fell to 118K tons, declining by -14.2% compared with the year before. The total export volume increased at an average annual rate of +4.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 42%. As a result, the exports attained the peak of 137K tons, and then dropped in the following year.

In value terms, exports of textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses dropped to $573M in 2022. In general, exports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 112%. As a result, the exports reached the peak of $644M, and then dropped in the following year.

Top Export Markets for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides from China in 2022:

1. India (24.8K tons)
2. Thailand (21.7K tons)
3. Indonesia (20.0K tons)
4. South Korea (5.3K tons)
5. Brazil (4.6K tons)
6. Vietnam (4.6K tons)
7. Sri Lanka (4.6K tons)
8. Pakistan (4.2K tons)
9. Turkey (3.0K tons)
10. Philippines (2.7K tons)
11. Taiwan (Chinese) (2.6K tons)
12. Mexico (2.4K tons)
13. Japan (2.2K tons)

Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in China

For the third consecutive year, China recorded decline in overseas purchases of textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses, which decreased by -10.9% to 5.2K tons in 2022. Overall, imports saw a abrupt curtailment. The smallest decline of -0.7% was in 2021.

In value terms, imports of textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses rose significantly to $53M in 2022. The total import value increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 21%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides to China in 2022:

1. Taiwan (Chinese) (1768.7 tons)
2. Vietnam (802.2 tons)
3. Poland (747.2 tons)
4. Thailand (628.0 tons)
5. Indonesia (248.5 tons)
6. South Korea (247.8 tons)
7. Russia (220.3 tons)
8. Japan (201.1 tons)

Source: IndexBox Market Intelligence Platform