Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in the United Arab Emirates - 2022

Contents:

1. Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in the United Arab Emirates (CIF) - 2022
2. Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in the United Arab Emirates (FOB) - 2022
3. Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in the United Arab Emirates
4. Exports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in the United Arab Emirates

Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in the United Arab Emirates (CIF) - 2022

The average import price for artificial staple fibres, not carded, combed or otherwise processed for spinning stood at $1,897 per ton in 2022, approximately equating the previous year. In general, the import price, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2021 an increase of 38%. The import price peaked at $2,373 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($2,028 per ton) and Indonesia ($1,928 per ton), while the price for Thailand ($1,457 per ton) and India ($1,868 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+16.4%), while the prices for the other major suppliers experienced a decline.

Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in the United Arab Emirates (FOB) - 2022

The average export price for artificial staple fibres, not carded, combed or otherwise processed for spinning stood at $1,949 per ton in 2022, growing by 4.6% against the previous year. Overall, the export price, however, showed a noticeable reduction. The growth pace was the most rapid in 2016 when the average export price increased by 17%. The export price peaked at $2,683 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($1,934 per ton), while the average price for exports to Azerbaijan stood at $1,933 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+5.0%).

Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in the United Arab Emirates

In 2022, the amount of artificial staple fibres, not carded, combed or otherwise processed for spinning imported into the United Arab Emirates soared to 29K tons, rising by 28% on 2021. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 270%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of artificial staple fibres, not carded, combed or otherwise processed for spinning soared to $54M in 2022. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 194%. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the near future.

Top Suppliers of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to the United Arab Emirates in 2022:

1. Singapore (15.1K tons)
2. India (6.7K tons)
3. Indonesia (5.0K tons)
4. Thailand (1.3K tons)
5. China (0.3K tons)

Exports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in the United Arab Emirates

In 2022, overseas shipments of artificial staple fibres, not carded, combed or otherwise processed for spinning decreased by -0.1% to 8.4K tons, falling for the second year in a row after two years of growth. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -0.2% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 88%. As a result, the exports reached the peak of 8.4K tons; afterwards, it flattened through to 2022.

In value terms, exports of artificial staple fibres, not carded, combed or otherwise processed for spinning expanded to $16M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.0% 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 +64.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 50%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from the United Arab Emirates in 2022:

1. Iran (7.9K tons)
2. Azerbaijan (0.4K tons)

Source: IndexBox Market Intelligence Platform