Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Myanmar - 2023
Contents:
- Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Myanmar (FOB) - 2022
- Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Myanmar
Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Myanmar (FOB) - 2022
In 2022, the average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $5,458 per ton, surging by 304% against the previous year. Over the period under review, the export price, however, showed a noticeable reduction. Over the period under review, the average export prices attained the peak figure at $6,800 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Vietnam.
From 2013 to 2022, the rate of growth in terms of prices for Thailand amounted to +99.8% per year.
Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Myanmar
In 2022, the amount of synthetic staple fibres, carded, combed or otherwise processed for spinnings exported from Myanmar declined rapidly to 10 tons, with a decrease of -72.1% on the previous year's figure. In general, exports continue to indicate a precipitous descent. The pace of growth appeared the most rapid in 2021 with an increase of 7.6% against the previous year.
In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings expanded rapidly to $55K in 2022. Over the period under review, exports continue to indicate a precipitous curtailment.
| Export of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 312 | 111 | 22.2 | 55.3 | -43.8% |
| Indonesia | N/A | 0.1 | 26.2 | N/A | 26100.0% |
| Others | 1.7 | N/A | 0.7 | N/A | -35.8% |
| Total | 313 | 111 | 49.1 | 55.3 | -43.9% |
Top Export Markets for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning from Myanmar in 2022:
- Vietnam (10.1 tons)
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