Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Vietnam - 2022

Contents:

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

Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Vietnam (CIF) - 2022

In December 2022, the average import price for artificial staple fibres, not carded, combed or otherwise processed for spinning amounted to $1,740 per ton, falling by -17.5% against the previous month. In general, the import price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 22% against the previous month. Over the period under review, average import prices attained the maximum at $2,695 per ton in August 2022; however, from September 2022 to December 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Austria ($3,680 per ton), while the price for China ($1,499 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Austria (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Vietnam (FOB) - 2022

The average export price for artificial staple fibres, not carded, combed or otherwise processed for spinning stood at $2,831 per ton in 2022, with an increase of 20% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for artificial staple fibres, not carded, combed or otherwise processed for spinning increased by +22.1% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 70% against the previous year. The export price peaked at $3,214 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($18,441 per ton), while the average price for exports to Taiwan (Chinese) ($1,989 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 Malaysia (+27.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Vietnam

For the third year in a row, Vietnam recorded decline in supplies from abroad of artificial staple fibres, not carded, combed or otherwise processed for spinning, which decreased by -25.8% to 35K tons in 2022. Overall, imports recorded a abrupt decline. The smallest decline of -2.8% was in 2020.

In value terms, imports of artificial staple fibres, not carded, combed or otherwise processed for spinning contracted remarkably to $77M in 2022. Over the period under review, imports recorded a deep slump. The smallest decline of -6.8% was in 2021.

Top Suppliers of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Vietnam in 2022:

1. China (15.5K tons)
2. Indonesia (5.8K tons)
3. Taiwan (Chinese) (4.8K tons)
4. Thailand (3.8K tons)
5. Austria (3.0K tons)
6. United States (0.7K tons)
7. Japan (0.5K tons)

Exports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Vietnam

In 2022, exports of artificial staple fibres, not carded, combed or otherwise processed for spinning from Vietnam contracted sharply to 111 tons, dropping by -90% on 2021. Over the period under review, exports saw a precipitous decrease. The pace of growth was the most pronounced in 2021 with an increase of 212%. As a result, the exports reached the peak of 1.1K tons, and then dropped significantly in the following year.

In value terms, exports of artificial staple fibres, not carded, combed or otherwise processed for spinning contracted significantly to $314K in 2022. Overall, exports faced a precipitous descent. The pace of growth appeared the most rapid in 2021 when exports increased by 217% against the previous year. As a result, the exports attained the peak of $2.6M, and then shrank markedly in the following year.

Top Export Markets for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from Vietnam in 2022:

1. Taiwan (Chinese) (46.7 tons)
2. China (28.4 tons)
3. Belgium (24.6 tons)
4. Mauritius (8.7 tons)
5. Malaysia (2.6 tons)

Source: IndexBox Market Intelligence Platform