Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Oman - 2022

Contents:

1. Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Oman (CIF) - 2022
2. Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Oman (FOB) - 2022
3. Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Oman
4. Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Oman

Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Oman (CIF) - 2022

In 2022, the average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $3,673 per ton, falling by -12.6% against the previous year. Over the period under review, the import price showed a pronounced decline. The pace of growth appeared the most rapid in 2019 when the average import price increased by 54% against the previous year. As a result, import price attained the peak level of $5,551 per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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 the United Arab Emirates ($6,010 per ton), while the price for India ($2,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.1%), while the prices for the other major suppliers experienced a decline.

Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Oman (FOB) - 2022

The average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings stood at $667 per ton in 2022, reducing by -14.8% against the previous year. Overall, the export price showed a abrupt descent. The pace of growth was the most pronounced in 2020 an increase of 174% against the previous year. Over the period under review, the average export prices reached the peak figure at $4,385 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($1,226 per ton), while the average price for exports to Qatar totaled $617 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-6.6%).

Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Oman

In 2022, supplies from abroad of synthetic staple fibres, carded, combed or otherwise processed for spinnings increased by 447% to 2.3 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a sharp contraction.

In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings soared to $8.6K in 2022. In general, imports, however, continue to indicate a dramatic decline.

Top Suppliers of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning to Oman in 2022:

1. Saudi Arabia (2242.0 kg)
2. United Arab Emirates (101.0 kg)

Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Oman

In 2022, the amount of synthetic staple fibres, carded, combed or otherwise processed for spinnings exported from Oman soared to 10 tons, with an increase of 18% compared with the previous year's figure. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 234%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $6.7K in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 362% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning from Oman in 2022:

1. Qatar (9.1 tons)
2. United Arab Emirates (0.8 tons)

Source: IndexBox Market Intelligence Platform