Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Angola - 2022
Contents:
- Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Angola (CIF) - 2022
- Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Angola (FOB) - 2022
- Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Angola
- Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Angola
Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Angola (CIF) - 2022
The average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings stood at $3,220 per ton in 2022, rising by 19% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2013 when the average import price increased by 35% against the previous year. As a result, import price attained the peak level of $3,328 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($3,451 per ton), while the price for China ($3,083 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Angola (FOB) - 2022
The average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings stood at $2,722 per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a slight expansion. The pace of growth was the most pronounced in 2020 a decrease of -8.2% against the previous year. Over the period under review, the average export prices hit record highs at $3,519 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.
From 2016 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to -8.2% per year.
Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Angola
In 2022, approx. 781 tons of synthetic staple fibres, carded, combed or otherwise processed for spinnings were imported into Angola; picking up by 9.4% compared with the year before. Overall, imports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year.
In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings surged to $2.5M in 2022. In general, imports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 53%.
| Import of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 2,144 | 1,195 | 1,627 | 2,375 | 3.5% |
| South Africa | 521 | 33.4 | 149 | 71.4 | -48.4% |
| China | 99.2 | 5.1 | 101 | 37.2 | -27.9% |
| Others | 181 | 29.0 | 50.2 | 32.7 | -43.5% |
| Total | 2,945 | 1,262 | 1,927 | 2,516 | -5.1% |
Top Suppliers of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning to Angola in 2022:
- South Korea (742.9 tons)
- South Africa (20.7 tons)
- China (12.1 tons)
Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Angola
In 2022, overseas shipments of synthetic staple fibres, carded, combed or otherwise processed for spinnings decreased by 0% to 2.2 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 233%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings stood at $6.1K in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 181%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 1.3 | 2.1 | 6.1 | 6.1 | 67.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.3 | 2.2 | 6.1 | 6.1 | 67.4% |
Top Export Markets for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning from Angola in 2022:
- Democratic Republic of the Congo (2.2 tons)
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