Price for Wadding; Other Articles Thereof, of Man-Made Fibres in China - 2023
Contents:
- Price for Wadding; Other Articles Thereof, of Man-Made Fibres in China (FOB) - 2022
- Price for Wadding; Other Articles Thereof, of Man-Made Fibres in China (CIF) - 2023
- Exports of Wadding; Other Articles Thereof, of Man-Made Fibres in China
- Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in China
Price for Wadding; Other Articles Thereof, of Man-Made Fibres in China (FOB) - 2022
In 2022, the average export price for wadding; other articles thereof, of man-made fibreses amounted to $5,760 per ton, rising by 4.7% against the previous year. In general, the export price posted a temperate expansion. The growth pace was the most rapid in 2020 an increase of 34% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
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 States ($27,927 per ton), while the average price for exports to Mexico ($2,364 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 the United States (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wadding; Other Articles Thereof, of Man-Made Fibres in China (CIF) - 2023
In December 2023, the average import price for wadding; other articles thereof, of man-made fibreses amounted to $18,040 per ton, with an increase of 93% against the previous month. Over the period under review, import price indicated a notable expansion from December 2022 to December 2023: its price increased at an average monthly rate of +2.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for wadding; other articles thereof, of man-made fibreses increased by +93.5% against November 2023 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($52,147 per ton), while the price for Germany ($8,950 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wadding; Other Articles Thereof, of Man-Made Fibres in China
In 2022, approx. 30K tons of wadding; other articles thereof, of man-made fibreses were exported from China; picking up by 3.6% compared with 2021. Over the period under review, exports, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 4.4%.
In value terms, exports of wadding; other articles thereof, of man-made fibreses rose sharply to $173M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.9% 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 +47.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 28%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Wadding; Other Articles Thereof, of Man-Made Fibres in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 16.9 | 17.7 | 29.9 | 39.8 | 33.0% |
| United States | 7.0 | 7.8 | 15.9 | 18.3 | 37.8% |
| Myanmar | N/A | 8.5 | 8.5 | 11.8 | 17.8% |
| Cambodia | 3.6 | 3.7 | 6.2 | 8.9 | 35.2% |
| Malaysia | 4.2 | 5.9 | 5.2 | 5.4 | 8.7% |
| Philippines | 1.3 | 4.1 | 7.1 | 5.2 | 58.7% |
| Indonesia | 4.2 | 8.0 | 5.7 | 4.8 | 4.6% |
| Thailand | 2.7 | 2.4 | 4.1 | 4.6 | 19.4% |
| Bangladesh | 3.6 | 3.6 | 6.0 | 4.0 | 3.6% |
| Taiwan (Chinese) | 6.0 | 2.2 | 3.6 | 3.0 | -20.6% |
| Brazil | 0.4 | 0.4 | 1.2 | 2.7 | 89.0% |
| Democratic People's Republic of Korea | 27.4 | 3.2 | 1.5 | 2.7 | -53.8% |
| Mexico | 0.9 | 0.5 | 0.7 | 1.7 | 23.6% |
| Others | 38.8 | 56.7 | 63.8 | 59.7 | 15.4% |
| Total | 117 | 125 | 159 | 173 | 13.9% |
Top Export Markets for Wadding; Other Articles Thereof, of Man-Made Fibres from China in 2022:
- Vietnam (7.8K tons)
- Myanmar (3.9K tons)
- Cambodia (1.6K tons)
- Bangladesh (1.1K tons)
- Philippines (1.0K tons)
- Thailand (1.0K tons)
- Brazil (0.9K tons)
- Malaysia (0.9K tons)
- Indonesia (0.8K tons)
- Mexico (0.7K tons)
- United States (0.7K tons)
- Taiwan (Chinese) (0.5K tons)
- Democratic People's Republic of Korea (0.5K tons)
Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in China
For the third year in a row, China recorded decline in supplies from abroad of wadding; other articles thereof, of man-made fibreses, which decreased by -25.6% to 4.2K tons in 2022. In general, imports showed a abrupt decline. The smallest decline of -9.9% was in 2020.
In value terms, imports of wadding; other articles thereof, of man-made fibreses fell significantly to $51M in 2022. Over the period under review, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2020 when imports increased by 5.1%. As a result, imports reached the peak of $85M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Wadding; Other Articles Thereof, of Man-Made Fibres in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 17.5 | 9.7 | 8.3 | 8.5 | -21.4% |
| United States | 7.0 | 9.6 | 8.1 | 8.0 | 4.6% |
| Japan | 10.0 | 7.7 | 7.9 | 7.3 | -10.0% |
| Indonesia | 12.6 | 17.3 | 19.0 | 6.3 | -20.6% |
| South Korea | 9.6 | 6.4 | 3.4 | 3.7 | -27.2% |
| Vietnam | 1.9 | 1.8 | 2.8 | 3.5 | 22.6% |
| Hong Kong SAR | 0.4 | 1.2 | 1.3 | 2.7 | 89.0% |
| Taiwan (Chinese) | 2.9 | 2.8 | 3.0 | 2.5 | -4.8% |
| Canada | 0.3 | 1.3 | 1.4 | 2.2 | 94.3% |
| Others | 18.8 | 27.4 | 26.7 | 6.7 | -29.1% |
| Total | 81.0 | 85.2 | 82.0 | 51.4 | -14.1% |
Top Suppliers of Wadding; Other Articles Thereof, of Man-Made Fibres to China in 2022:
- Thailand (797.8 tons)
- Indonesia (560.8 tons)
- Japan (448.3 tons)
- United States (438.8 tons)
- South Korea (411.1 tons)
- Vietnam (391.6 tons)
- Taiwan (Chinese) (334.6 tons)
- Hong Kong SAR (279.2 tons)
- Canada (187.9 tons)
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