Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Luxembourg - 2023

Contents:

1. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Luxembourg (FOB) - 2022
2. Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Luxembourg

Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Luxembourg (FOB) - 2022

In 2022, the average export price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses amounted to $331 per ton, reducing by -22.8% against the previous year. Overall, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2021 an increase of 36% against the previous year. The export price peaked at $634 per ton in 2013; however, from 2014 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 Belgium ($393 per ton), while the average price for exports to India ($216 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+12.8%), while the prices for the other major destinations experienced a decline.

Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Luxembourg

In 2022, the amount of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses exported from Luxembourg fell modestly to 53 tons, declining by -4.8% against 2021 figures. In general, exports saw a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year.

In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses dropped remarkably to $17K in 2022. Over the period under review, exports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 55%. As a result, the exports attained the peak of $24K, and then contracted dramatically in the following year.

Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres from Luxembourg in 2022:

1. Italy (31.8 tons)
2. Spain (14.5 tons)
3. Belgium (5.2 tons)
4. India (1.1 tons)

Source: IndexBox Market Intelligence Platform