Acrylic Staple Fiber Prices in USA

• United States: 2645 USD/MT

In June 2023, the price of acrylic staple fiber in the USA reached 2645 USD/MT for Q2. The latest report by IMARC, titled "Acrylic Staple Fiber Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of Acrylic Staple Fiber prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Acrylic Staple Fiber Prices December 2023:

• United States: 2645 USD/MT
• South Korea: 2607 USD/MT
• Germany: 2315 USD/MT

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The study delves into the factors affecting Acrylic Staple Fiber price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

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Acrylic Staple Fiber Price Trend- Q4 2023

The market growth of acrylic staple fiber is primarily fueled by its extensive use in the apparel, home furnishing, and industrial sectors, due to its wool-like aesthetic, resistance to moisture and chemicals, and ability to retain color and shape. Increasing demand for lightweight and comfortable fabrics in the fashion industry supports the growth of acrylic fibers, particularly in the production of sweaters, socks, and fleece garments. The versatility and cost-effectiveness of acrylic staple fiber make it a favored choice over natural fibers in various applications. Additionally, the expansion of the home furnishing sector contributes significantly, with acrylic staple fiber being utilized in upholstery, carpets, and window treatments for its durability and ease of maintenance. Industrial applications in filtration, automotive interiors, and hygiene products further broaden the usage scope of acrylic staple fibers. Technological advancements in fiber production and treatment processes have enhanced the quality and functionality of acrylic fibers, making them more appealing across diverse industries. Furthermore, the growing trend towards sustainable and eco-friendly manufacturing processes is prompting manufacturers to invest in recycling and eco-efficient technologies for acrylic fiber production, thus aligning with global environmental concerns. These multifaceted applications and continuous innovations are key drivers propelling the growth of the global acrylic staple fiber market.

Acrylic Staple Fiber Market Analysis

The global acrylic staple fiber market size reached US$ 36.3 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 54.8 Billion, at a projected CAGR of 4.7% during 2023-2032. In the last quarter, the price of Acrylic Staple Fiber (ASF) exhibited significant variability across major global markets, influenced primarily by shifts in raw material costs, changes in consumer demand, and global economic conditions. Initially, a drop in crude oil and acrylonitrile prices contributed to lower production costs for ASF, leading to a decrease in ASF prices. This was particularly evident in North America where producers, responding to low demand, also had to scale back their production rates, complicating market dynamics. The reduction in production was a strategic response to avoid oversupply but paradoxically added pressure in a market already grappling with weak demand. As the quarter progressed, some recovery was noted, underpinned by a minor uptick in the Consumer Price Index in the United States, which slightly boosted consumer spending potential. However, the recovery was short-lived as rising inventories and a significant slowdown in export demand, particularly from Europe, due to the off-season for knitwear, exerted downward pressure on prices.

Similarly, in the Asia-Pacific region, the ASF market dynamics were shaped by a mix of supply and demand factors. A notable decline in orders led to a decrease in prices as major producers in countries like Korea had to cut back production and reduce prices to attract buyers. This situation was compounded by rising inventories and low export orders amid weak seasonal demand for woolen clothing. Although there was a slight price recovery mid-quarter due to tight material availability, it wasn't sufficient to reverse the overall downward trend influenced by weak demand in the knitwear and hand-knitting yarn sectors. This pessimistic outlook was pervasive despite some pockets of increased orders from the upholstery sector. The European market also faced similar challenges; despite a temporary price recovery mid-quarter due to low stocks, the overall sentiment remained bearish, driven by ongoing economic uncertainties, inflationary pressures, and subdued demand from the textile industry, which continued to impact ASF pricing negatively as the quarter concluded. These intertwined factors across different regions underscore the complexity of the global ASF market, highlighting the sensitivity of ASF prices to shifts in both economic indicators and industry-specific demand cycles.

Browse Full Report: https://www.imarcgroup.com/acrylic-staple-fiber-pricing-report

Key Points Covered in the Acrylic Staple Fiber Pricing Report:

The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

• Acrylic Staple Fiber Prices
• Acrylic Staple Fiber Price Trend
• Acrylic Staple Fiber Demand & Supply
• Acrylic Staple Fiber Market Analysis
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Acrylic Staple Fiber Price Analysis
• Acrylic Staple Fiber Industry Drivers, Restraints, and Opportunities
• Acrylic Staple Fiber News and Recent developments
• Global Event Analysis
• List of Key Players

Regional Price Analysis:

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
• Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
• North America: United States and Canada
• Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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