Acrylic Staple Fiber (ASF) Prices

Acrylic Staple Fiber Prices June 2023

The acrylic staple fiber prices in the USA for Q2 2023 reached 2,645 USD/MT in June. In the USA, acrylic staple fiber prices in Q2 showed mixed trends. Prices initially fell attributed to lower manufacturing costs and weak demand, leading producers to decreased output rates. Although there was a slight recovery mid-quarter supported by high inventories, continued weak demand and low export orders from Europe ultimately led to further price declines. 

The price trend for acrylic staple fiber in South Korea for Q2 2023, reached 2,607 USD/MT in June. During the second quarter, ASF prices in South Korea were primarily on a downward trajectory due to reduced need and a slowdown in orders. Major producers cut prices to attract cautious buyers, but the market struggled with rising inventories and low seasonal demand. A brief uptick in prices occurred mid-quarter, driven by limited material availability. 

The price trend for acrylic staple fiber in Germany for Q2 2023, reached 2,315 USD/MT in June. In Germany, ASF costs fell in the Q2 amid economic concerns and decreased operations in the textile sector. Despite a brief recovery mid-quarter due to low inventory levels, overall demand remained weak. The Europe market faced inflationary pressures and a declining acrylonitrile market, leading to renewed price decreases by the end of the quarter. 

Acrylic Staple Fiber Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Acrylic Staple Fiber Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of acrylic staple fiber pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of acrylic staple fiber at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of acrylic staple fiber price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing acrylic staple fiber price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

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.

• Acrylic staple fibers are used extensively in the textile industry because of their remarkable qualities, which make them ideal for a wide range of textile applications. Acrylic staple fibers are a popular option for apparel, home textiles, and industrial fabrics because of their softness, durability, and capacity to replicate the opulent feel of natural fibers like wool. With the rising global population and changing lifestyles, there is an increase in the need for cozy, low-maintenance textiles. The market for acrylic staple fiber is expanding as producers look for materials that can adapt to the changing tastes of individuals. Furthermore, acrylic fibers are more appealing to textile manufacturers and end users alike since they have advantages over natural fibers, such as resistance to fading, stretching, and wrinkling. According to the IMARC Group, the global textile market is projected to reach US$ 1,445.4 Billion by 2032.
• Acrylic staple fibers are becoming a substitute for conventional natural fibers like cotton and wool. People and manufacturers alike are looking into synthetic fiber solutions due to concerns about sustainability, animal welfare, and the environment. Compared to their natural equivalents, acrylic fibers have a number of benefits, such as being hypoallergenic, resistant to moths and mildew, and easy to maintain. Because of these qualities, acrylic staple fibers are especially appealing for uses where natural fibers might not be appropriate or easily accessible. Furthermore, acrylic fibers are a flexible option for a variety of textile products since they can be designed to mimic the appearance and texture of natural fibers while providing better performance qualities. Moreover, homeowners are constantly seeking carpets, curtains, and bedding made with durable and innovative materials, which is driving the demand for acrylic staple fibers. As per the Joint Center for Housing Centers of Harvard University (JCHS), home improvement project spending increased from $328 billion in 2019 to $472 billion in 2022. This further encouraged homeowners to invest in high-quality décor items.

Acrylic Staple Fiber News

The report covers the latest developments, updates, and trends impacting the global acrylic staple fiber market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in acrylic staple fiber production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the acrylic staple fiber price trend.

Latest developments in the acrylic staple fiber industry:

• May 2022: Thai Acrylic Fibre Co. Ltd. launched Regel, which is a recycled acrylic fiber containing 75% recycled content.

Product Description

Acrylic staple fiber is a sort of synthetic fiber made from acrylonitrile polymer. It is produced via a procedure of wet spinning, where acrylonitrile is dissolved in a solvent and then extruded into filaments. It exhibits efficient colorfastness, enabling vibrant and long-lasting colors in textiles. It is also resistant to mildew, moths, and chemicals, improving its durability. It can also be engineered to copy the appearance and texture of various natural fibers like wool while providing superior performance. It is used in air and liquid filtration equipment where synthetic resilience and filtration efficiency are paramount. It is also employed to create the components of mops and dusting cloths due to its ability to collect dust and withstand constant washing. It is also adopted into the creation of protective garments which are resistant to chemicals.

Regional Coverage

The report provides a detailed analysis of the acrylic staple fiber market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the acrylic staple fiber price trend.

Global Acrylic Staple Fiber Price

The report offers a holistic view of the global acrylic staple fiber pricing trends in the form of acrylic staple fiber price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into acrylic staple fiber historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes. 

The report also delves into acrylic staple fiber price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed acrylic staple fiber demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Acrylic Staple Fiber Price

In Europe, ASF prices experienced a downturn during Q2 2023, mainly driven by falling crude oil costs and economic concerns, including uncertainty around the US banking system. The textile industry faced decreased operating rates, which dampened buying interest and led to lower local market offers. Although prices briefly increased mid-quarter due to low inventory levels, overall market sentiment stayed mixed. Inflation concerns further constrained the market, limiting the potential for price recovery. Additionally, a weakening acrylonitrile market did not support ASF prices. The off-season for knitwear continued to suppress demand, and ASF costs declined again by the quarter’s end as the market struggled with these challenges.

This analysis can be extended to include detailed acrylic staple fiber price information for a comprehensive list of countries.

North America Acrylic Staple Fiber Price

During Q2, ASF prices in North America displayed volatility. Initially, prices dipped attributed to decreased manufacturing costs following lower crude oil and acrylonitrile prices. Producers adjusted their output rates in response to sluggish requirement, which pressured the market. However, high inventory levels and a slow global economy provided some support, and a modest price rebound occurred midway through the quarter. Despite this recovery, demand remained weak, leading to further price declines by the end of the period. The market faced additional challenges from low export demand, particularly from Europe, owing to reduced knitwear consumption. As a result, ASF prices ultimately settled lower.

Specific acrylic staple fiber historical data within the United States and Canada can also be provided.

Middle East and Africa Acrylic Staple Fiber Price

The report explores the acrylic staple fiber pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on acrylic staple fiber prices for countries can also be provided.

Asia Pacific Acrylic Staple Fiber Price

In the Asia Pacific region, ASF prices fluctuated throughout the Q2 of 2023, largely influenced by sluggish demand and reduced orders. The decline in downstream activity prompted major producers to reduce costs in an attempt to attract hesitant buyers. This led to increased inventories and a challenging market environment. A minor price increase was noted mid-quarter due to reduced material availability, which offered some temporary relief to the market. Nevertheless, need from sectors like knitwear and hand-knitting remained subdued, contributing to a general downward trend. The combination of minimal trading activity and weak seasonal demand continued to impact ASF prices negatively, reflecting a pessimistic market outlook.

This acrylic staple fiber price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Acrylic Staple Fiber Price

The analysis of acrylic staple fiber prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of acrylic staple fiber pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting acrylic staple fiber price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The acrylic staple fiber price charts ensure our clients remain at the forefront of the industry.