Spunbond Nonwoven Fabric Price

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For the Quarter Ending March 2024

North America

In the first quarter of 2024, the North America region witnessed a varied pricing landscape for non-woven fabric. Numerous factors influenced these pricing dynamics during this period. A primary factor was the limited availability of raw materials, particularly Polypropylene, crucial for non-woven fabric production. This scarcity resulted in increased production costs, driving non-woven fabric prices higher in the early months of the quarter.

Furthermore, strong demand from downstream industries, notably the textile and clothing sectors, contributed to price hikes. This surge in demand led to a supply-demand imbalance, further fueling the upward trajectory of non-woven fabric prices.

In the USA, the price trend for non-woven fabric mirrored the overall market trend. Prices steadily rose throughout the initial months of the quarter and then declined in the latter part of the quarter due to decreases in production costs and feedstock prices. Despite this, the US market experienced a 6% increase compared to the previous quarter, reflecting the prevailing positive market sentiment. However, it's noteworthy that there were no price changes during the first quarter of 2024 compared to the same period in 2023.

APAC

In the first quarter of 2024, the APAC region observed a varied trend in Non-Woven Fabric prices. Several significant factors influenced market prices during this period. Overall, the region experienced a decrease in prices, indicating a downward trajectory. This decline can be attributed to factors such as sluggish demand from downstream industries, reduced consumption, and low operating rates. China, in particular, saw the most significant price fluctuations in the region. The non-woven fabric market in China exhibited mixed sentiments during Q1 2024. Prices declined during the first and last month of the quarter while showing an upward trend in the middle. Subdued demand from downstream sectors, lower consumption, and ample inventory primarily influenced the market dynamics. These fluctuations were also influenced by changes in the price of the raw material, polypropylene, which drove both the upward and downward curves in product prices. The pricing environment during Q1 2024 can be characterized as negative, with prices experiencing a substantial decline throughout the period. Additionally, prices in the first quarter were down by approximately 1% compared to the previous quarter and decreased by around 7% compared to the same quarter of the previous year.

Europe

In the first quarter of 2024, the European region observed a positive pricing trend for non-woven fabric, with prices showing a steady increase. Several factors played into these price movements during this period. Mainly, there was a noticeable rise in production expenses, fueled by the heightened costs of crucial raw materials such as Polypropylene. Consequently, this led to upward pressure on non-woven fabric prices. Additionally, an increase in freight charges impacted logistics, adding to the overall cost of importing non-woven fabric. In Germany, the fluctuations in non-woven fabric prices were particularly notable. The market witnessed a significant 8% price hike during the first quarter of 2024 compared to the previous quarter. This increase can be attributed to the constrained supply of non-woven fabric due to limited inventory and disruptions in the shipping sector. The simultaneous rise in production costs and freight charges further contributed to the price surge in Germany. However, looking at the year-on-year perspective, the price of non-woven fabric in Q1 2024 showed a modest 3.5% increase, indicating the overall upward trajectory in prices over the past year.