Non-Woven Fabric Prices Trend and Forecast
North America
During the first quarter of 2023, Non-Woven Fabric showcased irregular market sentiment in the North American region. The mixed sentiments in the feedstock Polypropylene market had contributed to the fluctuation in Non-Woven Fabric prices. The high demand for Non-Woven Fabric from the clothing sector also kept prices high in the first half of the quarter. However, the decline in Non-Woven Fabric prices in the second half of Q1 suggests that the demand had tapered off or the supply had increased. As a result, the downstream market’s fluctuation in a lower range throughout the final month of the quarter further strengthened the downward trend in Non-Woven Fabric prices.
Asia- Pacific
The non-Woven Fabric market in the Asia-Pacific region experienced some notable fluctuations during the first quarter of 2023. The increase in Non-Woven Fabric prices during the first two months was driven by rising manufacturing costs, which were in turn driven by increased raw material Polypropylene Prices. The rising demand for N95 face masks and PPE also put pressure on the Non-Woven Fabric market during the epidemic situation in China. However, the relaxation of Covid policies and the decline in demand for masks and PPE contributed to the availability of Non-Woven Fabric. This, in turn, led to a decrease in prices. Additionally, the resumption of production activity at domestic companies and the reduction in supply-chain disputes also contributed to mixed sentiments in the Non-Woven Fabric market. As a result, Non-Woven Fabric prices hovered around USD 1581/MT FOB Shanghai during February.
Europe
In the European region also experienced mixed pricing in Non-woven Fabric prices throughout the first quarter of 2023. The region had healthy demand during the first half of the quarter, but demand started to decline in the second half, resulting in a buildup of inventories in warehouses. The supply chain also began to function more efficiently in March, which allowed for a consistent flow of goods to local and global markets. Domestic producers, however, cut back on production as the year-long destocking season began in March, which contributed to the mixed pricing in Non-woven Fabric during the quarter. Overall, it seems like the Non-woven Fabric market in the European region was volatile throughout the first quarter of 2023, with fluctuating demand and production levels.
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