Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Bangladesh - 2022

Contents:

1. Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Bangladesh (FOB) - 2022
2. Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Bangladesh (CIF) - 2022
3. Exports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Bangladesh
4. Imports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Bangladesh

Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Bangladesh (FOB) - 2022

The average export price for yarn; of jute or of other textile bast fibres, singles stood at $1,407 per ton in 2022, reducing by -9.6% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for yarn; of jute or of other textile bast fibres, singles increased by +42.0% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 32%. As a result, the export price reached the peak level of $1,557 per ton, and then declined in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($1,752 per ton), while the average price for exports to Uzbekistan ($1,035 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Bangladesh (CIF) - 2022

The average import price for yarn; of jute or of other textile bast fibres, singles stood at $3,956 per ton in 2022, rising by 8.6% against the previous year. Overall, the import price continues to indicate prominent growth. The growth pace was the most rapid in 2014 when the average import price increased by 232%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($3,958 per ton), while the price for India ($1,800 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.4%), while the prices for the other major suppliers experienced a decline.

Exports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Bangladesh

In 2022, approx. 325K tons of yarn; of jute or of other textile bast fibres, singles were exported from Bangladesh; increasing by 6.4% on the previous year's figure. Over the period under review, exports, however, continue to indicate a pronounced reduction.

In value terms, exports of yarn; of jute or of other textile bast fibres, singles shrank modestly to $457M in 2022. The total export value increased at an average annual rate of +6.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 21%.

Top Export Markets for Yarn; of Jute or of Other Textile Bast Fibres, Single from Bangladesh in 2022:

1. Turkey (112.8K tons)
2. China (89.3K tons)
3. India (28.8K tons)
4. Iran (19.7K tons)
5. Uzbekistan (13.6K tons)
6. Egypt (10.0K tons)
7. Cote d'Ivoire (9.9K tons)
8. Russia (4.9K tons)

Imports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Bangladesh

In 2022, approx. 24 tons of yarn; of jute or of other textile bast fibres, singles were imported into Bangladesh; shrinking by -4.1% compared with 2021. In general, imports showed a sharp contraction.

In value terms, imports of yarn; of jute or of other textile bast fibres, singles amounted to $94K in 2022. Overall, imports continue to indicate a sharp decrease.

Top Suppliers of Yarn; of Jute or of Other Textile Bast Fibres, Single to Bangladesh in 2022:

1. Japan (23.7 tons)

Source: IndexBox Market Intelligence Platform