Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Belgium - 2023

Contents:

1. Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Belgium (CIF) - 2023
2. Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Belgium (FOB) - 2023
3. Imports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Belgium
4. Exports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Belgium

Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Belgium (CIF) - 2023

In October 2023, the average import price for yarn; of jute or of other textile bast fibres, singles amounted to $1,260 per ton, picking up by 10% against the previous month. Over the period under review, the import price, however, continues to indicate a slight decrease. The growth pace was the most rapid in July 2023 when the average import price increased by 19% month-to-month. The import price peaked at $1,577 per ton in October 2022; however, from November 2022 to October 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Bangladesh ($1,282 per ton), while the price for India stood at $1,135 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Malaysia (0.0%), while the prices for the other major suppliers experienced a decline.

Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Belgium (FOB) - 2023

In October 2023, the average export price for yarn; of jute or of other textile bast fibres, singles amounted to $1,292 per ton, growing by 4.7% against the previous month. Overall, the export price, however, saw a pronounced reduction. The pace of growth was the most pronounced in December 2022 when the average export price increased by 15% against the previous month. As a result, the export price attained the peak level of $1,895 per ton. From January 2023 to October 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In October 2023, the country with the highest price was Belarus ($1,621 per ton), while the average price for exports to Ukraine ($1,169 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of yarn; of jute or of other textile bast fibres, singles into Belgium fell to 2.2K tons, waning by -7.7% compared with 2021. In general, imports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 47%.

In value terms, imports of yarn; of jute or of other textile bast fibres, singles fell to $4.1M in 2022. Overall, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 93%. As a result, imports reached the peak of $4.3M, and then contracted slightly in the following year.

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

1. Bangladesh (2038.7 tons)
2. India (165.9 tons)

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

In 2022, approx. 1.4K tons of yarn; of jute or of other textile bast fibres, singles were exported from Belgium; increasing by 47% against 2021. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +14.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.3% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of yarn; of jute or of other textile bast fibres, singles soared to $2.8M in 2022. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 50%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

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

1. Ukraine (403.2 tons)
2. Germany (280.0 tons)
3. France (257.5 tons)
4. Belarus (150.8 tons)
5. Poland (109.1 tons)
6. Spain (73.1 tons)
7. Brazil (35.1 tons)
8. Russia (29.1 tons)
9. Morocco (26.0 tons)
10. United States (16.9 tons)
11. Serbia (3.9 tons)

Source: IndexBox Market Intelligence Platform