Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in China - 2023
Contents:
- Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in China (CIF) - 2023
- Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in China (FOB) - 2022
- Imports of Yarn; of Jute or of Other Textile Bast Fibres, Single in China
- Exports of Yarn; of Jute or of Other Textile Bast Fibres, Single in China
Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in China (CIF) - 2023
The average import price for yarn; of jute or of other textile bast fibres, singles stood at $748 per ton in December 2023, which is down by -3% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 7.3% m-o-m. The import price peaked at $857 per ton in September 2023; however, from October 2023 to December 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Bangladesh.
From December 2022 to December 2023, the rate of growth in terms of prices for Bangladesh amounted to -0.9% per month.
Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in China (FOB) - 2022
The average export price for yarn; of jute or of other textile bast fibres, singles stood at $2,115 per ton in 2022, which is down by -35.3% against the previous year. Overall, the export price continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 117% against the previous year. As a result, the export price reached the peak level of $3,825 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($6,077 per ton), while the average price for exports to Belarus ($1,324 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 Canada (+30.1%), 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 China
In 2022, the amount of yarn; of jute or of other textile bast fibres, singles imported into China skyrocketed to 98K tons, jumping by 24% compared with the previous year. The total import volume increased at an average annual rate of +7.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of yarn; of jute or of other textile bast fibres, singles rose rapidly to $112M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.9% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Yarn; of Jute or of Other Textile Bast Fibres, Single in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 62.9 | 78.6 | 101 | 112 | 21.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 62.9 | 78.6 | 101 | 112 | 21.2% |
Top Suppliers of Yarn; of Jute or of Other Textile Bast Fibres, Single to China in 2022:
- Bangladesh (98.3K tons)
Exports of Yarn; of Jute or of Other Textile Bast Fibres, Single in China
In 2022, the amount of yarn; of jute or of other textile bast fibres, singles exported from China soared to 396 tons, picking up by 177% against the year before. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained 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 skyrocketed to $838K in 2022. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Yarn; of Jute or of Other Textile Bast Fibres, Single in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 58.9 | 0.8 | N/A | 262 | 64.5% |
| Japan | 36.8 | 106 | 173 | 239 | 86.6% |
| Mongolia | 64.3 | N/A | 90.3 | 88.3 | 11.2% |
| Belarus | N/A | N/A | N/A | 66.3 | 0% |
| Germany | N/A | N/A | 8.8 | 59.1 | 571.6% |
| South Korea | N/A | 3.9 | 20.4 | 37.4 | 209.7% |
| Netherlands | 9.8 | 7.4 | 26.1 | 27.4 | 40.9% |
| Kazakhstan | 33.2 | 4.4 | N/A | N/A | -86.7% |
| Hungary | 48.3 | 9.5 | N/A | N/A | -80.3% |
| United Arab Emirates | 54.0 | N/A | N/A | N/A | 0% |
| Others | 43.9 | 175 | 150 | 59.2 | 10.5% |
| Total | 349 | 307 | 468 | 838 | 33.9% |
Top Export Markets for Yarn; of Jute or of Other Textile Bast Fibres, Single from China in 2022:
- Russia (151.6 tons)
- Japan (106.7 tons)
- Belarus (50.0 tons)
- Mongolia (24.0 tons)
- South Korea (17.8 tons)
- Netherlands (14.8 tons)
- Germany (9.7 tons)
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