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

Contents:

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

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

In 2022, the average import price for yarn; of jute or of other textile bast fibres, singles amounted to $1,945 per ton, picking up by 3.6% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for yarn; of jute or of other textile bast fibres, singles increased by +82.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 44%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bangladesh ($1,945 per ton), while the price for Turkey amounted to $1,945 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for yarn; of jute or of other textile bast fibres, singles amounted to $2,145 per ton, almost unchanged from the previous year. Overall, the export price continues to indicate a deep slump. Over the period under review, the average export prices reached the maximum at $4,515 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($2,225 per ton), while the average price for exports to the UK stood at $1,659 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-3.3%).

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

In 2022, approx. 9K tons of yarn; of jute or of other textile bast fibres, singles were imported into Egypt; rising by 67% on the year before. In general, total imports indicated a measured expansion from 2019 to 2022: its volume increased at an average annual rate of +2.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.3% against 2020 indices.

In value terms, imports of yarn; of jute or of other textile bast fibres, singles soared to $18M in 2022. Over the period under review, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Bangladesh (8.8K tons)
2. Turkey (0.2K tons)

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

In 2022, exports of yarn; of jute or of other textile bast fibres, singles from Egypt declined notably to 6.8 tons, with a decrease of -50% compared with the previous year. In general, exports faced a sharp downturn.

In value terms, exports of yarn; of jute or of other textile bast fibres, singles contracted notably to $15K in 2022. Overall, exports saw a precipitous decline.

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

1. Germany (5.8 tons)
2. United Kingdom (1.0 tons)

Source: IndexBox Market Intelligence Platform