Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Hong Kong SAR - 2022
Contents:
- Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Hong Kong SAR (FOB) - 2022
- Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Hong Kong SAR (CIF) - 2022
- Exports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Hong Kong SAR
- Imports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Hong Kong SAR
Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Hong Kong SAR (FOB) - 2022
The average export price for yarn; of jute or of other textile bast fibres, singles stood at $33,245 per ton in 2022, falling by -59.5% against the previous year. Over the period under review, the export price, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 280% against the previous year. As a result, the export price reached the peak level of $82,096 per ton, and then shrank dramatically in the following year.
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 Indonesia ($141,765 per ton), while the average price for exports to China totaled $2,100 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-8.7%).
Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for yarn; of jute or of other textile bast fibres, singles amounted to $2,449 per ton, approximately equating the previous year. In general, the import price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of 30% against the previous year. The import price peaked at $3,793 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
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 India ($9,600 per ton), while the price for Bangladesh ($1,192 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Hong Kong SAR
In 2022, exports of yarn; of jute or of other textile bast fibres, singles from Hong Kong SAR reduced sharply to 1.3 tons, with a decrease of -35.1% on the previous year's figure. Over the period under review, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by 104% against the previous year. As a result, the exports attained the peak of 2 tons, and then reduced sharply in the following year.
In value terms, exports of yarn; of jute or of other textile bast fibres, singles plummeted to $44K in 2022. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 675%. As a result, the exports reached the peak of $168K, and then declined significantly in the following year.
| Export of Yarn; of Jute or of Other Textile Bast Fibres, Single in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 11.1 | 18.9 | 165 | 41.5 | 55.2% |
| China | 2.3 | 2.4 | 2.5 | 2.2 | -1.5% |
| United States | 1.5 | 0.4 | N/A | N/A | -73.3% |
| Others | 3.0 | N/A | 0.3 | 0.4 | -48.9% |
| Total | 18.0 | 21.7 | 168 | 44.1 | 34.8% |
Top Export Markets for Yarn; of Jute or of Other Textile Bast Fibres, Single from Hong Kong SAR in 2022:
- China (1032.0 kg)
- Indonesia (293.0 kg)
Imports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Hong Kong SAR
Imports of yarn; of jute or of other textile bast fibres, singles into Hong Kong SAR declined significantly to 700 kg in 2022, falling by -58.1% compared with 2021 figures. Overall, imports faced a precipitous curtailment. The smallest decline of -33.4% was in 2021.
In value terms, imports of yarn; of jute or of other textile bast fibres, singles reduced sharply to $1.7K in 2022. Over the period under review, imports continue to indicate a dramatic setback. The smallest decline of -34.5% was in 2021.
| Import of Yarn; of Jute or of Other Textile Bast Fibres, Single in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 5.0 | 1.9 | 1.2 | 0.4 | -56.9% |
| Italy | 1.5 | 0.6 | 0.4 | 0.1 | -59.5% |
| Taiwan (Chinese) | 0.7 | 0.3 | 0.2 | 0.1 | -47.7% |
| China | 10.0 | 0.9 | 0.3 | 0.1 | -78.5% |
| Ireland | N/A | N/A | N/A | 0.1 | 0% |
| Others | 13.6 | 2.6 | 2.0 | 0.9 | -59.6% |
| Total | 30.8 | 6.2 | 4.1 | 1.7 | -61.9% |
Top Suppliers of Yarn; of Jute or of Other Textile Bast Fibres, Single to Hong Kong SAR in 2022:
- Bangladesh (343.0 kg)
- Italy (65.0 kg)
- Ireland (54.0 kg)
- China (52.0 kg)
- Taiwan (Chinese) (39.0 kg)
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