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

Contents:

1. Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Iraq (CIF) - 2022
2. Imports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Iraq

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

The average import price for yarn; of jute or of other textile bast fibres, singles stood at $1,853 per ton in 2022, falling by -6.2% against the previous year. Over the period under review, the import price continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 when the average import price increased by 117%. Over the period under review, average import prices attained the peak figure at $2,377 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($2,006 per ton), while the price for India totaled $673 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+79.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, purchases abroad of yarn; of jute or of other textile bast fibres, singles decreased by -12% to 88 tons, falling for the second consecutive year after two years of growth. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +12.4% 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 decreased by -22.5% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 84% against the previous year. As a result, imports reached the peak of 113 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of yarn; of jute or of other textile bast fibres, singles fell dramatically to $162K in 2022. In general, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 298%. As a result, imports attained the peak of $238K. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. Turkey (77.6 tons)
2. India (10.1 tons)

Source: IndexBox Market Intelligence Platform