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

Contents:

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

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

The average import price for yarn; of jute or of other textile bast fibres, singles stood at $4,353 per ton in 2022, declining by -8.6% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.1% 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 +49.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 63%. As a result, import price attained the peak level of $4,761 per ton, and then declined in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($4,385 per ton), while the price for China amounted to $4,181 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.1%), while the prices for the other major suppliers experienced a decline.

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

In 2022, purchases abroad of yarn; of jute or of other textile bast fibres, singles decreased by -49.5% to 3.3 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 167% against the previous year. As a result, imports reached the peak of 6.4 tons, and then fell significantly in the following year.

In value terms, imports of yarn; of jute or of other textile bast fibres, singles contracted rapidly to $14K in 2022. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 335%. As a result, imports reached the peak of $31K, and then declined remarkably in the following year.

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

1. India (2.7 tons)
2. China (0.5 tons)

Source: IndexBox Market Intelligence Platform