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

Contents:

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

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

In 2022, the average import price for yarn; of jute or of other textile bast fibres, singles amounted to $1,424 per ton, remaining constant against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 +113.3% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 95% against the previous year. The import price peaked at $1,631 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($647 per ton), while the price for Bangladesh totaled $529 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-6.4%).

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

In 2022, the amount of yarn; of jute or of other textile bast fibres, singles imported into Kuwait skyrocketed to 22 tons, picking up by 69% on the previous year's figure. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 441% against the previous year. As a result, imports attained the peak of 51 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of yarn; of jute or of other textile bast fibres, singles skyrocketed to $31K in 2022. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 259%. As a result, imports reached the peak of $44K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. India (18.8 tons)
2. Bangladesh (2.9 tons)

Source: IndexBox Market Intelligence Platform