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

Contents:

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

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

The average import price for yarn; of jute or of other textile bast fibres, singles stood at $1,750 per ton in 2022, declining by -37.6% against the previous year. In general, the import price recorded a mild curtailment. The pace of growth appeared the most rapid in 2019 when the average import price increased by 64%. Over the period under review, average import prices hit record highs at $2,988 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($1,773 per ton), while the price for the United Arab Emirates amounted to $1,750 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for yarn; of jute or of other textile bast fibres, singles stood at $11,854 per ton in 2022, which is down by -17.1% against the previous year. Overall, the export price, however, showed a significant expansion. The growth pace was the most rapid in 2020 when the average export price increased by 46%. The export price peaked at $14,299 per ton in 2021, and then declined significantly in the following year.

As there is only one major export destination, the average price level is determined by prices for Qatar.

From 2012 to 2022, the rate of growth in terms of prices for Qatar amounted to +24.3% per year.

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

In 2022, the amount of yarn; of jute or of other textile bast fibres, singles imported into Oman surged to 1.4 tons, growing by 428% against the previous year's figure. Over the period under review, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of yarn; of jute or of other textile bast fibres, singles soared to $2.5K in 2022. In general, imports continue to indicate a significant expansion. 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 Oman in 2022:

1. United Arab Emirates (1424.0 kg)
2. Malaysia (22.0 kg)

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

In 2022, shipments abroad of yarn; of jute or of other textile bast fibres, singles increased by 12% to 206 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a abrupt descent.

In value terms, exports of yarn; of jute or of other textile bast fibres, singles contracted to $2.4K in 2022. The total export value increased at an average annual rate of +8.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 17% against the previous year.

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

1. Qatar (206.0 kg)

Source: IndexBox Market Intelligence Platform