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

Contents:

1. Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Pakistan (CIF) - 2023
2. Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Pakistan (FOB) - 2022
3. Imports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Pakistan
4. Exports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Pakistan

Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Pakistan (CIF) - 2023

In June 2023, the average import price for yarn; of jute or of other textile bast fibres, singles amounted to $982 per ton, surging by 8.1% against the previous month. Overall, the import price, however, continues to indicate a perceptible slump. The pace of growth was the most pronounced in January 2023 an increase of 70% month-to-month. As a result, import price attained the peak level of $1,944 per ton. From February 2023 to June 2023, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Bangladesh.

From July 2022 to June 2023, the rate of growth in terms of prices for Bangladesh amounted to -4.1% per month.

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

The average export price for yarn; of jute or of other textile bast fibres, singles stood at $2,198 per ton in 2022, reducing by -27.1% against the previous year. Over the period under review, the export price, however, enjoyed a strong expansion. The growth pace was the most rapid in 2017 when the average export price increased by 167%. Over the period under review, the average export prices attained the maximum at $3,015 per ton in 2021, and then reduced markedly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +28.1% per year.

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

For the fourth year in a row, Pakistan recorded growth in purchases abroad of yarn; of jute or of other textile bast fibres, singles, which increased by 134% to 2.2K tons in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports attained 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 $3.1M in 2022. Overall, imports enjoyed significant growth. 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 Pakistan in 2022:

1. Bangladesh (2.2K tons)

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

In 2022, exports of yarn; of jute or of other textile bast fibres, singles from Pakistan skyrocketed to 420 kg, growing by 56% on 2021. In general, exports, however, recorded a significant decrease. The growth pace was the most rapid in 2020 when exports increased by 145% against the previous year. As a result, the exports attained the peak of 12 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of yarn; of jute or of other textile bast fibres, singles totaled $923 in 2022. Overall, exports, however, faced a precipitous shrinkage. The growth pace was the most rapid in 2020 when exports increased by 62%. As a result, the exports attained the peak of $16K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. United Arab Emirates (420.0 kg)

Source: IndexBox Market Intelligence Platform