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

Contents:

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

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

In 2022, the average import price for yarn; of jute or of other textile bast fibres, singles amounted to $1,308 per ton, picking up by 15% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.7% 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 +115.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 48%. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,489 per ton), while the price for Bangladesh stood at $1,301 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.0%).

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

The average export price for yarn; of jute or of other textile bast fibres, singles stood at $18,837 per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 an increase of 65% against the previous year. As a result, the export price reached the peak level of $18,918 per ton, leveling off in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to +12.0% per year.

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

In 2022, supplies from abroad of yarn; of jute or of other textile bast fibres, singles decreased by -33.7% to 228 tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a precipitous decrease. The growth pace was the most rapid in 2020 with an increase of 46%. As a result, imports attained the peak of 680 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 dropped notably to $298K in 2022. Overall, imports, however, posted mild growth. The pace of growth appeared the most rapid in 2020 with an increase of 86% against the previous year. As a result, imports attained the peak of $524K. 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 Sri Lanka in 2022:

1. Bangladesh (218.5 tons)
2. India (9.0 tons)

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

After two years of decline, shipments abroad of yarn; of jute or of other textile bast fibres, singles increased by 55% to 227 kg in 2022. Overall, exports, however, recorded a deep contraction.

In value terms, exports of yarn; of jute or of other textile bast fibres, singles surged to $4.3K in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Maldives (227.0 kg)

Source: IndexBox Market Intelligence Platform