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

Contents:

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

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

The average import price for yarn; of jute or of other textile bast fibres, singles stood at $3,057 per ton in 2022, increasing by 25% against the previous year. Overall, the import price showed resilient growth. The growth pace was the most rapid in 2021 when the average import price increased by 45%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($7,840 per ton), while the price for Egypt ($1,601 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for yarn; of jute or of other textile bast fibres, singles amounted to $7,555 per ton, increasing by 19% against the previous year. Overall, the export price posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 134% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($14,243 per ton), while the average price for exports to Ireland ($4,113 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+140.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

For the third consecutive year, the UK recorded decline in purchases abroad of yarn; of jute or of other textile bast fibres, singles, which decreased by -27.4% to 64 tons in 2022. Over the period under review, imports faced a precipitous decrease.

In value terms, imports of yarn; of jute or of other textile bast fibres, singles contracted to $196K in 2022. In general, imports showed a sharp setback.

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

1. Bangladesh (50.0 tons)
2. China (8.6 tons)
3. Egypt (2.2 tons)
4. India (1.9 tons)
5. Italy (1.0 tons)

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

In 2022, overseas shipments of yarn; of jute or of other textile bast fibres, singles decreased by -35.4% to 4 tons, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate a notable increase. The most prominent rate of growth was recorded in 2020 with an increase of 447% against the previous year. As a result, the exports reached the peak of 20 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of yarn; of jute or of other textile bast fibres, singles reduced sharply to $30K in 2022. Overall, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 453%. As a result, the exports reached the peak of $53K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Ireland (1825.0 kg)
2. Germany (1195.0 kg)
3. United States (792.0 kg)
4. Israel (185.0 kg)

Source: IndexBox Market Intelligence Platform