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

Contents:

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

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

In 2022, the average import price for yarn; of jute or of other textile bast fibres, singles amounted to $144 per ton, dropping by -20.5% against the previous year. In general, the import price showed a significant curtailment. The pace of growth appeared the most rapid in 2018 when the average import price decreased by -20.3%. The import price peaked at $2,004 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -23.1% per year.

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

For the fourth year in a row, Venezuela recorded growth in supplies from abroad of yarn; of jute or of other textile bast fibres, singles, which increased by 20% to 1.9 tons in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2019 indices. 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 reduced to $273 in 2022. In general, imports, however, continue to indicate a perceptible reduction. The smallest decline of -4.5% was in 2020.

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

1. United States (1.9 tons)

Source: IndexBox Market Intelligence Platform