Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Belgium - 2024

Contents:

1. Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Belgium (CIF) - 2022
2. Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Belgium (FOB) - 2022
3. Imports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Belgium
4. Exports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Belgium

Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Belgium (CIF) - 2022

In 2022, the average import price for yarn of other vegetable textile fibres; paper yarns amounted to $4,789 per ton, remaining stable against the previous year. In general, the import price recorded a strong increase. The pace of growth was the most pronounced in 2015 when the average import price increased by 63% against the previous year. Over the period under review, average import prices attained the peak figure at $5,410 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($13,322 per ton), while the price for India ($2,512 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Belgium (FOB) - 2022

The average export price for yarn of other vegetable textile fibres; paper yarns stood at $6,268 per ton in 2022, with an increase of 82% against the previous year. In general, the export price recorded a buoyant increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 103% against the previous year. Over the period under review, the average export prices attained the peak figure at $8,767 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($17,514 per ton), while the average price for exports to France ($2,872 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 Portugal (+169.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Belgium

In 2022, after three years of growth, there was decline in overseas purchases of yarn of other vegetable textile fibres; paper yarns, when their volume decreased by -4% to 204 tons. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +23.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.0% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 85% against the previous year.

In value terms, imports of yarn of other vegetable textile fibres; paper yarns dropped to $979K in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 59%. As a result, imports reached the peak of $1M, and then reduced slightly in the following year.

Top Suppliers of Yarn of Other Vegetable Textile Fibres; Paper Yarn to Belgium in 2022:

1. India (113.9 tons)
2. Sri Lanka (23.9 tons)
3. China (21.2 tons)
4. Germany (21.1 tons)
5. Italy (16.3 tons)
6. Netherlands (5.3 tons)

Exports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Belgium

For the fourth consecutive year, Belgium recorded growth in overseas shipments of yarn of other vegetable textile fibres; paper yarns, which increased by 14% to 154 tons in 2022. Overall, exports posted significant growth. The growth pace was the most rapid in 2020 when exports increased by 1,058% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of yarn of other vegetable textile fibres; paper yarns soared to $966K in 2022. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 446%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

Top Export Markets for Yarn of Other Vegetable Textile Fibres; Paper Yarn from Belgium in 2022:

1. Germany (110.6 tons)
2. Portugal (28.9 tons)
3. United Kingdom (5.5 tons)
4. France (5.4 tons)
5. Guatemala (1.1 tons)

Source: IndexBox Market Intelligence Platform