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

Contents:

1. Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Italy (FOB) - 2024
2. Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Italy (CIF) - 2024
3. Exports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Italy
4. Imports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Italy

Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Italy (FOB) - 2024

The average export price for yarn of other vegetable textile fibres; paper yarns stood at $2,110 per ton in March 2024, growing by 2.1% against the previous month. Over the period under review, the export price, however, recorded a mild curtailment. The most prominent rate of growth was recorded in October 2023 when the average export price increased by 8.2% against the previous month. The export price peaked at $2,715 per ton in April 2023; however, from May 2023 to March 2024, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In March 2024, the countries with the highest prices were Australia ($2,272 per ton) and Chile ($2,262 per ton), while the average price for exports to the United Arab Emirates ($1,749 per ton) and Colombia ($1,790 per ton) were amongst the lowest.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+26.1%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Italy (CIF) - 2024

The average import price for yarn of other vegetable textile fibres; paper yarns stood at $7,377 per ton in March 2024, increasing by 154% against the previous month. Over the period under review, the import price posted a buoyant expansion. The pace of growth appeared the most rapid in June 2023 an increase of 289% month-to-month. As a result, import price reached the peak level of $11,074 per ton. From July 2023 to March 2024, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Taiwan (Chinese) ($31,190 per ton), while the price for Sri Lanka ($1,182 per ton) was amongst the lowest.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Turkey (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, shipments abroad of yarn of other vegetable textile fibres; paper yarns decreased by -12.5% to 7.8K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +7.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 26% against the previous year. As a result, the exports reached the peak of 8.9K tons, and then shrank in the following year.

In value terms, exports of yarn of other vegetable textile fibres; paper yarns totaled $19M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 38% against the previous year. Over the period under review, the exports of attained 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 Italy in 2022:

1. Chile (900.2 tons)
2. Turkey (766.5 tons)
3. Slovenia (749.6 tons)
4. Spain (712.7 tons)
5. Poland (675.1 tons)
6. Portugal (533.6 tons)
7. Colombia (459.8 tons)
8. Germany (334.6 tons)
9. United Arab Emirates (306.8 tons)
10. Croatia (262.4 tons)
11. France (221.5 tons)
12. Slovakia (182.0 tons)
13. Bulgaria (177.1 tons)

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

In 2022, imports of yarn of other vegetable textile fibres; paper yarns into Italy soared to 2.3K tons, jumping by 33% against 2021. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 76%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, imports of yarn of other vegetable textile fibres; paper yarns soared to $8.9M in 2022. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 78%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. India (1095.1 tons)
2. Greece (541.3 tons)
3. China (269.3 tons)
4. Spain (133.1 tons)
5. Tanzania (94.8 tons)
6. Brazil (50.1 tons)
7. Tunisia (46.6 tons)
8. Indonesia (33.2 tons)

Source: IndexBox Market Intelligence Platform