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

Contents:

1. Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in the UK (CIF) - 2024
2. Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in the UK (FOB) - 2022
3. Imports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in the UK
4. Exports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in the UK

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

The average import price for yarn of other vegetable textile fibres; paper yarns stood at $2,164 per ton in March 2024, declining by -2.9% against the previous month. Over the period under review, the import price showed a slight curtailment. The pace of growth was the most pronounced in December 2023 when the average import price increased by 73% against the previous month. The import price peaked at $3,353 per ton in September 2023; however, from October 2023 to March 2024, import prices remained at a 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 Germany ($8,904 per ton), while the price for Spain ($1,858 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 Germany (+18.5%), 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 the UK (FOB) - 2022

The average export price for yarn of other vegetable textile fibres; paper yarns stood at $8,365 per ton in 2022, which is down by -8.7% against the previous year. Overall, the export price, however, posted a resilient increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 695%. As a result, the export price attained the peak level of $11,512 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($32,827 per ton), while the average price for exports to Romania ($3,412 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 Cuba (+18.2%), 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 the UK

In 2022, after three years of growth, there was significant decline in overseas purchases of yarn of other vegetable textile fibres; paper yarns, when their volume decreased by -12.3% to 1K tons. The total import volume increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, imports reached the peak of 1.1K tons, and then reduced in the following year.

In value terms, imports of yarn of other vegetable textile fibres; paper yarns contracted slightly to $2.9M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.0% 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 +52.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. As a result, imports reached the peak of $3M, and then contracted slightly in the following year.

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

1. Italy (572.3 tons)
2. Spain (191.5 tons)
3. India (137.9 tons)
4. Sri Lanka (69.8 tons)
5. China (13.5 tons)

Exports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in the UK

In 2022, exports of yarn of other vegetable textile fibres; paper yarns from the UK shrank to 48 tons, reducing by -9.8% compared with 2021 figures. Overall, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 520% against the previous year. As a result, the exports reached the peak of 53 tons, and then contracted in the following year.

In value terms, exports of yarn of other vegetable textile fibres; paper yarns dropped sharply to $400K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 419% against the previous year. As a result, the exports attained the peak of $485K, and then fell rapidly in the following year.

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

1. Netherlands (24.0 tons)
2. Romania (5.4 tons)
3. Sweden (3.6 tons)
4. Israel (2.7 tons)
5. Germany (2.0 tons)
6. Australia (1.6 tons)
7. Finland (1.5 tons)
8. Spain (1.4 tons)
9. Taiwan (Chinese) (1.3 tons)
10. France (0.8 tons)
11. United States (0.8 tons)
12. Ireland (0.2 tons)
13. South Korea (0.2 tons)

Source: IndexBox Market Intelligence Platform