Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Vietnam - 2022

Contents:

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

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

The average import price for yarn of other vegetable textile fibres; paper yarns stood at $5,044 per ton in December 2022, increasing by 16% against the previous month. Over the period under review, import price indicated modest growth from January 2022 to December 2022: its price increased at an average monthly rate of +1.3% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, import price for yarn of other vegetable textile fibres; paper yarns increased by +47.7% against October 2022 indices. The most prominent rate of growth was recorded in April 2022 when the average import price increased by 52% month-to-month. As a result, import price attained the peak level of $5,839 per ton. From May 2022 to December 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Hong Kong SAR ($23,933 per ton), while the price for Spain ($2,099 per ton) was amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+22.6%), 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 Vietnam (FOB) - 2022

In 2022, the average export price for yarn of other vegetable textile fibres; paper yarns amounted to $2,709 per ton, surging by 112% against the previous year. Over the period under review, the export price, however, showed a abrupt contraction. The export price peaked at $6,401 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($5,419 per ton), while the average price for exports to Russia ($300 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 China (+6.2%), while the prices for the other major destinations experienced a decline.

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

In 2022, supplies from abroad of yarn of other vegetable textile fibres; paper yarns decreased by -17.9% to 1K tons, falling for the second consecutive year after two years of growth. In general, imports saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 14% against the previous year. As a result, imports reached the peak of 1.3K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of yarn of other vegetable textile fibres; paper yarns shrank slightly to $4.3M in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 12% against the previous year. As a result, imports attained the peak of $4.9M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. China (850.6 tons)
2. Spain (79.1 tons)
3. Japan (41.4 tons)
4. Hong Kong SAR (38.2 tons)

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

In 2022, approx. 1.5K tons of yarn of other vegetable textile fibres; paper yarns were exported from Vietnam; surging by 116% compared with the previous year's figure. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 417% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of yarn of other vegetable textile fibres; paper yarns soared to $4.2M in 2022. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. China (600.8 tons)
2. Japan (582.5 tons)
3. Russia (234.7 tons)
4. South Korea (122.8 tons)

Source: IndexBox Market Intelligence Platform