Yarn; of Coir Price in Austria - 2023

Contents:

1. Yarn; of Coir Price in Austria (CIF) - 2022
2. Yarn; of Coir Price in Austria (FOB) - 2022
3. Yarn; of Coir Imports in Austria
4. Yarn; of Coir Exports in Austria

Yarn; of Coir Price in Austria (CIF) - 2022

In 2022, the average yarn; of coir import price amounted to $2,549 per ton, surging by 21% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2017 when the average import price increased by 34% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($6,061 per ton), while the price for the Netherlands ($1,664 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Yarn; of Coir Price in Austria (FOB) - 2022

In 2022, the average yarn; of coir export price amounted to $8,734 per ton, with an increase of 3.3% against the previous year. Over the period under review, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 35%. Over the period under review, the average export prices reached the maximum at $9,017 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($8,855 per ton), while the average price for exports to Switzerland stood at $6,570 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.4%).

Yarn; of Coir Imports in Austria

In 2022, purchases abroad of yarn; of coirs decreased by -57.5% to 147 tons, falling for the second consecutive year after two years of growth. Overall, imports faced a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 0.9% against the previous year. As a result, imports reached the peak of 384 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, yarn; of coir imports contracted markedly to $376K in 2022. In general, imports faced a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 4.8% against the previous year. As a result, imports attained the peak of $762K. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Yarn; of Coir to Austria in 2022:

1. Netherlands (72.3 tons)
2. Hungary (43.9 tons)
3. India (15.3 tons)
4. Vietnam (6.4 tons)
5. Sri Lanka (5.8 tons)
6. Germany (3.5 tons)

Yarn; of Coir Exports in Austria

For the fourth consecutive year, Austria recorded growth in overseas shipments of yarn; of coirs, which increased by 15% to 26 tons in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.8% 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 +47.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 18% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, yarn; of coir exports soared to $226K in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.9% 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 +85.7% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 41% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Top Export Markets for Yarn; of Coir from Austria in 2022:

1. Germany (23.6 tons)
2. Switzerland (1.6 tons)

Source: IndexBox Market Intelligence Platform