Yarn; of Coir Price in Brazil - 2023

Contents:

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

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

In 2022, the average yarn; of coir import price amounted to $2,142 per ton, surging by 13% against the previous year. In general, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, yarn; of coir import price increased by +24.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 41%. The import price peaked in 2022 and is likely to continue growth in years to come.

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 Sri Lanka ($2,381 per ton), while the price for India amounted to $1,304 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+6.1%).

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

The average yarn; of coir export price stood at $1,862 per ton in 2022, picking up by 139% against the previous year. In general, the export price, however, continues to indicate a abrupt setback. Over the period under review, the average export prices attained the peak figure at $16,712 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Bolivia ($6,565 per ton), while the average price for exports to the United States ($1,000 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 Bolivia (+2.9%), while the prices for the other major destinations experienced a decline.

Yarn; of Coir Imports in Brazil

In 2022, purchases abroad of yarn; of coirs was finally on the rise to reach 60 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a deep slump.

In value terms, yarn; of coir imports skyrocketed to $128K in 2022. Over the period under review, imports recorded moderate growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Sri Lanka (38.6 tons)
2. India (20.2 tons)

Yarn; of Coir Exports in Brazil

In 2022, after two years of growth, there was significant decline in shipments abroad of yarn; of coirs, when their volume decreased by -7.5% to 13 tons. Overall, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 4,613% against the previous year. As a result, the exports reached the peak of 14 tons, and then dropped in the following year.

In value terms, yarn; of coir exports soared to $24K in 2022. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 170%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

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

1. United States (undefined tons)
2. Paraguay (11.0 tons)
3. Bolivia (1.7 tons)

Source: IndexBox Market Intelligence Platform