Yarn; of Coir Price in Portugal - 2023

Contents:

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

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

In 2022, the average yarn; of coir import price amounted to $1,127 per ton, declining by -12.9% against the previous year. Over the period under review, the import price, however, recorded a modest increase. The pace of growth was the most pronounced in 2016 an increase of 312%. As a result, import price attained the peak level of $2,941 per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($4,517 per ton), while the price for Spain ($853 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average yarn; of coir export price amounted to $3,457 per ton, growing by 84% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.7% 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 export price increased by +149.8% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($4,125 per ton), while the average price for exports to Angola ($1,185 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 Belgium (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Yarn; of Coir Imports in Portugal

In 2022, supplies from abroad of yarn; of coirs decreased by -46.3% to 65 tons, falling for the second year in a row after two years of growth. In general, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 131%. As a result, imports attained the peak of 169 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, yarn; of coir imports reduced notably to $73K in 2022. Overall, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 59%.

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

1. Spain (57.4 tons)
2. India (6.6 tons)
3. Netherlands (1.1 tons)

Yarn; of Coir Exports in Portugal

In 2022, overseas shipments of yarn; of coirs decreased by -59.4% to 9.9 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed resilient growth. The growth pace was the most rapid in 2020 when exports increased by 163%.

In value terms, yarn; of coir exports dropped significantly to $34K in 2022. Over the period under review, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 116%. As a result, the exports attained the peak of $46K, and then dropped rapidly in the following year.

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

1. Angola (undefined tons)
2. Germany (8.3 tons)
3. Spain (0.8 tons)
4. France (0.5 tons)
5. Belgium (0.1 tons)

Source: IndexBox Market Intelligence Platform