Yarn; of Coir Price in the UK - 2023

Contents:

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

Yarn; of Coir Price in the UK (CIF) - 2022

In 2022, the average yarn; of coir import price amounted to $2,384 per ton, with an increase of 18% against the previous year. Over the period under review, the import price showed a temperate expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 68% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($2,739 per ton), while the price for Sri Lanka stood at $1,835 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+0.8%).

Yarn; of Coir Price in the UK (FOB) - 2022

The average yarn; of coir export price stood at $28,729 per ton in 2022, rising by 481% against the previous year. Over the period under review, the export price posted resilient growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 550%. As a result, the export price attained the peak level of $69,256 per ton. From 2014 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 Spain ($45,513 per ton), while the average price for exports to France ($15,995 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 Spain (+1,191.5%), while the prices for the other major destinations experienced mixed trend patterns.

Yarn; of Coir Imports in the UK

In 2022, approx. 178 tons of yarn; of coirs were imported into the UK; dropping by -47.6% against 2021. Overall, imports faced a dramatic downturn. The smallest decline of -10.6% was in 2020.

In value terms, yarn; of coir imports declined remarkably to $424K in 2022. In general, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 12%.

Top Suppliers of Yarn; of Coir to the UK in 2022:

1. India (105.3 tons)
2. Sri Lanka (70.2 tons)
3. China (2.4 tons)

Yarn; of Coir Exports in the UK

In 2022, approx. 931 kg of yarn; of coirs were exported from the UK; remaining relatively unchanged against 2021 figures. Overall, exports showed a pronounced reduction. The pace of growth was the most pronounced in 2021 when exports increased by 268%.

In value terms, yarn; of coir exports surged to $27K in 2022. Over the period under review, exports, however, showed 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 Coir from the UK in 2022:

1. France (383.0 kg)
2. United States (295.0 kg)
3. Switzerland (214.0 kg)
4. Spain (39.0 kg)

Source: IndexBox Market Intelligence Platform