Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in India - 2023

Contents:

1. Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in India (CIF) - 2023
2. Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in India (FOB) - 2022
3. Imports of Yarn; of Jute or of Other Textile Bast Fibres, Single in India
4. Exports of Yarn; of Jute or of Other Textile Bast Fibres, Single in India

Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in India (CIF) - 2023

In October 2023, the average import price for yarn; of jute or of other textile bast fibres, singles amounted to $797 per ton, declining by -4.4% against the previous month. Over the period under review, the import price continues to indicate a slight contraction. The pace of growth appeared the most rapid in January 2023 an increase of 6.1% m-o-m. The import price peaked at $956 per ton in November 2022; however, from December 2022 to October 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Bangladesh.

From November 2022 to October 2023, the rate of growth in terms of prices for Bangladesh amounted to -1.6% per month.

Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in India (FOB) - 2022

The average export price for yarn; of jute or of other textile bast fibres, singles stood at $1,464 per ton in 2022, waning by -20.2% against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 an increase of 36%. Over the period under review, the average export prices reached the maximum at $1,834 per ton in 2021, and then dropped markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($3,162 per ton), while the average price for exports to Thailand ($1,079 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 Germany (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Yarn; of Jute or of Other Textile Bast Fibres, Single in India

In 2022, approx. 32K tons of yarn; of jute or of other textile bast fibres, singles were imported into India; jumping by 49% on the year before. In general, total imports indicated mild growth from 2019 to 2022: its volume increased at an average annual rate of +1.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of yarn; of jute or of other textile bast fibres, singles skyrocketed to $36M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Yarn; of Jute or of Other Textile Bast Fibres, Single to India in 2022:

1. Bangladesh (31.7K tons)

Exports of Yarn; of Jute or of Other Textile Bast Fibres, Single in India

Exports of yarn; of jute or of other textile bast fibres, singles from India soared to 2.1K tons in 2022, growing by 114% compared with the previous year's figure. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of yarn; of jute or of other textile bast fibres, singles soared to $3.1M in 2022. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 102% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Yarn; of Jute or of Other Textile Bast Fibres, Single from India in 2022:

1. Algeria (958.5 tons)
2. Belgium (329.6 tons)
3. El Salvador (100.1 tons)
4. Canada (73.2 tons)
5. Japan (65.7 tons)
6. Thailand (60.3 tons)
7. Germany (59.7 tons)
8. Lebanon (54.0 tons)
9. Morocco (51.9 tons)
10. Russia (51.5 tons)
11. South Korea (47.6 tons)
12. Qatar (46.8 tons)
13. Malaysia (9.8 tons)

Source: IndexBox Market Intelligence Platform