Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in the United Arab Emirates - 2022

Contents:

1. Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in the United Arab Emirates (FOB) - 2022
2. Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in the United Arab Emirates (CIF) - 2022
3. Exports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in the United Arab Emirates
4. Imports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in the United Arab Emirates

Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in the United Arab Emirates (FOB) - 2022

The average export price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s stood at $5,565 per ton in 2022, approximately mirroring the previous year. In general, the export price enjoyed moderate growth. The growth pace was the most rapid in 2014 an increase of 8% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2022, the rate of growth in terms of prices for Angola amounted to +3.9% per year.

Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s amounted to $33,671 per ton, shrinking by -8.7% against the previous year. In general, the import price, however, continues to indicate a strong expansion. The growth pace was the most rapid in 2019 when the average import price increased by 67% against the previous year. The import price peaked at $36,897 per ton in 2021, and then reduced in the following year.

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 the United States ($37,393 per ton), while the price for Pakistan ($3,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+22.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in the United Arab Emirates

For the fourth year in a row, the United Arab Emirates recorded growth in shipments abroad of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s, which increased by 55% to 30 tons in 2022. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 55%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s skyrocketed to $167K in 2022. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 56% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) from the United Arab Emirates in 2022:

1. Saudi Arabia (29.9 tons)

Imports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in the United Arab Emirates

Imports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s into the United Arab Emirates reduced rapidly to 693 kg in 2022, with a decrease of -26.3% against the previous year. Over the period under review, imports saw a dramatic shrinkage.

In value terms, imports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s shrank dramatically to $23K in 2022. In general, imports showed a significant contraction.

Top Suppliers of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) to the United Arab Emirates in 2022:

1. United States (450.0 kg)
2. Uzbekistan (161.0 kg)
3. India (75.0 kg)

Source: IndexBox Market Intelligence Platform