Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Ethiopia - 2022

Contents:

1. Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Ethiopia (CIF) - 2022
2. Imports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Ethiopia

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

The average import price for yarn; of jute or of other textile bast fibres, singles stood at $1,274 per ton in 2022, approximately mirroring the previous year. Over the period under review, the import price saw prominent growth. The growth pace was the most rapid in 2019 when the average import price increased by 135% against the previous year. As a result, import price reached the peak level of $2,843 per ton. From 2020 to 2022, the average import prices remained at a lower figure.

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 India ($2,000 per ton), while the price for China ($1,272 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, supplies from abroad of yarn; of jute or of other textile bast fibres, singles decreased by 0% to 46 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 2,657% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of yarn; of jute or of other textile bast fibres, singles totaled $58K in 2022. In general, imports showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 2,186%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in years to come.

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

1. Bangladesh (44.5 tons)
2. China (1.1 tons)

Source: IndexBox Market Intelligence Platform