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

Contents:

1. Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Morocco (CIF) - 2023
2. Imports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Morocco

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

In June 2023, the average import price for yarn; of jute or of other textile bast fibres, singles amounted to $1,281 per ton, increasing by 20% against the previous month. Over the period under review, the import price, however, showed a noticeable slump. The most prominent rate of growth was recorded in April 2023 an increase of 99% against the previous month. As a result, import price attained the peak level of $2,660 per ton. From May 2023 to June 2023, the average import prices remained at a lower figure.

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

From June 2022 to June 2023, the rate of growth in terms of prices for Bangladesh amounted to -2.0% per month.

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

In 2022, approx. 2.4K tons of yarn; of jute or of other textile bast fibres, singles were imported into Morocco; with an increase of 59% compared with the previous year. In general, imports saw significant growth. As a result, imports reached 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 soared to $4.5M in 2022. Over the period under review, imports saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 108% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

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

1. Bangladesh (2306.2 tons)
2. India (129.9 tons)

Source: IndexBox Market Intelligence Platform