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

Contents:

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

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

In 2022, the average import price for yarn; of jute or of other textile bast fibres, singles amounted to $922 per ton, picking up by 33% against the previous year. Over the period from 2014 to 2022, it increased at an average annual rate of +2.0%. Over the period under review, average import prices reached the peak figure at $928 per ton in 2016; however, from 2017 to 2022, 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 2014 to 2022, the rate of growth in terms of prices for India amounted to +19.7% per year.

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

The average export price for yarn; of jute or of other textile bast fibres, singles stood at $1,000 per ton in 2022, standing approx. at the previous year. Overall, the export price enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 a decrease of 99.9% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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

From 2020 to 2022, the rate of growth in terms of prices for Pakistan amounted to 0.0% per year.

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

In 2022, overseas purchases of yarn; of jute or of other textile bast fibres, singles decreased by -78.9% to 50 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a sharp contraction. The growth pace was the most rapid in 2020 with an increase of 59% against the previous year. As a result, imports reached the peak of 606 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of yarn; of jute or of other textile bast fibres, singles contracted remarkably to $46K in 2022. Overall, imports saw a precipitous descent. The most prominent rate of growth was recorded in 2020 with an increase of 71% against the previous year. As a result, imports attained the peak of $423K. From 2021 to 2022, the growth of imports of failed to regain momentum.

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

1. Bangladesh (50.0 tons)

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

In 2022, the amount of yarn; of jute or of other textile bast fibres, singles exported from Myanmar totaled 300 kg, remaining stable against 2021 figures. In general, exports recorded a sharp downturn. The smallest decline of 99.9% was in 2021.

In value terms, exports of yarn; of jute or of other textile bast fibres, singles totaled $300 in 2022. Overall, exports showed a significant decrease. The smallest decline of 99.9% was in 2021.

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

1. China (300.0 kg)

Source: IndexBox Market Intelligence Platform