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

Contents:

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

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

The average import price for yarn; of jute or of other textile bast fibres, singles stood at $1,603 per ton in 2022, reducing by -18.9% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 244%. As a result, import price attained the peak level of $3,523 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($1,941 per ton) and China ($1,728 per ton), while the price for India ($1,458 per ton) and Turkey ($1,592 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for yarn; of jute or of other textile bast fibres, singles amounted to $2,672 per ton, declining by -5.2% against the previous year. Overall, the export price faced a deep slump. The most prominent rate of growth was recorded in 2017 an increase of 978% against the previous year. Over the period under review, the average export prices hit record highs at $16,667 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to -1.6% per year.

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

In 2022, approx. 2.2K tons of yarn; of jute or of other textile bast fibres, singles were imported into Russia; jumping by 207% on the year before. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 747% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of yarn; of jute or of other textile bast fibres, singles skyrocketed to $3.5M in 2022. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 727% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

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

1. Turkey (1949.7 tons)
2. China (151.5 tons)
3. India (51.5 tons)
4. Belgium (29.1 tons)

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

In 2022, exports of yarn; of jute or of other textile bast fibres, singles from Russia contracted remarkably to 125 kg, which is down by -99.6% against 2021. Over the period under review, exports faced a significant curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 12,863%. As a result, the exports attained the peak of 31 tons, and then dropped dramatically in the following year.

In value terms, exports of yarn; of jute or of other textile bast fibres, singles fell notably to $334 in 2022. Overall, exports continue to indicate a dramatic setback. The pace of growth appeared the most rapid in 2021 with an increase of 7,468%. As a result, the exports attained the peak of $87K, and then shrank markedly in the following year.

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

1. Kazakhstan (125.0 kg)

Source: IndexBox Market Intelligence Platform