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

Contents:

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

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

The average import price for yarn; of jute or of other textile bast fibres, singles stood at $1,962 per ton in 2022, shrinking by -8.6% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for yarn; of jute or of other textile bast fibres, singles increased by +65.3% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by 48% against the previous year. As a result, import price reached the peak level of $2,148 per ton, and then declined in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($2,781 per ton), while the price for Bangladesh totaled $1,946 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.2%), 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 Serbia (FOB) - 2022

The average export price for yarn; of jute or of other textile bast fibres, singles stood at $2,455 per ton in 2022, with an increase of 7.7% against the previous year. Over the period under review, export price indicated a remarkable increase from 2017 to 2022: its price increased at an average annual rate of +7.1% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for yarn; of jute or of other textile bast fibres, singles increased by +54.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 36%. The export price peaked in 2022 and is expected to retain growth in years to come.

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

From 2017 to 2022, the rate of growth in terms of prices for Romania amounted to +6.9% per year.

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

In 2022, the amount of yarn; of jute or of other textile bast fibres, singles imported into Serbia dropped markedly to 296 tons, which is down by -31.4% compared with 2021 figures. Overall, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2021 with an increase of 20%.

In value terms, imports of yarn; of jute or of other textile bast fibres, singles reduced sharply to $581K in 2022. In general, imports, however, recorded a tangible expansion. The most prominent rate of growth was recorded in 2021 with an increase of 78%. As a result, imports reached the peak of $927K, and then dropped markedly in the following year.

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

1. Bangladesh (291.0 tons)
2. Germany (5.3 tons)

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

In 2022, exports of yarn; of jute or of other textile bast fibres, singles from Serbia reduced rapidly to 615 kg, which is down by -76.3% compared with the previous year. In general, exports faced a sharp curtailment. The pace of growth was the most pronounced in 2021 with an increase of 420%.

In value terms, exports of yarn; of jute or of other textile bast fibres, singles shrank significantly to $1.5K in 2022. Overall, exports recorded a precipitous decline. The pace of growth appeared the most rapid in 2021 when exports increased by 606% against the previous year.

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

1. Slovenia (615.0 kg)

Source: IndexBox Market Intelligence Platform