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

Contents:

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

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

In 2022, the average import price for yarn; of jute or of other textile bast fibres, singles amounted to $1,470 per ton, reducing by -9.5% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.5% 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 +48.3% against 2018 indices. The pace of growth was the most pronounced in 2021 an increase of 40%. As a result, import price attained the peak level of $1,625 per ton, and then contracted in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Bangladesh amounted to +2.5% per year.

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

The average export price for yarn; of jute or of other textile bast fibres, singles stood at $2,484 per ton in 2022, which is down by -93.2% against the previous year. Overall, the export price continues to indicate a precipitous shrinkage. The growth pace was the most rapid in 2021 an increase of 99% against the previous year. As a result, the export price attained the peak level of $36,273 per ton, and then fell dramatically in the following year.

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

From 2016 to 2022, the rate of growth in terms of prices for China amounted to +48.5% per year.

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

In 2022, approx. 838 tons of yarn; of jute or of other textile bast fibres, singles were imported into South Korea; leveling off at 2021 figures. In general, imports showed a abrupt shrinkage.

In value terms, imports of yarn; of jute or of other textile bast fibres, singles contracted to $1.2M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 26% against the previous year. As a result, imports attained the peak of $1.4M, and then contracted in the following year.

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

1. Bangladesh (835.9 tons)

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

In 2022, the amount of yarn; of jute or of other textile bast fibres, singles exported from South Korea surged to 6.6 tons, picking up by 615% on the previous year. In general, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of yarn; of jute or of other textile bast fibres, singles reduced markedly to $16K in 2022. Over the period under review, exports, however, showed a dramatic descent. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. As a result, the exports reached the peak of $34K, and then reduced notably in the following year.

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

1. Senegal (6.6 tons)

Source: IndexBox Market Intelligence Platform