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

Contents:

1. Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in the Philippines (CIF) - 2022
2. Imports of Yarn; of Jute or of Other Textile Bast Fibres, Single in the Philippines

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

In 2022, the average import price for yarn; of jute or of other textile bast fibres, singles amounted to $1,411 per ton, surging by 5% against the previous year. In general, the import price posted a pronounced increase. The pace of growth appeared the most rapid in 2020 an increase of 79% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bangladesh ($1,420 per ton), while the price for China stood at $1,299 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+38.5%).

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

In 2022, the amount of yarn; of jute or of other textile bast fibres, singles imported into the Philippines soared to 17 tons, rising by 423% compared with 2021. In general, imports recorded a significant expansion. As a result, imports attained 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 skyrocketed to $23K in 2022. Overall, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Bangladesh (11.0 tons)
2. China (5.2 tons)

Source: IndexBox Market Intelligence Platform