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

Contents:

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

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

In December 2022, the average import price for yarn; of jute or of other textile bast fibres, singles amounted to $1,117 per ton, growing by 4.3% against the previous month. Overall, the import price, however, continues to indicate a slight descent. The pace of growth was the most pronounced in May 2022 an increase of 7.8% month-to-month. As a result, import price reached the peak level of $1,415 per ton. From June 2022 to December 2022, the average import prices remained at a lower figure.

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

From December 2021 to December 2022, the rate of growth in terms of prices for Bangladesh amounted to -1.2% per month.

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

In 2022, the average export price for yarn; of jute or of other textile bast fibres, singles amounted to $1,447 per ton, rising by 19% against the previous year. Over the period under review, the export price, however, recorded a mild shrinkage. The export price peaked at $1,632 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 Indonesia.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to -1.2% per year.

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

In 2022, approx. 3.8K tons of yarn; of jute or of other textile bast fibres, singles were imported into Vietnam; growing by 76% against 2021. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 soared to $4.9M in 2022. Overall, imports recorded 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 Vietnam in 2022:

1. Bangladesh (3.8K tons)

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

In 2022, exports of yarn; of jute or of other textile bast fibres, singles from Vietnam dropped to 509 tons, reducing by -9.4% against the previous year. In general, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 11% against the previous year.

In value terms, exports of yarn; of jute or of other textile bast fibres, singles expanded remarkably to $736K in 2022. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 28% against the previous year.

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

1. Indonesia (508.8 tons)

Source: IndexBox Market Intelligence Platform