Yarn; of Coir Price in Canada - 2023

Contents:

1. Yarn; of Coir Price in Canada (CIF) - 2022
2. Yarn; of Coir Price in Canada (FOB) - 2022
3. Yarn; of Coir Imports in Canada
4. Yarn; of Coir Exports in Canada

Yarn; of Coir Price in Canada (CIF) - 2022

The average yarn; of coir import price stood at $1,423 per ton in 2022, growing by 45% against the previous year. Over the period under review, the import price, however, showed a abrupt setback. Over the period under review, average import prices hit record highs at $2,573 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,681 per ton), while the price for Sri Lanka ($1,294 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.2%), while the prices for the other major suppliers experienced a decline.

Yarn; of Coir Price in Canada (FOB) - 2022

The average yarn; of coir export price stood at $4,052 per ton in 2022, jumping by 55% against the previous year. Overall, the export price showed a notable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($4,680 per ton), while the average price for exports to the UK totaled $2,339 per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+19.9%).

Yarn; of Coir Imports in Canada

In 2022, purchases abroad of yarn; of coirs decreased by -56.8% to 93 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports saw a deep contraction. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year. As a result, imports attained the peak of 216 tons, and then fell remarkably in the following year.

In value terms, yarn; of coir imports declined significantly to $133K in 2022. Over the period under review, imports recorded a abrupt contraction. The growth pace was the most rapid in 2020 when imports increased by 28% against the previous year. As a result, imports attained the peak of $214K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Yarn; of Coir to Canada in 2022:

1. Sri Lanka (83.2 tons)
2. United States (6.5 tons)
3. India (3.4 tons)

Yarn; of Coir Exports in Canada

After two years of growth, overseas shipments of yarn; of coirs decreased by -89.7% to 231 kg in 2022. In general, exports continue to indicate a significant decrease. The pace of growth appeared the most rapid in 2021 with an increase of 7.5% against the previous year. As a result, the exports reached the peak of 2.2 tons, and then shrank sharply in the following year.

In value terms, yarn; of coir exports reduced markedly to $936 in 2022. Over the period under review, exports saw a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. As a result, the exports attained the peak of $5.8K, and then declined notably in the following year.

Top Export Markets for Yarn; of Coir from Canada in 2022:

1. United States (169.0 kg)
2. United Kingdom (62.0 kg)

Source: IndexBox Market Intelligence Platform