Yarn; of Coir Price in China - 2023

Contents:

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

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

The average yarn; of coir export price stood at $1,151 per ton in 2022, falling by -63% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2017 an increase of 320% against the previous year. The export price peaked at $5,272 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($7,544 per ton), while the average price for exports to Kazakhstan ($245 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+43.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2021, the average yarn; of coir import price amounted to $20,000 per ton, remaining constant against the previous year. Overall, the import price posted significant growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 51% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the rate of growth in terms of prices for Sri Lanka amounted to +28.4% per year.

Yarn; of Coir Exports in China

For the fourth year in a row, China recorded growth in shipments abroad of yarn; of coirs, which increased by 15% to 6.5 tons in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 124% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, yarn; of coir exports plummeted to $7.5K in 2022. Overall, exports, however, continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2020 with an increase of 128% against the previous year. As a result, the exports reached the peak of $20K. From 2021 to 2022, the growth of the exports remained at a lower figure.

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

1. Kazakhstan (3.6 tons)
2. Belgium (1.4 tons)
3. United States (1.2 tons)
4. Netherlands (0.3 tons)

Yarn; of Coir Imports in China

In 2021, imports of yarn; of coirs into China was estimated at 500 kg, leveling off at 2020 figures. Overall, imports faced a precipitous decrease. The smallest decline of 99.9% was in 2020.

In value terms, yarn; of coir imports amounted to $10K in 2021. Over the period under review, imports showed a mild downturn. The smallest decline of 99.9% was in 2020.

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

1. Italy (500.0 kg)

Source: IndexBox Market Intelligence Platform