Yarn; of Coir Price in Hong Kong SAR - 2022

Contents:

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

Yarn; of Coir Price in Hong Kong SAR (CIF) - 2022

In 2022, the average yarn; of coir import price amounted to $21,832 per ton, with an increase of 404% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $34,056 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($24,470 per ton), while the price for the UK totaled $15,750 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.7%), while the prices for the other major suppliers experienced a decline.

Yarn; of Coir Price in Hong Kong SAR (FOB) - 2022

The average yarn; of coir export price stood at $27,352 per ton in 2022, picking up by 1.6% against the previous year. Over the period under review, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of 79% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

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 +7.2% per year.

Yarn; of Coir Imports in Hong Kong SAR

In 2022, after two years of decline, there was significant growth in supplies from abroad of yarn; of coirs, when their volume increased by 3,867% to 119 kg. In general, imports, however, showed a sharp descent.

In value terms, yarn; of coir imports soared to $2.6K in 2022. Overall, imports, however, faced a precipitous curtailment.

Top Suppliers of Yarn; of Coir to Hong Kong SAR in 2022:

1. Italy (83.0 kg)
2. United Kingdom (36.0 kg)

Yarn; of Coir Exports in Hong Kong SAR

In 2022, the amount of yarn; of coirs exported from Hong Kong SAR fell modestly to 91 kg, standing approx. at 2021. Over the period under review, exports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 84% against the previous year.

In value terms, yarn; of coir exports totaled $2.5K in 2022. In general, exports, however, continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2021 with an increase of 160% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Yarn; of Coir from Hong Kong SAR in 2022:

1. Indonesia (91.0 kg)

Source: IndexBox Market Intelligence Platform