Yarn; of Coir Price in India - 2023

Contents:

1. Yarn; of Coir Price in India (FOB) - 2023
2. Yarn; of Coir Price in India (CIF) - 2022
3. Yarn; of Coir Exports in India
4. Yarn; of Coir Imports in India

Yarn; of Coir Price in India (FOB) - 2023

In May 2023, the average yarn; of coir export price amounted to $975 per ton, waning by -8.8% against the previous month. Overall, export price indicated a tangible increase from July 2022 to May 2023: its price increased at an average monthly rate of +4.6% over the last ten-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, yarn; of coir export price increased by +38.6% against February 2023 indices. The pace of growth was the most pronounced in April 2023 when the average export price increased by 50% month-to-month. As a result, the export price attained the peak level of $1,070 per ton, and then declined in the following month.

There were significant differences in the average prices for the major foreign markets. In May 2023, the country with the highest price was France ($2,815 per ton), while the average price for exports to Nepal ($304 per ton) was amongst the lowest.

From July 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average yarn; of coir import price stood at $11,499 per ton in 2022, growing by 217% against the previous year. Over the period under review, the import price saw significant growth. The most prominent rate of growth was recorded in 2018 an increase of 262%. The import price peaked in 2022 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 Nepal.

From 2012 to 2022, the rate of growth in terms of prices for Nepal amounted to +32.4% per year.

Yarn; of Coir Exports in India

In 2022, approx. 4.4K tons of yarn; of coirs were exported from India; which is down by -25% compared with the previous year's figure. Overall, exports recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 42% against the previous year. As a result, the exports attained the peak of 5.9K tons, and then fell remarkably in the following year.

In value terms, yarn; of coir exports shrank significantly to $3.6M in 2022. Over the period under review, exports showed a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by 40% against the previous year. As a result, the exports reached the peak of $5.3M, and then fell notably in the following year.

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

1. Netherlands (1171.5 tons)
2. Italy (1055.5 tons)
3. Nepal (912.7 tons)
4. Germany (458.2 tons)
5. United Arab Emirates (169.8 tons)
6. Oman (155.1 tons)
7. Saudi Arabia (120.5 tons)
8. Belgium (94.0 tons)
9. France (14.9 tons)

Yarn; of Coir Imports in India

After three years of growth, supplies from abroad of yarn; of coirs decreased by -83.6% to 4 tons in 2022. Overall, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 2,605% against the previous year.

In value terms, yarn; of coir imports contracted sharply to $46K in 2022. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 2,299% against the previous year.

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

1. Nepal (4.0 tons)

Source: IndexBox Market Intelligence Platform