Yarn; of Coir Price in Indonesia - 2022

Contents:

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

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

The average yarn; of coir import price stood at $9,171 per ton in 2022, with a decrease of -29.2% against the previous year. In general, the import price, however, showed a buoyant increase. The pace of growth was the most pronounced in 2018 an increase of 118%. The import price peaked at $12,955 per ton in 2021, and then fell rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($10,327 per ton), while the price for Singapore ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+13.8%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average yarn; of coir export price amounted to $1,658 per ton, surging by 8.6% against the previous year. Over the period under review, the export price saw a slight increase. The growth pace was the most rapid in 2019 when the average export price increased by 83% against the previous year. Over the period under review, the average export prices attained the maximum at $2,517 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Maldives.

From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to +1.7% per year.

Yarn; of Coir Imports in Indonesia

In 2022, supplies from abroad of yarn; of coirs was finally on the rise to reach 181 kg after two years of decline. Over the period under review, imports, however, saw a dramatic decrease.

In value terms, yarn; of coir imports declined slightly to $1.7K in 2022. In general, imports, however, saw a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 6.2%.

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

1. Japan (156.0 kg)
2. Malaysia (19.0 kg)
3. China (2.0 kg)

Yarn; of Coir Exports in Indonesia

In 2022, after three years of growth, there was significant decline in shipments abroad of yarn; of coirs, when their volume decreased by -10.6% to 21 tons. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +16.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 37% against the previous year.

In value terms, yarn; of coir exports contracted slightly to $35K in 2022. The total export value increased at an average annual rate of +3.2% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 6.6% against the previous year.

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

1. Maldives (21.0 tons)

Source: IndexBox Market Intelligence Platform