Yarn; of Coir Price in Pakistan - 2023

Contents:

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

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

The average yarn; of coir import price stood at $1,226 per ton in 2022, picking up by 53% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices reached the peak figure at $1,315 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 India ($3,606 per ton), while the price for Sri Lanka stood at $1,172 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.9%).

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

The average yarn; of coir export price stood at $1,499 per ton in 2022, jumping by 68% against the previous year. Overall, the export price, however, showed a abrupt descent. Over the period under review, the average export prices reached the peak figure at $3,923 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Bangladesh amounted to -9.2% per year.

Yarn; of Coir Imports in Pakistan

In 2022, the amount of yarn; of coirs imported into Pakistan declined sharply to 347 tons, waning by -50.2% compared with the year before. Over the period under review, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 36%. As a result, imports attained the peak of 697 tons, and then plummeted in the following year.

In value terms, yarn; of coir imports fell dramatically to $426K in 2022. In general, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 23% against the previous year.

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

1. Sri Lanka (339.5 tons)
2. India (7.1 tons)

Yarn; of Coir Exports in Pakistan

In 2022, exports of yarn; of coirs from Pakistan declined markedly to 455 kg, shrinking by -57.6% against the previous year's figure. Over the period under review, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 402% against the previous year.

In value terms, yarn; of coir exports reduced notably to $682 in 2022. In general, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 137%.

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

1. Bangladesh (455.0 kg)

Source: IndexBox Market Intelligence Platform