Yarn; of Coir Price in Russia - 2022

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

In January 2022, the average yarn; of coir import price amounted to $640 per ton, shrinking by -13% against the previous month. Over the period from January 2021 to January 2022, it increased at an average monthly rate of +3.3%. The pace of growth was the most pronounced in March 2021 when the average import price increased by 17% m-o-m. The import price peaked at $736 per ton in December 2021, and then reduced in the following month.

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

From January 2021 to January 2022, the rate of growth in terms of prices for Sri Lanka amounted to +5.3% per month.

Yarn; of Coir Imports in Russia

In 2022, yarn; of coir imports into Russia rose significantly to 4.3K tons, picking up by 15% on the year before. The total import volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 21% against the previous year. As a result, imports reached the peak of 4.9K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, yarn; of coir imports contracted to $2.2M in 2022. The total import value increased at an average annual rate of +9.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 20% against the previous year.