Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in the United States - 2023

Contents:

1. Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in the United States (CIF) - 2023
2. Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in the United States (FOB) - 2022
3. Imports of Yarn; of Jute or of Other Textile Bast Fibres, Single in the United States
4. Exports of Yarn; of Jute or of Other Textile Bast Fibres, Single in the United States

Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in the United States (CIF) - 2023

The average import price for yarn; of jute or of other textile bast fibres, singles stood at $1,064 per ton in December 2023, reducing by -5.3% against the previous month. Overall, the import price showed a pronounced downturn. The most prominent rate of growth was recorded in August 2023 an increase of 16% against the previous month. Over the period under review, average import prices reached the peak figure at $1,563 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.

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

From December 2022 to December 2023, the rate of growth in terms of prices for Bangladesh amounted to -3.0% per month.

Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in the United States (FOB) - 2022

The average export price for yarn; of jute or of other textile bast fibres, singles stood at $9,975 per ton in 2022, picking up by 76% against the previous year. Overall, the export price continues to indicate pronounced growth. The most prominent rate of growth was recorded in 2021 an increase of 309% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($66,119 per ton), while the average price for exports to Mexico totaled $7,166 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+12.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Yarn; of Jute or of Other Textile Bast Fibres, Single in the United States

For the third consecutive year, the United States recorded decline in purchases abroad of yarn; of jute or of other textile bast fibres, singles, which decreased by -28% to 2.7K tons in 2022. Over the period under review, imports showed a precipitous shrinkage. The smallest decline of -13.7% was in 2021.

In value terms, imports of yarn; of jute or of other textile bast fibres, singles dropped markedly to $4.2M in 2022. Overall, imports faced a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by 8.3% against the previous year.

Top Suppliers of Yarn; of Jute or of Other Textile Bast Fibres, Single to the United States in 2022:

1. Bangladesh (2.6K tons)

Exports of Yarn; of Jute or of Other Textile Bast Fibres, Single in the United States

In 2022, shipments abroad of yarn; of jute or of other textile bast fibres, singles decreased by -42% to 2.1 tons, falling for the second consecutive year after two years of growth. Overall, exports showed a dramatic decline. The most prominent rate of growth was recorded in 2020 when exports increased by 867% against the previous year. As a result, the exports reached the peak of 164 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of yarn; of jute or of other textile bast fibres, singles rose modestly to $21K in 2022. Over the period under review, exports faced a dramatic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 248%. As a result, the exports attained the peak of $228K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Yarn; of Jute or of Other Textile Bast Fibres, Single from the United States in 2022:

1. Mexico (2.0 tons)
2. China (0.1 tons)

Source: IndexBox Market Intelligence Platform