Yarn; of Coir Price in Singapore - 2022

Contents:

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

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

In 2022, the average yarn; of coir export price amounted to $1,544 per ton, stabilizing at the previous year. In general, the export price, however, faced a deep downturn. The most prominent rate of growth was recorded in 2013 an increase of 105%. As a result, the export price reached the peak level of $18,000 per ton. From 2014 to 2022, the average export prices remained at a somewhat 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 -18.9% per year.

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

The average yarn; of coir import price stood at $905 per ton in 2022, rising by 5.1% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 177%. The import price peaked at $8,574 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($4,000 per ton), while the price for India ($725 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the prices for the other major suppliers experienced a decline.

Yarn; of Coir Exports in Singapore

For the third consecutive year, Singapore recorded decline in shipments abroad of yarn; of coirs, which decreased by -33.3% to 801 kg in 2022. Over the period under review, exports saw a abrupt descent. The smallest decline of -4.3% was in 2020.

In value terms, yarn; of coir exports contracted remarkably to $1.2K in 2022. In general, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 2.2%.

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

1. Maldives (798.0 kg)

Yarn; of Coir Imports in Singapore

In 2022, supplies from abroad of yarn; of coirs decreased by -86.5% to 243 kg, falling for the second year in a row after two years of growth. Over the period under review, imports showed a sharp contraction. The growth pace was the most rapid in 2020 with an increase of 98%. As a result, imports reached the peak of 5 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, yarn; of coir imports shrank notably to $220 in 2022. In general, imports continue to indicate a dramatic slump. The smallest decline of -46.4% was in 2020.

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

1. India (142.0 kg)
2. Sri Lanka (98.0 kg)

Source: IndexBox Market Intelligence Platform