Yarn; of Coir Price in Vietnam - 2021

Contents:

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

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

In 2022, the average yarn; of coir export price amounted to $1,035 per ton, growing by 14% against the previous year. Overall, the export price, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 72%. As a result, the export price reached the peak level of $1,753 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

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 the Netherlands ($1,569 per ton), while the average price for exports to China ($714 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.5%), while the prices for the other major destinations experienced a decline.

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

The average yarn; of coir import price stood at $3,091 per ton in 2022, picking up by 29% against the previous year. In general, the import price showed a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of 198%. As a result, import price attained the peak level of $5,041 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($3,094 per ton), while the price for South Korea totaled $2,658 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.1%).

Yarn; of Coir Exports in Vietnam

In 2022, overseas shipments of yarn; of coirs were finally on the rise to reach 218 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a sharp curtailment.

In value terms, yarn; of coir exports surged to $226K in 2022. Over the period under review, exports, however, recorded a abrupt contraction.

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

1. China (144.0 tons)
2. South Korea (37.3 tons)
3. Netherlands (31.6 tons)

Yarn; of Coir Imports in Vietnam

After three years of growth, purchases abroad of yarn; of coirs decreased by -37.9% to 11 tons in 2022. In general, imports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 73% against the previous year. As a result, imports reached the peak of 18 tons, and then shrank remarkably in the following year.

In value terms, yarn; of coir imports reduced remarkably to $34K in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 65%. As a result, imports reached the peak of $42K, and then dropped notably in the following year.

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

1. China (10.9 tons)

Source: IndexBox Market Intelligence Platform