Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in South Africa - 2023

Contents:

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

Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in South Africa (CIF) - 2022

The average import price for yarn; of jute or of other textile bast fibres, singles stood at $2,721 per ton in 2022, growing by 4.9% against the previous year. Overall, the import price recorded buoyant growth. The growth pace was the most rapid in 2015 an increase of 130% against the previous year. As a result, import price attained the peak level of $2,909 per ton. From 2016 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, 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 +6.2% per year.

Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in South Africa (FOB) - 2022

In 2022, the average export price for yarn; of jute or of other textile bast fibres, singles amounted to $2,000 per ton, declining by -57.6% against the previous year. Over the period under review, the export price saw a abrupt contraction. The pace of growth was the most pronounced in 2020 an increase of 27%. As a result, the export price attained the peak level of $4,884 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Zimbabwe amounted to +18.4% per year.

Imports of Yarn; of Jute or of Other Textile Bast Fibres, Single in South Africa

In 2022, the amount of yarn; of jute or of other textile bast fibres, singles imported into South Africa expanded markedly to 7.4 tons, with an increase of 5.9% against the previous year's figure. The total import volume increased at an average annual rate of +7.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 32%. As a result, imports attained the peak of 7.9 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of yarn; of jute or of other textile bast fibres, singles expanded rapidly to $20K in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 56% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Yarn; of Jute or of Other Textile Bast Fibres, Single to South Africa in 2022:

1. Bangladesh (7.4 tons)

Exports of Yarn; of Jute or of Other Textile Bast Fibres, Single in South Africa

For the third consecutive year, South Africa recorded decline in shipments abroad of yarn; of jute or of other textile bast fibres, singles, which decreased by -99.5% to 1 kg in 2022. Overall, exports faced a precipitous decrease. The smallest decline of -15.2% was in 2021.

In value terms, exports of yarn; of jute or of other textile bast fibres, singles shrank dramatically to $2 in 2022. In general, exports continue to indicate a precipitous decrease. The smallest decline of -18% was in 2021.

Top Export Markets for Yarn; of Jute or of Other Textile Bast Fibres, Single from South Africa in 2022:

1. China (1.0 kg)

Source: IndexBox Market Intelligence Platform