Yarn; of Coir Price in South Korea - 2022

Contents:

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

Yarn; of Coir Price in South Korea (CIF) - 2022

In 2022, the average yarn; of coir import price amounted to $520 per ton, falling by -9.6% against the previous year. In general, the import price showed a deep contraction. The pace of growth appeared the most rapid in 2019 when the average import price increased by 16% against the previous year. The import price peaked at $1,419 per ton in 2012; however, from 2013 to 2022, 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 Vietnam.

From 2012 to 2022, the rate of growth in terms of prices for Bangladesh amounted to +5.5% per year.

Yarn; of Coir Price in South Korea (FOB) - 2022

In 2022, the average yarn; of coir export price amounted to $1,141 per ton, declining by -15.9% against the previous year. Overall, the export price saw a mild downturn. The most prominent rate of growth was recorded in 2020 an increase of 39%. The export price peaked at $2,281 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($1,839 per ton), while the average price for exports to Vietnam stood at $320 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-0.2%).

Yarn; of Coir Imports in South Korea

For the third consecutive year, South Korea recorded decline in supplies from abroad of yarn; of coirs, which decreased by -99.5% to 50 kg in 2022. Over the period under review, imports continue to indicate a precipitous descent. The smallest decline of -38.9% was in 2020.

In value terms, yarn; of coir imports shrank dramatically to $26 in 2022. In general, imports faced a significant decrease. The smallest decline of -42.3% was in 2020.

Top Suppliers of Yarn; of Coir to South Korea in 2022:

1. Vietnam (50.0 kg)

Yarn; of Coir Exports in South Korea

In 2022, yarn; of coir exports from South Korea soared to 2.1 tons, jumping by 17% compared with the year before. Over the period under review, exports, however, continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 23% against the previous year.

In value terms, yarn; of coir exports fell slightly to $2.4K in 2022. In general, exports, however, showed a precipitous contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 2.6% against the previous year.

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

1. Vietnam (1187.0 kg)
2. China (856.0 kg)

Source: IndexBox Market Intelligence Platform