Czech Republic: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2024

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in the Czech Republic

The Czech market for coconut, abaca, ramie and other vegetable textile fibres skyrocketed to $X in 2022, growing by 19% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a remarkable increase. Consumption of peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports from the Czech Republic

Exports of coconut, abaca, ramie and other vegetable textile fibres from the Czech Republic surged to X tons in 2022, growing by 170% on 2021 figures. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 367% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres skyrocketed to $X in 2022. In general, exports posted a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of 266%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for exports of coconut, abaca, ramie and other vegetable textile fibres from the Czech Republic, accounting for a 91% share of total exports. Moreover, exports of coconut, abaca, ramie and other vegetable textile fibres to Russia exceeded the volume sent to the second major destination, Slovakia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at +21.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+22.9% per year) and Poland (+5.0% per year).

In value terms, Russia ($X) remains the key foreign market for coconut, abaca, ramie and other vegetable textile fibres exports from the Czech Republic, comprising 60% of total exports. The second position in the ranking was held by Slovakia ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia stood at +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+15.6% per year) and Poland (+6.6% per year).

Export Prices by Country

The average export price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2022, falling by -30.2% against the previous year. Overall, the export price showed a abrupt contraction. The pace of growth was the most pronounced in 2019 when the average export price increased by 89% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Russia ($X 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 Poland (+1.5%), while the prices for the other major destinations experienced a decline.

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports into the Czech Republic

In 2022, the amount of coconut, abaca, ramie and other vegetable textile fibres imported into the Czech Republic surged to X tons, increasing by 35% against 2021. Over the period under review, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 130% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres soared to $X in 2022. Overall, imports saw a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 117% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

The Netherlands (X tons), India (X tons) and Sri Lanka (X tons) were the main suppliers of imports of coconut, abaca, ramie and other vegetable textile fibres to the Czech Republic, together accounting for 98% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +16.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), India ($X) and Germany ($X) were the largest coconut, abaca, ramie and other vegetable textile fibre suppliers to the Czech Republic, with a combined 87% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +27.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for coconut, abaca, ramie and other vegetable textile fibres amounted to $X per ton, falling by -1.6% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for coconut, abaca, ramie and other vegetable textile fibres decreased by -7.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of 73%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform