Flax Yarn Price in South Africa - 2023

Contents:

1. Flax Yarn Price in South Africa (FOB) - 2022
2. Flax Yarn Price in South Africa (CIF) - 2022
3. Flax Yarn Exports in South Africa
4. Flax Yarn Imports in South Africa

Flax Yarn Price in South Africa (FOB) - 2022

In 2022, the average flax yarn export price amounted to $10,247 per ton, picking up by 7.9% against the previous year. Overall, the export price saw a modest expansion. The pace of growth appeared the most rapid in 2018 an increase of 572% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

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 Swaziland ($10,903 per ton), while the average price for exports to Japan ($3,012 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 China (+43.5%), while the prices for the other major destinations experienced mixed trend patterns.

Flax Yarn Price in South Africa (CIF) - 2022

The average flax yarn import price stood at $14,337 per ton in 2022, with a decrease of -5.3% against the previous year. In general, the import price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 an increase of 181%. Over the period under review, average import prices hit record highs at $15,332 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($23,042 per ton), while the price for China ($11,018 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+26.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Flax Yarn Exports in South Africa

After three years of growth, shipments abroad of flax yarns decreased by -97.3% to 929 kg in 2022. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 1,288% against the previous year. As a result, the exports reached the peak of 34 tons, and then contracted markedly in the following year.

In value terms, flax yarn exports dropped notably to $9.5K in 2022. Over the period under review, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 2,638%. As a result, the exports attained the peak of $321K, and then dropped remarkably in the following year.

Top Export Markets for Flax Yarn from South Africa in 2022:

1. Swaziland (597.0 kg)
2. Lesotho (299.0 kg)
3. Botswana (20.0 kg)
4. Japan (14.0 kg)

Flax Yarn Imports in South Africa

In 2022, flax yarn imports into South Africa skyrocketed to 41 tons, surging by 484% compared with 2021. Overall, imports showed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, flax yarn imports skyrocketed to $594K in 2022. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Flax Yarn to South Africa in 2022:

1. Italy (24.0 tons)
2. China (16.3 tons)
3. France (1.2 tons)

Source: IndexBox Market Intelligence Platform