Price for Flax, Raw or Retted in Ethiopia - 2022
Contents:
- Price for Flax, Raw or Retted in Ethiopia (FOB) - 2022
- Price for Flax, Raw or Retted in Ethiopia (CIF) - 2022
- Exports of Flax, Raw or Retted in Ethiopia
- Imports of Flax, Raw or Retted in Ethiopia
Price for Flax, Raw or Retted in Ethiopia (FOB) - 2022
The average flax, raw or retted export price stood at $3,556 per ton in 2022, growing by 10% against the previous year. Over the period from 2021 to 2022, it increased at an average annual rate of +10.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,948 per ton), while the average price for exports to the UK totaled $3,030 per ton.
From 2021 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+38.2%).
Price for Flax, Raw or Retted in Ethiopia (CIF) - 2022
In 2022, the average flax, raw or retted import price amounted to $3,720 per ton, growing by 18% against the previous year. In general, the import price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2016 an increase of 235% against the previous year. As a result, import price attained the peak level of $8,682 per ton. From 2017 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +6.4% per year.
Exports of Flax, Raw or Retted in Ethiopia
In 2022, exports of flax, raw or retted from Ethiopia skyrocketed to 234 kg, increasing by 139% compared with the previous year's figure. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, flax, raw or retted exports soared to $832 in 2022. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Flax, Raw or Retted in Ethiopia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| United States | 200 | 529 | 164.5% | ||
| United Kingdom | 116 | 303 | 161.2% | ||
| Others | N/A | N/A | 0% | ||
| Total | 316 | 832 | 163.3% | ||
Top Export Markets for Flax, Raw or Retted from Ethiopia in 2022:
- United States (134.0 kg)
- United Kingdom (100.0 kg)
Imports of Flax, Raw or Retted in Ethiopia
In 2022, the amount of flax, raw or retted imported into Ethiopia reduced to 236 kg, which is down by -14.2% on 2021. In general, imports showed a precipitous curtailment.
In value terms, flax, raw or retted imports amounted to $878 in 2022. Overall, imports continue to indicate a relatively flat trend pattern.
| Import of Flax, Raw or Retted in Ethiopia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 900 | 889 | 866 | 878 | -0.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 900 | 889 | 866 | 878 | -0.8% |
Top Suppliers of Flax, Raw or Retted to Ethiopia in 2022:
- China (236.0 kg)
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