Price for Yarn; of Flax, Multiple (Folded) or Cabled in the Philippines - 2023

Contents:

1. Price for Yarn; of Flax, Multiple (Folded) or Cabled in the Philippines (CIF) - 2022
2. Imports of Yarn; of Flax, Multiple (Folded) or Cabled in the Philippines

Price for Yarn; of Flax, Multiple (Folded) or Cabled in the Philippines (CIF) - 2022

The average import price for yarn; of flax, multiple (folded) or cableds stood at $12,568 per ton in 2022, which is down by -45.6% against the previous year. Overall, the import price faced a abrupt setback. The pace of growth was the most pronounced in 2021 an increase of 3,098% against the previous year. The import price peaked at $172,148 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($16,800 per ton), while the price for Poland totaled $12,203 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+944.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Yarn; of Flax, Multiple (Folded) or Cabled in the Philippines

In 2022, supplies from abroad of yarn; of flax, multiple (folded) or cableds decreased by -56.3% to 69 kg for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 316%. As a result, imports attained the peak of 158 kg, and then dropped significantly in the following year.

In value terms, imports of yarn; of flax, multiple (folded) or cableds declined rapidly to $865 in 2022. Overall, imports showed a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 13,954%.

Top Suppliers of Yarn; of Flax, Multiple (Folded) or Cabled to the Philippines in 2022:

1. Poland (64.0 kg)
2. Finland (5.0 kg)

Source: IndexBox Market Intelligence Platform