Price for Yarn; of Flax, Single in China - 2023
Contents:
- Price for Yarn; of Flax, Single in China (FOB) - 2022
- Price for Yarn; of Flax, Single in China (CIF) - 2022
- Exports of Yarn; of Flax, Single in China
- Imports of Yarn; of Flax, Single in China
Price for Yarn; of Flax, Single in China (FOB) - 2022
In 2022, the average yarn; of flax, single export price amounted to $12,266 per ton, rising by 26% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($15,136 per ton), while the average price for exports to South Korea ($7,415 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 India (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Yarn; of Flax, Single in China (CIF) - 2022
The average yarn; of flax, single import price stood at $15,922 per ton in 2022, rising by 68% against the previous year. Overall, the import price, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 312% against the previous year. As a result, import price attained the peak level of $24,953 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
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 Italy ($37,498 per ton), while the price for Egypt ($1,616 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Yarn; of Flax, Single in China
In 2022, approx. 24K tons of yarn; of flax, singles were exported from China; reducing by -9.9% compared with 2021. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 45%. As a result, the exports reached the peak of 27K tons, and then shrank in the following year.
In value terms, yarn; of flax, single exports expanded remarkably to $293M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +6.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 67%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Yarn; of Flax, Single in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 43.0 | 21.8 | 48.4 | 59.8 | 11.6% |
| Italy | 47.5 | 28.8 | 47.8 | 58.9 | 7.4% |
| Turkey | 34.6 | 15.8 | 40.4 | 44.2 | 8.5% |
| Portugal | 27.5 | 22.9 | 34.3 | 30.1 | 3.1% |
| South Korea | 31.7 | 22.0 | 22.9 | 16.3 | -19.9% |
| Bangladesh | 5.5 | 6.3 | 13.7 | 14.0 | 36.5% |
| Japan | 13.5 | 6.0 | 8.8 | 12.4 | -2.8% |
| Lithuania | 8.3 | 6.3 | 8.8 | 12.1 | 13.4% |
| Belgium | 1.8 | 2.2 | 7.5 | 6.1 | 50.2% |
| Pakistan | 2.8 | 4.7 | 1.1 | 5.3 | 23.7% |
| Vietnam | 8.8 | 5.1 | 2.7 | 5.3 | -15.6% |
| Spain | 1.9 | 2.7 | 5.8 | 5.0 | 38.1% |
| Others | 17.5 | 10.5 | 17.2 | 24.0 | 11.1% |
| Total | 245 | 155 | 259 | 293 | 6.1% |
Top Export Markets for Yarn; of Flax, Single from China in 2022:
- Italy (4.5K tons)
- India (4.0K tons)
- Turkey (3.5K tons)
- Portugal (2.5K tons)
- South Korea (2.2K tons)
- Bangladesh (1.3K tons)
- Lithuania (1.1K tons)
- Japan (0.9K tons)
- Vietnam (0.5K tons)
- Belgium (0.5K tons)
- Pakistan (0.4K tons)
- Spain (0.4K tons)
Imports of Yarn; of Flax, Single in China
Yarn; of flax, single imports into China contracted remarkably to 88 tons in 2022, waning by -42.1% on 2021. Over the period under review, imports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 78% against the previous year. As a result, imports reached the peak of 152 tons, and then contracted sharply in the following year.
In value terms, yarn; of flax, single imports declined to $1.4M in 2022. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 61%.
| Import of Yarn; of Flax, Single in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1,334 | 356 | 842 | 919 | -11.7% |
| India | N/A | N/A | 2.3 | 145 | 6204.3% |
| Japan | 284 | 160 | 101 | 55.4 | -42.0% |
| South Korea | 2.8 | 8.9 | N/A | 48.6 | 158.9% |
| Egypt | 5.8 | 4.0 | 73.2 | 34.2 | 80.7% |
| Belgium | 161 | 81.4 | 101 | N/A | -20.8% |
| Poland | 86.0 | 20.2 | N/A | N/A | -76.5% |
| Others | 56.5 | 265 | 321 | 197 | 51.6% |
| Total | 1,930 | 895 | 1,441 | 1,400 | -10.1% |
Top Suppliers of Yarn; of Flax, Single to China in 2022:
- Italy (24.5 tons)
- Egypt (21.2 tons)
- India (17.3 tons)
- South Korea (4.2 tons)
- Japan (2.4 tons)
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