Price for Yarn; of Flax, Single in Pakistan - 2023

Contents:

1. Price for Yarn; of Flax, Single in Pakistan (CIF) - 2023
2. Price for Yarn; of Flax, Single in Pakistan (FOB) - 2022
3. Imports of Yarn; of Flax, Single in Pakistan
4. Exports of Yarn; of Flax, Single in Pakistan

Price for Yarn; of Flax, Single in Pakistan (CIF) - 2023

The average yarn; of flax, single import price stood at $5,019 per ton in January 2023, rising by 18% against the previous month. Over the period under review, the import price posted pronounced growth. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 36% month-to-month. The import price peaked at $7,524 per ton in October 2022; however, from November 2022 to January 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In January 2023, the country with the highest price was Egypt ($5,255 per ton), while the price for China totaled $4,680 per ton.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by China (+6.3%), while the prices for the other major suppliers experienced a decline.

Price for Yarn; of Flax, Single in Pakistan (FOB) - 2022

The average yarn; of flax, single export price stood at $3,684 per ton in 2022, remaining stable against the previous year. In general, the export price saw a pronounced decline. The growth pace was the most rapid in 2016 when the average export price increased by 22% against the previous year. As a result, the export price reached the peak level of $5,783 per ton. From 2017 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 Portugal ($11,308 per ton), while the average price for exports to South Africa ($2,222 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 Portugal (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Yarn; of Flax, Single in Pakistan

In 2022, imports of yarn; of flax, singles into Pakistan surged to 682 tons, jumping by 117% against the previous year's figure. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 3,679% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, yarn; of flax, single imports surged to $1.3M in 2022. In general, imports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 2,080%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Yarn; of Flax, Single to Pakistan in 2022:

1. China (649.7 tons)
2. Belgium (10.7 tons)
3. Spain (9.7 tons)
4. Egypt (7.2 tons)

Exports of Yarn; of Flax, Single in Pakistan

In 2022, shipments abroad of yarn; of flax, singles increased by 0.1% to 14 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a dramatic shrinkage.

In value terms, yarn; of flax, single exports stood at $51K in 2022. Over the period under review, exports, however, faced a precipitous decline.

Top Export Markets for Yarn; of Flax, Single from Pakistan in 2022:

1. United Kingdom (7.1 tons)
2. South Africa (6.7 tons)

Source: IndexBox Market Intelligence Platform