Price for Flax; Hackled or Otherwise Processed, But Not Spun in Vietnam - 2022
Contents:
- Price for Flax; Hackled or Otherwise Processed, But Not Spun in Vietnam (FOB) - 2022
- Price for Flax; Hackled or Otherwise Processed, But Not Spun in Vietnam (CIF) - 2022
- Exports of Flax; Hackled or Otherwise Processed, But Not Spun in Vietnam
- Imports of Flax; Hackled or Otherwise Processed, But Not Spun in Vietnam
Price for Flax; Hackled or Otherwise Processed, But Not Spun in Vietnam (FOB) - 2022
The average export price for flax; hackled or otherwise processed, but not spuns stood at $6,315 per ton in 2022, waning by -7.7% against the previous year. In general, the export price, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 303%. Over the period under review, the average export prices attained the peak figure at $75,717 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, 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 -7.4% per year.
Price for Flax; Hackled or Otherwise Processed, But Not Spun in Vietnam (CIF) - 2022
The average import price for flax; hackled or otherwise processed, but not spuns stood at $3,421 per ton in 2022, approximately reflecting the previous year. In general, the import price showed a precipitous curtailment. The pace of growth appeared the most rapid in 2016 an increase of 32%. The import price peaked at $36,260 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($64,362 per ton), while the price for Belarus ($2,681 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.5%), while the prices for the other major suppliers experienced a decline.
Exports of Flax; Hackled or Otherwise Processed, But Not Spun in Vietnam
For the fourth consecutive year, Vietnam recorded growth in overseas shipments of flax; hackled or otherwise processed, but not spuns, which increased by 74% to 817 tons in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 4,169%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of flax; hackled or otherwise processed, but not spuns surged to $5.2M in 2022. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 3,813%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in years to come.
| Export of Flax; Hackled or Otherwise Processed, But Not Spun in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 0.3 | 3.2 | 5.2 | 316.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | N/A | 0.3 | 3.2 | 5.2 | 316.3% |
Top Export Markets for Flax; Hackled or Otherwise Processed, But Not Spun from Vietnam in 2022:
- China (814.9 tons)
Imports of Flax; Hackled or Otherwise Processed, But Not Spun in Vietnam
After three years of growth, overseas purchases of flax; hackled or otherwise processed, but not spuns decreased by -79.5% to 7.8 tons in 2022. Overall, imports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 234%.
In value terms, imports of flax; hackled or otherwise processed, but not spuns reduced sharply to $27K in 2022. In general, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 217%.
| Import of Flax; Hackled or Otherwise Processed, But Not Spun in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 14.1 | 32.4 | 70.0 | 10.7 | -8.8% |
| Belgium | N/A | 3.9 | 38.3 | 7.3 | 36.8% |
| France | 0.1 | 1.1 | 12.5 | 5.3 | 275.6% |
| Others | 0.2 | 8.6 | 8.8 | 3.3 | 154.6% |
| Total | 14.5 | 45.9 | 130 | 26.5 | 22.3% |
Top Suppliers of Flax; Hackled or Otherwise Processed, But Not Spun to Vietnam in 2022:
- Belarus (4.0 tons)
- Belgium (2.2 tons)
- France (1.5 tons)
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