Flax Yarn Price in Bangladesh - 2022

Contents:

1. Flax Yarn Price in Bangladesh (CIF) - 2022
2. Flax Yarn Price in Bangladesh (FOB) - 2022
3. Flax Yarn Imports in Bangladesh
4. Flax Yarn Exports in Bangladesh

Flax Yarn Price in Bangladesh (CIF) - 2022

In 2022, the average flax yarn import price amounted to $9,674 per ton, rising by 9.9% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 38%. The import price peaked at $13,188 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($11,324 per ton), while the price for India ($7,573 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Flax Yarn Price in Bangladesh (FOB) - 2022

The average flax yarn export price stood at $12,690 per ton in 2022, increasing by 19% against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flax yarn export price increased by +67.8% against 2015 indices. The most prominent rate of growth was recorded in 2015 an increase of 38%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($14,417 per ton), while the average price for exports to Vietnam ($1,500 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 Saudi Arabia (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Flax Yarn Imports in Bangladesh

In 2022, overseas purchases of flax yarns decreased by -0.1% to 1.9K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 42%. As a result, imports attained the peak of 1.9K tons, leveling off in the following year.

In value terms, flax yarn imports rose notably to $18M in 2022. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 95%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Flax Yarn to Bangladesh in 2022:

1. China (1781.2 tons)
2. India (67.3 tons)

Flax Yarn Exports in Bangladesh

In 2022, the amount of flax yarns exported from Bangladesh fell remarkably to 247 tons, with a decrease of -48.1% on 2021. Overall, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 when exports increased by 758% against the previous year. As a result, the exports attained the peak of 476 tons, and then reduced markedly in the following year.

In value terms, flax yarn exports fell sharply to $3.1M in 2022. In general, exports showed a slight decrease. The most prominent rate of growth was recorded in 2021 with an increase of 810% against the previous year. As a result, the exports attained the peak of $5.1M, and then shrank rapidly in the following year.

Top Export Markets for Flax Yarn from Bangladesh in 2022:

1. India (140.1 tons)
2. Lithuania (38.7 tons)
3. Belgium (23.3 tons)
4. South Korea (23.3 tons)
5. Vietnam (13.0 tons)
6. Japan (8.6 tons)

Source: IndexBox Market Intelligence Platform