Flax Yarn Price in Canada - 2023
Contents:
- Flax Yarn Price in Canada (CIF) - 2022
- Flax Yarn Price in Canada (FOB) - 2022
- Flax Yarn Imports in Canada
- Flax Yarn Exports in Canada
Flax Yarn Price in Canada (CIF) - 2022
The average flax yarn import price stood at $4,923 per ton in 2022, falling by -6.6% against the previous year. Over the period under review, the import price saw a noticeable downturn. The growth pace was the most rapid in 2019 when the average import price increased by 74% against the previous year. Over the period under review, average import prices reached the peak figure at $9,692 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($26,843 per ton), while the price for Lithuania ($1,914 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Flax Yarn Price in Canada (FOB) - 2022
In 2022, the average flax yarn export price amounted to $24,497 per ton, surging by 4.8% against the previous year. In general, the export price saw a resilient increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 128% against the previous year. As a result, the export price attained the peak level of $26,279 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($25,976 per ton), while the average price for exports to Japan stood at $16,753 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+19.6%), while the prices for the other major destinations experienced mixed trend patterns.
Flax Yarn Imports in Canada
In 2022, approx. 48 tons of flax yarns were imported into Canada; jumping by 106% compared with the previous year's figure. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 117%. As a result, imports reached the peak of 56 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, flax yarn imports skyrocketed to $235K in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Flax Yarn in Canada (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 10.2 | 12.4 | 12.2 | 30.6 | 44.2% |
Lithuania | 10.5 | 11.3 | 4.9 | 27.3 | 37.5% |
United Kingdom | 16.4 | 21.1 | 7.9 | 21.5 | 9.4% |
France | 15.0 | 26.0 | 5.8 | 21.0 | 11.9% |
United States | 17.4 | 20.2 | 6.4 | 20.4 | 5.4% |
Belgium | 44.3 | 38.1 | 13.3 | 19.8 | -23.5% |
Uruguay | 10.7 | 12.2 | 5.6 | 14.3 | 10.1% |
Poland | 0.2 | 0.7 | 0.5 | 9.4 | 260.9% |
Latvia | 4.2 | 5.9 | 2.8 | 7.1 | 19.1% |
China | 2.7 | 3.8 | 2.2 | 5.5 | 26.8% |
Norway | 1.4 | 1.9 | 1.0 | 3.1 | 30.3% |
India | N/A | 5.0 | N/A | 1.9 | -38.4% |
Sri Lanka | N/A | N/A | 3.5 | N/A | 0% |
Others | 39.1 | 31.0 | 56.4 | 53.3 | 10.9% |
Total | 172 | 190 | 123 | 235 | 11.0% |
Top Suppliers of Flax Yarn to Canada in 2022:
- Lithuania (14.2 tons)
- France (10.8 tons)
- United States (4.6 tons)
- Latvia (3.5 tons)
- Poland (3.2 tons)
- China (1.9 tons)
- Italy (1.7 tons)
- Uruguay (1.3 tons)
- United Kingdom (1.2 tons)
- Norway (1.2 tons)
- India (1.0 tons)
- Belgium (0.7 tons)
Flax Yarn Exports in Canada
In 2022, shipments abroad of flax yarns increased by 10% to 2.6 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a abrupt downturn.
In value terms, flax yarn exports skyrocketed to $63K in 2022. Over the period under review, exports, however, faced a abrupt slump.
Export of Flax Yarn in Canada (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 89.4 | 67.8 | 50.6 | 56.8 | -14.0% |
Japan | 3.7 | 4.0 | 4.2 | 6.6 | 21.3% |
Others | 1.6 | 0.3 | 0.1 | N/A | -75.0% |
Total | 94.7 | 72.0 | 54.8 | 63.4 | -12.5% |
Top Export Markets for Flax Yarn from Canada in 2022:
- United States (2187.0 kg)
- Japan (394.0 kg)
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