Flax Yarn Price in Hong Kong SAR - 2023

Contents:

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

Flax Yarn Price in Hong Kong SAR (CIF) - 2022

In 2022, the average flax yarn import price amounted to $17,842 per ton, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The pace of growth appeared the most rapid in 2019 an increase of 18% against the previous year. Over the period under review, average import prices attained the peak figure at $19,614 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($39,410 per ton), while the price for China ($13,536 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Flax Yarn Price in Hong Kong SAR (FOB) - 2022

The average flax yarn export price stood at $25,559 per ton in 2022, growing by 47% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +9.1% 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 +90.0% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($28,909 per ton), while the average price for exports to Cambodia ($15,053 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 Vietnam (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Flax Yarn Imports in Hong Kong SAR

Flax yarn imports into Hong Kong SAR contracted notably to 254 tons in 2022, reducing by -28% compared with 2021 figures. Overall, imports continue to indicate a significant decline. The growth pace was the most rapid in 2021 when imports increased by 8.9% against the previous year.

In value terms, flax yarn imports dropped dramatically to $4.5M in 2022. Over the period under review, imports showed a sharp reduction. The smallest decline of -1.1% was in 2021.

Top Suppliers of Flax Yarn to Hong Kong SAR in 2022:

1. China (207.7 tons)
2. Italy (35.6 tons)
3. Bulgaria (7.3 tons)

Flax Yarn Exports in Hong Kong SAR

In 2022, the amount of flax yarns exported from Hong Kong SAR plummeted to 111 tons, dropping by -64% compared with the previous year's figure. Overall, exports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 3.5% against the previous year.

In value terms, flax yarn exports shrank sharply to $2.8M in 2022. Over the period under review, exports faced a dramatic descent. The smallest decline of -0.1% was in 2021.

Top Export Markets for Flax Yarn from Hong Kong SAR in 2022:

1. China (79.4 tons)
2. Vietnam (25.7 tons)
3. Cambodia (2.3 tons)
4. Bangladesh (2.0 tons)

Source: IndexBox Market Intelligence Platform