Flax Yarn Price in India - 2023

Contents:

1. Flax Yarn Price in India (CIF) - 2023
2. Flax Yarn Price in India (FOB) - 2023
3. Flax Yarn Imports in India
4. Flax Yarn Exports in India

Flax Yarn Price in India (CIF) - 2023

The average flax yarn import price stood at $16,668 per ton in July 2023, with a decrease of -5.3% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in June 2023 when the average import price increased by 13% against the previous month. Over the period under review, average import prices reached the peak figure at $19,207 per ton in April 2023; however, from May 2023 to July 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was China ($16,697 per ton), while the price for Ethiopia totaled $15,797 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Djibouti (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Flax Yarn Price in India (FOB) - 2023

In July 2023, the average flax yarn export price amounted to $9,316 per ton, surging by 1.8% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 an increase of 12% month-to-month. The export price peaked in July 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Bangladesh ($13,952 per ton), while the average price for exports to Colombia ($3,672 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Flax Yarn Imports in India

In 2022, the amount of flax yarns imported into India surged to 6.7K tons, rising by 47% on 2021 figures. In general, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 105% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, flax yarn imports skyrocketed to $77M in 2022. Overall, imports saw strong growth. The pace of growth was the most pronounced in 2021 with an increase of 141%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Flax Yarn to India in 2022:

1. China (6.0K tons)
2. Bangladesh (0.5K tons)

Flax Yarn Exports in India

Flax yarn exports from India soared to 1.5K tons in 2022, with an increase of 72% against 2021. In general, exports saw a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, flax yarn exports skyrocketed to $12M in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Flax Yarn from India in 2022:

1. Italy (687.4 tons)
2. Bangladesh (254.3 tons)
3. Belgium (252.4 tons)
4. Colombia (98.1 tons)
5. Nepal (64.7 tons)
6. Portugal (35.2 tons)
7. Turkey (32.6 tons)

Source: IndexBox Market Intelligence Platform