Flax Yarn Price in Italy - 2023
Contents:
- Flax Yarn Price in Italy (CIF) - 2023
- Flax Yarn Price in Italy (FOB) - 2023
- Flax Yarn Imports in Italy
- Flax Yarn Exports in Italy
Flax Yarn Price in Italy (CIF) - 2023
In July 2023, the average flax yarn import price amounted to $16,821 per ton, waning by -5.6% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.6%. The most prominent rate of growth was recorded in August 2022 an increase of 8.8% month-to-month. The import price peaked at $17,810 per ton in June 2023, and then declined in the following month.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Lithuania ($24,444 per ton), while the price for France ($4,620 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Tunisia (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Flax Yarn Price in Italy (FOB) - 2023
The average flax yarn export price stood at $20,855 per ton in July 2023, remaining constant against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 15% against the previous month. The export price peaked in July 2023.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Hong Kong SAR ($54,334 per ton), while the average price for exports to Spain ($16,544 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 Romania (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
Flax Yarn Imports in Italy
In 2022, the amount of flax yarns imported into Italy soared to 11K tons, with an increase of 30% against the previous year's figure. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +7.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, flax yarn imports skyrocketed to $159M in 2022. Overall, imports saw buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Flax Yarn in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 50.8 | 29.0 | 44.3 | 74.9 | 13.8% |
| Tunisia | 23.1 | 18.0 | 22.6 | 38.2 | 18.3% |
| Lithuania | 17.5 | 14.5 | 16.9 | 28.6 | 17.8% |
| France | 4.9 | 1.7 | 5.0 | 8.5 | 20.2% |
| India | 1.6 | 1.2 | 2.8 | 4.7 | 43.2% |
| Egypt | 0.7 | 0.7 | 0.6 | 1.1 | 16.3% |
| Others | 1.0 | 1.3 | 2.8 | 3.1 | 45.8% |
| Total | 99.5 | 66.4 | 95.0 | 159 | 16.9% |
Top Suppliers of Flax Yarn to Italy in 2022:
- China (5.2K tons)
- Tunisia (3.4K tons)
- Lithuania (1.4K tons)
- France (0.6K tons)
- India (0.5K tons)
- Egypt (0.2K tons)
Flax Yarn Exports in Italy
Flax yarn exports from Italy stood at 3.7K tons in 2022, approximately reflecting the year before. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 24%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, flax yarn exports expanded significantly to $63M in 2022. The total export value increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 30%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Flax Yarn in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 7.3 | 7.6 | 9.1 | 9.9 | 10.7% |
| Portugal | 8.2 | 5.1 | 5.4 | 6.4 | -7.9% |
| Turkey | 2.0 | 1.0 | 5.4 | 5.9 | 43.4% |
| Spain | 4.5 | 3.4 | 4.2 | 4.6 | 0.7% |
| France | 2.8 | 2.3 | 4.0 | 4.3 | 15.4% |
| Czech Republic | 2.6 | 2.1 | 3.4 | 3.7 | 12.5% |
| Hungary | 1.8 | 1.1 | 2.3 | 2.5 | 11.6% |
| Austria | 1.4 | 1.7 | 2.2 | 2.4 | 19.7% |
| Germany | 2.6 | 2.0 | 1.8 | 2.2 | -5.4% |
| United Kingdom | 1.4 | 1.4 | 1.9 | 2.1 | 14.5% |
| Poland | 1.4 | 1.3 | 1.8 | 2.0 | 12.6% |
| Romania | 1.8 | 2.0 | 1.6 | 1.9 | 1.8% |
| Egypt | 0.8 | 0.5 | 1.5 | 1.6 | 26.0% |
| Others | 14.6 | 10.8 | 10.6 | 13.8 | -1.9% |
| Total | 53.4 | 42.5 | 55.1 | 63.1 | 5.7% |
Top Export Markets for Flax Yarn from Italy in 2022:
- Belgium (735.2 tons)
- Portugal (418.2 tons)
- Spain (320.4 tons)
- Turkey (303.0 tons)
- France (281.3 tons)
- Czech Republic (198.5 tons)
- Hungary (153.5 tons)
- United Kingdom (142.1 tons)
- Poland (137.5 tons)
- Germany (124.5 tons)
- Austria (113.1 tons)
- Romania (93.7 tons)
- Egypt (85.8 tons)
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