Flax Yarn Price in Libya - 2022

Flax Yarn Price in Libya (CIF) - 2022

In 2022, the average flax yarn import price amounted to $7,040 per ton, reducing by -38.1% against the previous year. Over the period under review, the import price showed a pronounced setback. The pace of growth appeared the most rapid in 2014 an increase of 59% against the previous year. The import price peaked at $28,000 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Egypt ($8,816 per ton), while the price for Turkey amounted to $5,672 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+0.2%).

Flax Yarn Imports in Libya

In 2022, the amount of flax yarns imported into Libya skyrocketed to 524 kg, picking up by 62% compared with 2021. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 568%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, flax yarn imports amounted to $3.7K in 2022. Overall, imports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 303% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.