Flax Yarn Price in Pakistan - 2023

Contents:

1. Flax Yarn Price in Pakistan (CIF) - 2023
2. Flax Yarn Price in Pakistan (FOB) - 2022
3. Flax Yarn Imports in Pakistan
4. Flax Yarn Exports in Pakistan

Flax Yarn Price in Pakistan (CIF) - 2023

The average flax yarn import price stood at $5,019 per ton in January 2023, surging by 18% against the previous month. Overall, the import price posted pronounced growth. The most prominent rate of growth was recorded in September 2022 an increase of 36% month-to-month. Over the period under review, average import prices attained the peak figure at $7,524 per ton in October 2022; however, from November 2022 to January 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In January 2023, the country with the highest price was Egypt ($5,255 per ton), while the price for China totaled $4,680 per ton.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the prices for the other major suppliers experienced a decline.

Flax Yarn Price in Pakistan (FOB) - 2022

In 2022, the average flax yarn export price amounted to $3,796 per ton, approximately mirroring the previous year. In general, the export price saw a perceptible descent. The most prominent rate of growth was recorded in 2014 an increase of 75%. As a result, the export price attained the peak level of $9,251 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($4,891 per ton), while the average price for exports to South Africa amounted to $2,124 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+13.4%), while the prices for the other major destinations experienced a decline.

Flax Yarn Imports in Pakistan

Flax yarn imports into Pakistan skyrocketed to 1.3K tons in 2022, growing by 265% compared with 2021. In general, imports showed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 2,683% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, flax yarn imports skyrocketed to $3.2M in 2022. Overall, imports saw a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 1,446%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Top Suppliers of Flax Yarn to Pakistan in 2022:

1. China (768.0 tons)
2. Egypt (378.7 tons)
3. Belgium (68.6 tons)
4. United States (33.6 tons)

Flax Yarn Exports in Pakistan

In 2022, after two years of decline, there was decline in overseas shipments of flax yarns, when their volume decreased by 0% to 14 tons. Over the period under review, exports faced a dramatic setback. The smallest decline of -49.5% was in 2020.

In value terms, flax yarn exports stood at $53K in 2022. In general, exports showed a abrupt slump. The smallest decline of -47.9% was in 2020.

Top Export Markets for Flax Yarn from Pakistan in 2022:

1. United Kingdom (8.5 tons)
2. South Africa (5.4 tons)

Source: IndexBox Market Intelligence Platform