Flax Yarn Price in Portugal - 2023
Contents:
- Flax Yarn Price in Portugal (CIF) - 2023
- Flax Yarn Price in Portugal (FOB) - 2023
- Flax Yarn Imports in Portugal
- Flax Yarn Exports in Portugal
Flax Yarn Price in Portugal (CIF) - 2023
In July 2023, the average flax yarn import price amounted to $16,076 per ton, picking up by 16% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Italy ($21,270 per ton), while the price for Spain ($9,910 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 Poland (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Flax Yarn Price in Portugal (FOB) - 2023
In July 2023, the average flax yarn export price amounted to $15,800 per ton, shrinking by -5.1% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 7.4% month-to-month. Over the period under review, the average export prices attained the maximum at $16,869 per ton in May 2023; however, from June 2023 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Spain ($17,550 per ton), while the average price for exports to the Netherlands ($1,480 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 Turkey (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Flax Yarn Imports in Portugal
In 2022, the amount of flax yarns imported into Portugal dropped slightly to 4.8K tons, stabilizing at the previous year's figure. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +12.5% 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 +54.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 55% against the previous year. As a result, imports attained the peak of 4.8K tons, leveling off in the following year.
In value terms, flax yarn imports soared to $63M in 2022. Over the period under review, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 55%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.
| Import of Flax Yarn in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 26.5 | 22.7 | 34.5 | 41.1 | 15.8% |
| Italy | 6.7 | 4.9 | 5.9 | 6.2 | -2.6% |
| Ethiopia | N/A | N/A | N/A | 5.2 | 0% |
| Belgium | 1.1 | 0.8 | 4.7 | 4.1 | 55.0% |
| Spain | 0.2 | 1.6 | 2.0 | 3.8 | 166.8% |
| France | 2.6 | 1.5 | 1.7 | 1.5 | -16.8% |
| Others | 0.3 | 0.4 | 0.8 | 0.9 | 44.2% |
| Total | 37.3 | 32.0 | 49.5 | 62.9 | 19.0% |
Top Suppliers of Flax Yarn to Portugal in 2022:
- China (3125.3 tons)
- Italy (427.3 tons)
- Ethiopia (420.0 tons)
- Spain (303.8 tons)
- Belgium (278.2 tons)
- France (85.7 tons)
Flax Yarn Exports in Portugal
For the fourth year in a row, Portugal recorded growth in overseas shipments of flax yarns, which increased by 26% to 297 tons in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 50%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.
In value terms, flax yarn exports skyrocketed to $4.8M in 2022. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 59% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Flax Yarn in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,023 | 1,081 | 1,969 | 2,605 | 36.6% |
| Turkey | N/A | N/A | N/A | 1,099 | 0% |
| Italy | 46.1 | 14.1 | 142 | 407 | 106.7% |
| Greece | 284 | 355 | 343 | 244 | -4.9% |
| Germany | 68.1 | 142 | 170 | 124 | 22.1% |
| France | 185 | 160 | 205 | 77.7 | -25.1% |
| Bulgaria | 65.7 | 83.0 | 82.5 | 50.7 | -8.3% |
| Austria | 89.1 | 59.5 | 0.4 | 49.1 | -18.0% |
| Others | 21.0 | 14.0 | 131 | 189 | 108.0% |
| Total | 1,782 | 1,908 | 3,042 | 4,847 | 39.6% |
Top Export Markets for Flax Yarn from Portugal in 2022:
- Spain (160.7 tons)
- Turkey (68.6 tons)
- Italy (20.5 tons)
- Greece (15.8 tons)
- Germany (7.1 tons)
- France (4.1 tons)
- Austria (3.1 tons)
- Bulgaria (3.0 tons)
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