Flax Yarn Price in Russia - 2022

Contents:

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

Flax Yarn Price in Russia (CIF) - 2022

In January 2022, the average flax yarn import price amounted to $3,793 per ton, growing by 86% against the previous month. Over the period under review, the import price saw a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was China ($9,388 per ton), while the price for Belarus ($1,904 per ton) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Belarus (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Flax Yarn Price in Russia (FOB) - 2022

In 2022, the average flax yarn export price amounted to $3,867 per ton, which is down by -29.3% against the previous year. Over the period under review, the export price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2013 an increase of 108% against the previous year. As a result, the export price reached the peak level of $9,863 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($7,317 per ton), while the average price for exports to Belarus ($2,838 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (+13.2%), while the prices for the other major destinations experienced a decline.

Flax Yarn Imports in Russia

In 2022, approx. 2.1K tons of flax yarns were imported into Russia; reducing by -27% on 2021 figures. In general, imports showed a noticeable curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 42%. As a result, imports attained the peak of 2.9K tons, and then reduced sharply in the following year.

In value terms, flax yarn imports contracted to $4.3M in 2022. Over the period under review, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 29%.

Top Suppliers of Flax Yarn to Russia in 2022:

1. Belarus (1432.4 tons)
2. China (469.1 tons)
3. Uzbekistan (182.3 tons)

Flax Yarn Exports in Russia

In 2022, after two years of decline, there was significant growth in overseas shipments of flax yarns, when their volume increased by 56% to 6.1 tons. Overall, exports, however, recorded a drastic downturn.

In value terms, flax yarn exports rose rapidly to $23K in 2022. Over the period under review, exports, however, recorded a sharp downturn.

Top Export Markets for Flax Yarn from Russia in 2022:

1. Belarus (3.4 tons)
2. Kazakhstan (1.7 tons)
3. Ukraine (1.0 tons)

Source: IndexBox Market Intelligence Platform