Flax Yarn Price in Thailand - 2023

Contents:

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

Flax Yarn Price in Thailand (CIF) - 2022

The average flax yarn import price stood at $16,147 per ton in 2022, which is down by -13.5% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flax yarn import price decreased by -25.8% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 48% against the previous year. The import price peaked at $21,747 per ton in 2019; however, from 2020 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 France ($44,647 per ton), while the price for Hong Kong SAR ($1,833 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Flax Yarn Price in Thailand (FOB) - 2022

The average flax yarn export price stood at $21,431 per ton in 2022, reducing by -7.8% against the previous year. Over the period under review, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 an increase of 332% against the previous year. As a result, the export price reached the peak level of $29,815 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

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 South Korea ($31,334 per ton), while the average price for exports to Myanmar ($2,910 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 South Korea (+74.2%), while the prices for the other major destinations experienced more modest paces of growth.

Flax Yarn Imports in Thailand

Flax yarn imports into Thailand skyrocketed to 190 tons in 2022, increasing by 68% on 2021. Over the period under review, imports continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2021 with an increase of 75% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, flax yarn imports skyrocketed to $3.1M in 2022. Overall, imports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 75%.

Top Suppliers of Flax Yarn to Thailand in 2022:

1. China (107.6 tons)
2. Hong Kong SAR (23.1 tons)
3. Italy (17.1 tons)
4. Belgium (14.3 tons)
5. Japan (11.7 tons)
6. Hungary (6.6 tons)
7. France (4.2 tons)

Flax Yarn Exports in Thailand

In 2022, exports of flax yarns from Thailand rose sharply to 515 kg, increasing by 12% compared with 2021 figures. In general, exports, however, recorded a sharp downturn. The pace of growth appeared the most rapid in 2021 with an increase of 20%.

In value terms, flax yarn exports expanded modestly to $11K in 2022. Overall, exports, however, showed a abrupt contraction.

Top Export Markets for Flax Yarn from Thailand in 2022:

1. South Korea (261.0 kg)
2. Myanmar (100.0 kg)
3. Italy (96.0 kg)
4. United States (42.0 kg)

Source: IndexBox Market Intelligence Platform