Flax Yarn Price in the Czech Republic - 2023

Contents:

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

Flax Yarn Price in the Czech Republic (CIF) - 2023

In July 2023, the average flax yarn import price amounted to $16,888 per ton, waning by -3.2% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in November 2022 when the average import price increased by 15% month-to-month. Over the period under review, average import prices hit record highs at $17,686 per ton in April 2023; however, from May 2023 to July 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Poland ($19,295 per ton), while the price for Egypt ($11,003 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 Belgium (+66.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Flax Yarn Price in the Czech Republic (FOB) - 2022

In 2022, the average flax yarn export price amounted to $19,554 per ton, falling by -11.2% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 an increase of 70% against the previous year. Over the period under review, the average export prices hit record highs at $23,624 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($25,747 per ton), while the average price for exports to Poland ($12,356 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 Belgium (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Flax Yarn Imports in the Czech Republic

In 2022, flax yarn imports into the Czech Republic soared to 519 tons, growing by 44% compared with 2021. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +5.6% 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 +69.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, flax yarn imports skyrocketed to $8.3M in 2022. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 61% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Flax Yarn to the Czech Republic in 2022:

1. Italy (394.0 tons)
2. Poland (45.3 tons)
3. Belgium (38.7 tons)
4. Egypt (17.9 tons)
5. Lithuania (14.6 tons)

Flax Yarn Exports in the Czech Republic

In 2022, overseas shipments of flax yarns increased by 5.7% to 11 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a sharp decline.

In value terms, flax yarn exports fell to $208K in 2022. Over the period under review, exports, however, faced a abrupt slump. The smallest decline of -4% was in 2021.

Top Export Markets for Flax Yarn from the Czech Republic in 2022:

1. Pakistan (undefined tons)
2. Italy (8.6 tons)
3. Slovakia (1.2 tons)
4. Poland (0.6 tons)

Source: IndexBox Market Intelligence Platform