Flax Yarn Price in the UK - 2023

Contents:

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

Flax Yarn Price in the UK (CIF) - 2023

In June 2023, the average flax yarn import price amounted to $13,426 per ton, rising by 1.6% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 an increase of 33% against the previous month. Over the period under review, average import prices attained the maximum at $16,810 per ton in April 2023; however, from May 2023 to June 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Romania ($30,067 per ton), while the price for Spain ($9,585 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by India (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Flax Yarn Price in the UK (FOB) - 2022

In 2022, the average flax yarn export price amounted to $35,861 per ton, with an increase of 42% against the previous year. In general, the export price, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by 76%. The export price peaked at $46,326 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($80,125 per ton), while the average price for exports to Japan ($12,764 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 China (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Flax Yarn Imports in the UK

In 2022, purchases abroad of flax yarns was finally on the rise to reach 572 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt slump.

In value terms, flax yarn imports surged to $7.5M in 2022. Overall, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Flax Yarn to the UK in 2022:

1. Belgium (165.4 tons)
2. France (133.8 tons)
3. China (122.1 tons)
4. Italy (97.5 tons)
5. Poland (20.8 tons)
6. Spain (14.4 tons)
7. India (9.0 tons)

Flax Yarn Exports in the UK

Flax yarn exports from the UK declined significantly to 20 tons in 2022, falling by -41.8% on 2021. Overall, exports saw a significant decline. The pace of growth appeared the most rapid in 2021 when exports increased by 65% against the previous year.

In value terms, flax yarn exports dropped significantly to $731K in 2022. In general, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year.

Top Export Markets for Flax Yarn from the UK in 2022:

1. Ireland (6.5 tons)
2. Japan (4.3 tons)
3. United States (2.3 tons)
4. Germany (2.3 tons)
5. Italy (2.0 tons)
6. Poland (1.9 tons)

Source: IndexBox Market Intelligence Platform