Price for Flax; Broken or Scutched, But Not Spun in China - 2023
Contents:
- Price for Flax; Broken or Scutched, But Not Spun in China (CIF) - 2023
- Imports of Flax; Broken or Scutched, But Not Spun in China
Price for Flax; Broken or Scutched, But Not Spun in China (CIF) - 2023
In December 2023, the average import price for flax; broken or scutched, but not spuns amounted to $8,325 per ton, rising by 26% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +4.8%. 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 December 2023, the country with the highest price was Belgium ($9,631 per ton), while the price for Russia ($4,836 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Egypt (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Flax; Broken or Scutched, But Not Spun in China
In 2022, imports of flax; broken or scutched, but not spuns into China dropped to 134K tons, declining by -7.2% compared with 2021 figures. Overall, imports showed a perceptible setback. The pace of growth was the most pronounced in 2021 when imports increased by 27%. As a result, imports reached the peak of 145K tons, and then fell in the following year.
In value terms, imports of flax; broken or scutched, but not spuns stood at $540M in 2022. Over the period under review, imports showed a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of 27%.
| Import of Flax; Broken or Scutched, But Not Spun in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 473 | 323 | 395 | 430 | -3.1% |
| Belgium | 85.5 | 44.1 | 54.3 | 66.0 | -8.3% |
| Egypt | 17.0 | 7.9 | 22.0 | 32.0 | 23.5% |
| Others | 7.4 | 3.8 | 8.4 | 11.6 | 16.2% |
| Total | 583 | 379 | 480 | 540 | -2.5% |
Top Suppliers of Flax; Broken or Scutched, But Not Spun to China in 2022:
- France (102.6K tons)
- Belgium (15.2K tons)
- Egypt (12.3K tons)
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