Price for Flax; Broken or Scutched, But Not Spun in France - 2023
Contents:
- Price for Flax; Broken or Scutched, But Not Spun in France (FOB) - 2023
- Price for Flax; Broken or Scutched, But Not Spun in France (CIF) - 2023
- Exports of Flax; Broken or Scutched, But Not Spun in France
- Imports of Flax; Broken or Scutched, But Not Spun in France
Price for Flax; Broken or Scutched, But Not Spun in France (FOB) - 2023
The average export price for flax; broken or scutched, but not spuns stood at $8,258 per ton in October 2023, growing by 16% against the previous month. Over the period from November 2022 to October 2023, it increased at an average monthly rate of +5.6%. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 21% month-to-month. Over the period under review, the average export prices reached the maximum in October 2023.
Average prices varied somewhat for the major export markets. In October 2023, the highest price was recorded for prices to Hong Kong SAR ($9,989 per ton) and India ($9,711 per ton), while the average price for exports to Poland ($7,656 per ton) and Belgium ($8,105 per ton) were amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Flax; Broken or Scutched, But Not Spun in France (CIF) - 2023
The average import price for flax; broken or scutched, but not spuns stood at $5,160 per ton in October 2023, surging by 121% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $6,071 per ton in May 2023; however, from June 2023 to October 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Belgium.
From October 2022 to October 2023, the rate of growth in terms of prices for Latvia amounted to +3.6% per month.
Exports of Flax; Broken or Scutched, But Not Spun in France
In 2022, the amount of flax; broken or scutched, but not spuns exported from France stood at 112K tons, approximately mirroring 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 13%.
In value terms, exports of flax; broken or scutched, but not spuns soared to $436M in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Export of Flax; Broken or Scutched, But Not Spun in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 263 | 193 | 238 | 275 | 1.5% |
| Belgium | 88.8 | 53.7 | 64.4 | 87.2 | -0.6% |
| Hong Kong SAR | 15.0 | 8.1 | 7.3 | 18.5 | 7.2% |
| Lithuania | 17.1 | 6.6 | 12.1 | 14.0 | -6.4% |
| India | 20.3 | 7.8 | 17.8 | 13.9 | -11.9% |
| Poland | 11.2 | 7.8 | 11.3 | 12.4 | 3.5% |
| Vietnam | N/A | 0.3 | N/A | 1.7 | 138.0% |
| Others | 12.7 | 6.5 | 17.8 | 13.5 | 2.1% |
| Total | 428 | 284 | 369 | 436 | 0.6% |
Top Export Markets for Flax; Broken or Scutched, But Not Spun from France in 2022:
- China (68.1K tons)
- Belgium (22.5K tons)
- Hong Kong SAR (4.1K tons)
- India (3.6K tons)
- Lithuania (3.4K tons)
- Poland (2.7K tons)
- Vietnam (2.3K tons)
Imports of Flax; Broken or Scutched, But Not Spun in France
In 2022, after three years of growth, there was significant decline in supplies from abroad of flax; broken or scutched, but not spuns, when their volume decreased by -68.6% to 1.7K tons. In general, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 306%.
In value terms, imports of flax; broken or scutched, but not spuns dropped sharply to $5.7M in 2022. Over the period under review, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 359% against the previous year.
| Import of Flax; Broken or Scutched, But Not Spun in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 1.5 | 8.5 | 13.5 | 4.8 | 47.4% |
| Latvia | 0.1 | 0.2 | 1.0 | 0.8 | 100.0% |
| Netherlands | N/A | N/A | 0.2 | 0.1 | -50.0% |
| Others | 0.3 | 0.2 | 0.1 | N/A | -42.3% |
| Total | 1.9 | 8.9 | 14.8 | 5.7 | 44.2% |
Top Suppliers of Flax; Broken or Scutched, But Not Spun to France in 2022:
- Belgium (1394.4 tons)
- Latvia (250.1 tons)
- Netherlands (28.0 tons)
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