Price for Flax; Broken or Scutched, But Not Spun in Hong Kong SAR - 2022
Contents:
- Price for Flax; Broken or Scutched, But Not Spun in Hong Kong SAR (CIF) - 2022
- Imports of Flax; Broken or Scutched, But Not Spun in Hong Kong SAR
Price for Flax; Broken or Scutched, But Not Spun in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for flax; broken or scutched, but not spuns amounted to $4,476 per ton, with an increase of 23% against the previous year. Overall, the import price showed resilient growth. The pace of growth was the most pronounced in 2018 an increase of 55% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($4,511 per ton), while the price for Belgium amounted to $4,105 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+11.2%).
Imports of Flax; Broken or Scutched, But Not Spun in Hong Kong SAR
In 2022, overseas purchases of flax; broken or scutched, but not spuns were finally on the rise to reach 4.5K tons for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated a perceptible expansion from 2019 to 2022: its volume increased at an average annual rate of +2.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of flax; broken or scutched, but not spuns surged to $20M in 2022. In general, imports recorded resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Flax; Broken or Scutched, But Not Spun in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 15.0 | 8.0 | 7.4 | 18.6 | 7.4% |
Belgium | 1.4 | 0.7 | 0.8 | 1.6 | 4.6% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 16.4 | 8.7 | 8.2 | 20.2 | 7.2% |
Top Suppliers of Flax; Broken or Scutched, But Not Spun to Hong Kong SAR in 2022:
- France (4.1K tons)
- Belgium (0.4K tons)
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This report provides an in-depth analysis of the market for flax, raw or retted in Hong Kong SAR, China.
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