Price for Flax; Broken or Scutched, But Not Spun in New Zealand - 2024
Contents:
- Price for Flax; Broken or Scutched, But Not Spun in New Zealand (FOB) - 2022
- Exports of Flax; Broken or Scutched, But Not Spun in New Zealand
Price for Flax; Broken or Scutched, But Not Spun in New Zealand (FOB) - 2022
The average export price for flax; broken or scutched, but not spuns stood at $45,882 per ton in 2022, with a decrease of -17.1% against the previous year. In general, export price indicated a mild increase from 2018 to 2022: its price increased at an average annual rate of +1.1% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 an increase of 49%. The export price peaked at $55,364 per ton in 2021, and then declined remarkably in the following year.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($57,000 per ton), while the average price for exports to Australia totaled $43,500 per ton.
From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+93.5%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Flax; Broken or Scutched, But Not Spun in New Zealand
Exports of flax; broken or scutched, but not spuns from New Zealand surged to 17 kg in 2022, jumping by 55% against 2021. In general, exports recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by 114%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of flax; broken or scutched, but not spuns skyrocketed to $780 in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 220%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Export of Flax; Broken or Scutched, But Not Spun in New Zealand (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 12.0 | 233 | 182 | 609 | 270.2% |
| United States | 190 | 364 | 366 | 171 | -3.5% |
| Spain | N/A | N/A | 6.0 | N/A | 0% |
| South Korea | N/A | 103 | 55.0 | N/A | -46.6% |
| Hungary | 17.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 219 | 700 | 609 | 780 | 52.7% |
Top Export Markets for Flax; Broken or Scutched, But Not Spun from New Zealand in 2022:
- Australia (14.0 kg)
- United States (3.0 kg)
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