Price for Flax; Broken or Scutched, But Not Spun in South Korea - 2022
Contents:
- Price for Flax; Broken or Scutched, But Not Spun in South Korea (CIF) - 2022
- Imports of Flax; Broken or Scutched, But Not Spun in South Korea
Price for Flax; Broken or Scutched, But Not Spun in South Korea (CIF) - 2022
In 2022, the average import price for flax; broken or scutched, but not spuns amounted to $2,895 per ton, reducing by -3% against the previous year. Over the period under review, the import price showed a pronounced reduction. The growth pace was the most rapid in 2016 an increase of 51%. Over the period under review, average import prices attained the peak figure at $4,400 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($6,175 per ton), while the price for Belgium stood at $2,688 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+12.4%).
Imports of Flax; Broken or Scutched, But Not Spun in South Korea
For the fourth year in a row, South Korea recorded growth in purchases abroad of flax; broken or scutched, but not spuns, which increased by 12% to 6.1 tons in 2022. The total import volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of flax; broken or scutched, but not spuns rose markedly to $18K in 2022. The total import value increased at an average annual rate of +8.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 8.7% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Flax; Broken or Scutched, But Not Spun in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 13.7 | 13.3 | 15.0 | 15.3 | 3.8% |
| New Zealand | N/A | 0.8 | 1.1 | 2.2 | 65.8% |
| Others | N/A | 0.8 | N/A | N/A | 0% |
| Total | 13.7 | 14.9 | 16.2 | 17.6 | 8.7% |
Top Suppliers of Flax; Broken or Scutched, But Not Spun to South Korea in 2022:
- Belgium (5.7 tons)
- New Zealand (0.4 tons)
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