Price for Flax; Hackled or Otherwise Processed, But Not Spun in Belgium - 2023
Contents:
- Price for Flax; Hackled or Otherwise Processed, But Not Spun in Belgium (FOB) - 2022
- Price for Flax; Hackled or Otherwise Processed, But Not Spun in Belgium (CIF) - 2023
- Exports of Flax; Hackled or Otherwise Processed, But Not Spun in Belgium
- Imports of Flax; Hackled or Otherwise Processed, But Not Spun in Belgium
Price for Flax; Hackled or Otherwise Processed, But Not Spun in Belgium (FOB) - 2022
In 2022, the average export price for flax; hackled or otherwise processed, but not spuns amounted to $1,668 per ton, falling by -2% against the previous year. Over the period under review, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 30%. The export price peaked at $2,878 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($6,956 per ton), while the average price for exports to the Netherlands ($178 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Flax; Hackled or Otherwise Processed, But Not Spun in Belgium (CIF) - 2023
The average import price for flax; hackled or otherwise processed, but not spuns stood at $2,842 per ton in November 2023, growing by 22% against the previous month. Overall, the import price recorded a strong increase. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 36% against the previous month. The import price peaked in November 2023.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Egypt ($8,483 per ton), while the price for China ($1,412 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Flax; Hackled or Otherwise Processed, But Not Spun in Belgium
In 2022, exports of flax; hackled or otherwise processed, but not spuns from Belgium rose rapidly to 55K tons, surging by 15% on the previous year. The total export volume increased at an average annual rate of +10.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 21%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of flax; hackled or otherwise processed, but not spuns expanded sharply to $92M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +5.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 41% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Export of Flax; Hackled or Otherwise Processed, But Not Spun in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 30.7 | 21.4 | 28.2 | 41.5 | 10.6% |
| India | 15.8 | 9.3 | 12.4 | 13.6 | -4.9% |
| Turkey | 6.0 | 5.3 | 8.1 | 9.7 | 17.4% |
| France | 6.8 | 5.2 | 6.3 | 3.5 | -19.9% |
| Netherlands | 2.4 | 2.7 | 3.0 | 2.7 | 4.0% |
| Vietnam | N/A | 0.1 | N/A | 1.2 | 246.4% |
| Germany | 0.5 | 0.4 | 0.9 | 0.5 | 0.0% |
| Others | 15.6 | 13.1 | 22.5 | 18.9 | 6.6% |
| Total | 77.7 | 57.6 | 81.4 | 91.6 | 5.6% |
Top Export Markets for Flax; Hackled or Otherwise Processed, But Not Spun from Belgium in 2022:
- China (19.4K tons)
- Netherlands (15.0K tons)
- India (6.9K tons)
- Turkey (2.9K tons)
- France (2.2K tons)
- Vietnam (1.4K tons)
- Germany (1.2K tons)
Imports of Flax; Hackled or Otherwise Processed, But Not Spun in Belgium
After three years of growth, overseas purchases of flax; hackled or otherwise processed, but not spuns decreased by -7% to 13K tons in 2022. The total import volume increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 21%. As a result, imports attained the peak of 14K tons, and then reduced in the following year.
In value terms, imports of flax; hackled or otherwise processed, but not spuns reached $21M in 2022. The total import value increased at an average annual rate of +6.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Flax; Hackled or Otherwise Processed, But Not Spun in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 12.6 | 12.1 | 15.4 | 16.4 | 9.2% |
| Egypt | 1.8 | 1.4 | 1.6 | 1.2 | -12.6% |
| Russia | 0.1 | 0.1 | 0.8 | 1.0 | 115.4% |
| Lithuania | 0.2 | 0.3 | 0.2 | 0.9 | 65.1% |
| Belarus | 2.3 | 1.4 | 2.2 | 0.7 | -32.7% |
| Netherlands | 0.2 | 0.3 | 0.3 | 0.3 | 14.5% |
| Others | 0.3 | 0.8 | 0.7 | 0.6 | 26.0% |
| Total | 17.5 | 16.4 | 21.2 | 21.2 | 6.6% |
Top Suppliers of Flax; Hackled or Otherwise Processed, But Not Spun to Belgium in 2022:
- France (11.3K tons)
- Russia (0.5K tons)
- Belarus (0.4K tons)
- Netherlands (0.3K tons)
- Egypt (0.3K tons)
- Lithuania (0.3K tons)
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