Price for Flax; Hackled or Otherwise Processed, But Not Spun in Bulgaria - 2023

Contents:

1. Price for Flax; Hackled or Otherwise Processed, But Not Spun in Bulgaria (CIF) - 2022
2. Price for Flax; Hackled or Otherwise Processed, But Not Spun in Bulgaria (FOB) - 2022
3. Imports of Flax; Hackled or Otherwise Processed, But Not Spun in Bulgaria
4. Exports of Flax; Hackled or Otherwise Processed, But Not Spun in Bulgaria

Price for Flax; Hackled or Otherwise Processed, But Not Spun in Bulgaria (CIF) - 2022

In 2022, the average import price for flax; hackled or otherwise processed, but not spuns amounted to $3,405 per ton, almost unchanged from the previous year. Overall, the import price, however, showed a deep slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by 14%. Over the period under review, average import prices reached the peak figure at $11,386 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Egypt ($3,861 per ton), while the price for Belgium totaled $3,393 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+7.3%).

Price for Flax; Hackled or Otherwise Processed, But Not Spun in Bulgaria (FOB) - 2022

The average export price for flax; hackled or otherwise processed, but not spuns stood at $4,889 per ton in 2021, rising by 3.1% against the previous year. Over the period under review, export price indicated a measured expansion from 2013 to 2021: its price increased at an average annual rate of +2.8% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for flax; hackled or otherwise processed, but not spuns increased by +68.6% against 2015 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2013 to 2021, the rate of growth in terms of prices for Russia amounted to +6.5% per year.

Imports of Flax; Hackled or Otherwise Processed, But Not Spun in Bulgaria

In 2022, imports of flax; hackled or otherwise processed, but not spuns into Bulgaria declined dramatically to 282 tons, which is down by -24.7% on the year before. Overall, imports continue to indicate a noticeable setback. The growth pace was the most rapid in 2021 when imports increased by 69% against the previous year. As a result, imports reached the peak of 375 tons, and then shrank significantly in the following year.

In value terms, imports of flax; hackled or otherwise processed, but not spuns shrank rapidly to $961K in 2022. In general, imports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 78% against the previous year. As a result, imports attained the peak of $1.3M, and then fell rapidly in the following year.

Top Suppliers of Flax; Hackled or Otherwise Processed, But Not Spun to Bulgaria in 2022:

1. Belgium (275.2 tons)
2. Egypt (6.9 tons)

Exports of Flax; Hackled or Otherwise Processed, But Not Spun in Bulgaria

Exports of flax; hackled or otherwise processed, but not spuns from Bulgaria reduced to 3.4 tons in 2021, which is down by -6.6% on the year before. Overall, exports showed a precipitous contraction.

In value terms, exports of flax; hackled or otherwise processed, but not spuns fell modestly to $16K in 2021. In general, exports continue to indicate a abrupt slump.

Top Export Markets for Flax; Hackled or Otherwise Processed, But Not Spun from Bulgaria in 2022:

1. Russia (3.3 tons)

Source: IndexBox Market Intelligence Platform