Price for Flax; Hackled or Otherwise Processed, But Not Spun in Hong Kong SAR - 2022

Contents:

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

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

The average import price for flax; hackled or otherwise processed, but not spuns stood at $5,640 per ton in 2022, increasing by 7.2% against the previous year. Overall, the import price recorded a resilient increase. The growth pace was the most rapid in 2019 an increase of 110%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Italy ($14,438 per ton), while the price for Belgium ($1,763 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for flax; hackled or otherwise processed, but not spuns amounted to $6,000 per ton, surging by 57% against the previous year. In general, the export price enjoyed a pronounced increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 163% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +28.6% per year.

Imports of Flax; Hackled or Otherwise Processed, But Not Spun in Hong Kong SAR

In 2022, supplies from abroad of flax; hackled or otherwise processed, but not spuns decreased by -4.2% to 785 tons, falling for the second year in a row after two years of growth. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 1,529% against the previous year. As a result, imports attained the peak of 1K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of flax; hackled or otherwise processed, but not spuns expanded to $4.4M in 2022. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,754%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

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

1. France (298.2 tons)
2. Belgium (280.2 tons)
3. Italy (202.1 tons)

Exports of Flax; Hackled or Otherwise Processed, But Not Spun in Hong Kong SAR

For the third consecutive year, Hong Kong SAR recorded decline in shipments abroad of flax; hackled or otherwise processed, but not spuns, which decreased by -99.7% to 1 kg in 2022. Overall, exports saw a precipitous setback. The smallest decline of -28% was in 2021.

In value terms, exports of flax; hackled or otherwise processed, but not spuns dropped sharply to $6 in 2022. In general, exports faced a precipitous curtailment. The smallest decline of -31.4% was in 2020.

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

1. Norway (1.0 kg)

Source: IndexBox Market Intelligence Platform