Price for Flax; Hackled or Otherwise Processed, But Not Spun in Italy - 2023
Contents:
- Price for Flax; Hackled or Otherwise Processed, But Not Spun in Italy (FOB) - 2023
- Price for Flax; Hackled or Otherwise Processed, But Not Spun in Italy (CIF) - 2022
- Exports of Flax; Hackled or Otherwise Processed, But Not Spun in Italy
- Imports of Flax; Hackled or Otherwise Processed, But Not Spun in Italy
Price for Flax; Hackled or Otherwise Processed, But Not Spun in Italy (FOB) - 2023
In November 2023, the average export price for flax; hackled or otherwise processed, but not spuns amounted to $91,883 per ton, growing by 5.1% against the previous month. In general, the export price recorded temperate growth. The growth pace was the most rapid in July 2023 when the average export price increased by 81% month-to-month. The export price peaked at $132K per ton in August 2023; however, from September 2023 to November 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Hong Kong SAR ($172K per ton), while the average price for exports to Russia ($6,582 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.1%), 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 Italy (CIF) - 2022
In 2022, the average import price for flax; hackled or otherwise processed, but not spuns amounted to $6,033 per ton, increasing by 7.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2021 an increase of 23% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.
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 Germany ($10,223 per ton), while the price for Egypt ($3,483 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+6.9%), 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 Italy
In 2022, approx. 1.5K tons of flax; hackled or otherwise processed, but not spuns were exported from Italy; rising by 15% on 2021 figures. Over the period under review, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 88% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of flax; hackled or otherwise processed, but not spuns soared to $71M in 2022. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 135% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Flax; Hackled or Otherwise Processed, But Not Spun in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | 12.7 | 18.2 | 43.3% |
| United States | 2.5 | 3.9 | 5.6 | 9.1 | 53.8% |
| Turkey | 2.1 | 1.4 | 3.7 | 6.0 | 41.9% |
| China | 1.3 | 2.0 | 3.7 | 5.0 | 56.7% |
| Lithuania | 4.3 | 2.4 | 3.8 | 3.4 | -7.5% |
| Japan | 1.5 | 1.6 | 1.9 | 3.3 | 30.1% |
| Hong Kong SAR | 1.1 | 1.7 | 3.0 | 2.9 | 38.1% |
| Tunisia | 1.2 | 0.4 | 1.0 | 1.6 | 10.1% |
| Others | 5.7 | 7.5 | 13.9 | 21.2 | 54.9% |
| Total | 19.8 | 20.9 | 49.2 | 70.8 | 52.9% |
Top Export Markets for Flax; Hackled or Otherwise Processed, But Not Spun from Italy in 2022:
- Lithuania (557.1 tons)
- Tunisia (257.2 tons)
- United Kingdom (177.0 tons)
- United States (101.3 tons)
- Turkey (63.8 tons)
- China (46.9 tons)
- Japan (28.1 tons)
- Hong Kong SAR (27.1 tons)
Imports of Flax; Hackled or Otherwise Processed, But Not Spun in Italy
In 2022, purchases abroad of flax; hackled or otherwise processed, but not spuns decreased by -53.8% to 2K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 100%. As a result, imports reached the peak of 4.3K tons, and then contracted rapidly in the following year.
In value terms, imports of flax; hackled or otherwise processed, but not spuns contracted sharply to $12M in 2022. Overall, imports, however, showed resilient growth. The growth pace was the most rapid in 2021 when imports increased by 146% against the previous year. As a result, imports attained the peak of $24M, and then shrank markedly in the following year.
| Import of Flax; Hackled or Otherwise Processed, But Not Spun in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 2.7 | 2.1 | 5.4 | 5.8 | 29.0% |
| Belgium | 2.9 | 1.4 | 1.9 | 4.0 | 11.3% |
| Austria | 0.3 | 0.2 | 8.1 | 0.8 | 38.7% |
| Romania | 1.1 | 5.3 | 0.4 | 0.7 | -14.0% |
| Egypt | 0.7 | 0.7 | 0.6 | 0.7 | 0.0% |
| Spain | 0.2 | N/A | 1.5 | N/A | 173.9% |
| Germany | 0.1 | 0.1 | 2.3 | N/A | 379.6% |
| Others | 0.4 | 0.1 | 4.1 | 0.1 | -37.0% |
| Total | 8.4 | 9.9 | 24.4 | 12.1 | 12.9% |
Top Suppliers of Flax; Hackled or Otherwise Processed, But Not Spun to Italy in 2022:
- Lithuania (939.5 tons)
- Belgium (561.5 tons)
- Egypt (205.7 tons)
- Austria (167.3 tons)
- Romania (119.2 tons)
- Germany (0.1 tons)
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