Price for Flax; Hackled or Otherwise Processed, But Not Spun in Morocco - 2023
Contents:
- Price for Flax; Hackled or Otherwise Processed, But Not Spun in Morocco (CIF) - 2022
- Imports of Flax; Hackled or Otherwise Processed, But Not Spun in Morocco
Price for Flax; Hackled or Otherwise Processed, But Not Spun in Morocco (CIF) - 2022
The average import price for flax; hackled or otherwise processed, but not spuns stood at $15,008 per ton in 2022, jumping by 23% against the previous year. Over the period under review, the import price posted strong growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 125% against the previous year. The import price peaked in 2022 and is likely to see gradual 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 ($50,005 per ton), while the price for Egypt ($2,092 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.4%), while the prices for the other major suppliers experienced a decline.
Imports of Flax; Hackled or Otherwise Processed, But Not Spun in Morocco
In 2022, supplies from abroad of flax; hackled or otherwise processed, but not spuns decreased by -76.3% to 5.7 tons, falling for the second consecutive year after two years of growth. In general, imports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. As a result, imports attained the peak of 54 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of flax; hackled or otherwise processed, but not spuns shrank sharply to $85K in 2022. Over the period under review, imports faced a sharp decline. The pace of growth appeared the most rapid in 2020 with an increase of 35% against the previous year.
| Import of Flax; Hackled or Otherwise Processed, But Not Spun in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 4.0 | 118 | 137 | 59.5 | 145.9% |
| Turkey | 87.1 | 78.1 | 105 | 11.9 | -48.5% |
| France | 25.9 | 28.3 | 19.4 | 5.7 | -39.6% |
| Belgium | 36.9 | 26.8 | 14.7 | 3.9 | -52.7% |
| Egypt | 59.4 | 36.4 | 15.3 | 3.5 | -61.1% |
| Others | 1.1 | 1.3 | 1.3 | 1.0 | -3.1% |
| Total | 214 | 289 | 293 | 85.5 | -26.3% |
Top Suppliers of Flax; Hackled or Otherwise Processed, But Not Spun to Morocco in 2022:
- Egypt (1690.0 kg)
- Belgium (1238.0 kg)
- Italy (1189.0 kg)
- France (1094.0 kg)
- Turkey (420.0 kg)
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