Price for Flax; Hackled or Otherwise Processed, But Not Spun in South Africa - 2024
Contents:
- Price for Flax; Hackled or Otherwise Processed, But Not Spun in South Africa (CIF) - 2022
- Price for Flax; Hackled or Otherwise Processed, But Not Spun in South Africa (FOB) - 2022
- Imports of Flax; Hackled or Otherwise Processed, But Not Spun in South Africa
- Exports of Flax; Hackled or Otherwise Processed, But Not Spun in South Africa
Price for Flax; Hackled or Otherwise Processed, But Not Spun in South Africa (CIF) - 2022
The average import price for flax; hackled or otherwise processed, but not spuns stood at $3,345 per ton in 2022, shrinking by -15.1% against the previous year. Over the period under review, the import price continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2019 when the average import price increased by 21%. Over the period under review, average import prices hit record highs at $4,551 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
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 Belgium ($30,271 per ton), while the price for Egypt stood at $3,069 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+20.7%), while the prices for the other major suppliers experienced a decline.
Price for Flax; Hackled or Otherwise Processed, But Not Spun in South Africa (FOB) - 2022
The average export price for flax; hackled or otherwise processed, but not spuns stood at $5,486 per ton in 2022, with an increase of 19% against the previous year. Over the period under review, the export price, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by 239%. As a result, the export price attained the peak level of $25,447 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($9,938 per ton), while the average price for exports to Botswana ($2,058 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 Namibia (-8.1%).
Imports of Flax; Hackled or Otherwise Processed, But Not Spun in South Africa
In 2022, supplies from abroad of flax; hackled or otherwise processed, but not spuns decreased by -51.7% to 21 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 10% against the previous year.
In value terms, imports of flax; hackled or otherwise processed, but not spuns reduced remarkably to $71K in 2022. Overall, imports saw a sharp setback. The pace of growth was the most pronounced in 2020 when imports increased by 24% against the previous year. As a result, imports reached the peak of $196K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Flax; Hackled or Otherwise Processed, But Not Spun in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 72.4 | 144 | 146 | 64.5 | -3.8% |
| Belgium | 84.0 | 22.3 | 25.7 | 6.4 | -57.6% |
| Others | 1.3 | 29.7 | 1.6 | 0.3 | -38.7% |
| Total | 158 | 196 | 174 | 71.2 | -23.3% |
Top Suppliers of Flax; Hackled or Otherwise Processed, But Not Spun to South Africa in 2022:
- Egypt (21.0 tons)
- Belgium (0.2 tons)
Exports of Flax; Hackled or Otherwise Processed, But Not Spun in South Africa
In 2022, approx. 1.5 tons of flax; hackled or otherwise processed, but not spuns were exported from South Africa; jumping by 46% compared with the previous year's figure. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 519% against the previous year. Over the period under review, the exports of reached the peak figure 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 skyrocketed to $8.2K in 2022. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 266%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.
| Export of Flax; Hackled or Otherwise Processed, But Not Spun in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | 6.2 | 0% |
| Botswana | 1.1 | 4.9 | 2.8 | 1.2 | 2.9% |
| Namibia | N/A | N/A | 0.6 | 0.8 | 33.3% |
| Angola | N/A | N/A | 1.3 | N/A | 0% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 1.3 | 4.9 | 4.7 | 8.2 | 84.8% |
Top Export Markets for Flax; Hackled or Otherwise Processed, But Not Spun from South Africa in 2022:
- Germany (625.0 kg)
- Botswana (587.0 kg)
- Namibia (280.0 kg)
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