Price for Flax; Hackled or Otherwise Processed, But Not Spun in South Korea - 2022

Contents:

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

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

In 2022, the average import price for flax; hackled or otherwise processed, but not spuns amounted to $4,108 per ton, with a decrease of -13.3% against the previous year. Overall, the import price, however, continues to indicate a tangible increase. The most prominent rate of growth was recorded in 2016 an increase of 102% against the previous year. As a result, import price reached the peak level of $8,634 per ton. From 2017 to 2022, the average import prices remained 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 Italy ($17,586 per ton), while the price for France ($473 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+10.5%), while the prices for the other major suppliers experienced a decline.

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

The average export price for flax; hackled or otherwise processed, but not spuns stood at $3,173 per ton in 2022, reducing by -24.9% against the previous year. Over the period under review, the export price saw a perceptible descent. The pace of growth appeared the most rapid in 2013 when the average export price increased by 96% against the previous year. Over the period under review, the average export prices attained the peak figure at $11,150 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($26,935 per ton), while the average price for exports to Vietnam ($966 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 Italy (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of flax; hackled or otherwise processed, but not spuns imported into South Korea surged to 53 tons, growing by 89% against 2021 figures. Overall, imports showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 332% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of flax; hackled or otherwise processed, but not spuns soared to $216K in 2022. Over the period under review, imports saw a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 195% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

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

1. France (36.6 tons)
2. Italy (11.0 tons)
3. Belgium (4.3 tons)
4. China (0.6 tons)

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

In 2022, approx. 3.4 tons of flax; hackled or otherwise processed, but not spuns were exported from South Korea; falling by -28.7% compared with 2021 figures. In general, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2021 with an increase of 2,999% against the previous year. As a result, the exports attained the peak of 4.8 tons, and then reduced sharply in the following year.

In value terms, exports of flax; hackled or otherwise processed, but not spuns fell remarkably to $11K in 2022. Over the period under review, exports continue to indicate a slight downturn. The pace of growth appeared the most rapid in 2021 with an increase of 2,260%. As a result, the exports attained the peak of $20K, and then fell dramatically in the following year.

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

1. China (2703.0 kg)
2. Indonesia (382.0 kg)
3. Vietnam (174.0 kg)
4. Tanzania (54.0 kg)
5. Italy (46.0 kg)
6. South Africa (43.0 kg)

Source: IndexBox Market Intelligence Platform