Price for Flax, Tow and Waste in Lithuania - 2023

Contents:

1. Price for Flax, Tow and Waste in Lithuania (FOB) - 2022
2. Price for Flax, Tow and Waste in Lithuania (CIF) - 2022
3. Exports of Flax, Tow and Waste in Lithuania
4. Imports of Flax, Tow and Waste in Lithuania

Price for Flax, Tow and Waste in Lithuania (FOB) - 2022

The average flax, tow and waste export price stood at $1,162 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,454 per ton), while the average price for exports to France ($658 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 Poland (+4.7%), while the prices for the other major destinations experienced a decline.

Price for Flax, Tow and Waste in Lithuania (CIF) - 2022

In 2022, the average flax, tow and waste import price amounted to $1,001 per ton, growing by 2.5% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 32%. Over the period under review, average import prices hit record highs at $1,002 per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($5,256 per ton), while the price for Belgium ($372 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Flax, Tow and Waste in Lithuania

In 2022, the amount of flax, tow and waste exported from Lithuania totaled 4K tons, surging by 5.6% on the previous year's figure. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 10% against the previous year.

In value terms, flax, tow and waste exports rose sharply to $4.6M in 2022. The total export value increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 25% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Flax, Tow and Waste from Lithuania in 2022:

1. France (2480.9 tons)
2. United States (826.4 tons)
3. Egypt (404.9 tons)
4. Poland (140.9 tons)
5. Belgium (57.2 tons)

Imports of Flax, Tow and Waste in Lithuania

In 2022, after two years of decline, there was significant growth in overseas purchases of flax, tow and waste, when their volume increased by 29% to 4.1K tons. Overall, imports, however, recorded a pronounced setback.

In value terms, flax, tow and waste imports skyrocketed to $4.1M in 2022. In general, imports, however, recorded a pronounced descent.

Top Suppliers of Flax, Tow and Waste to Lithuania in 2022:

1. France (2715.2 tons)
2. Belgium (663.9 tons)
3. Belarus (395.0 tons)
4. Hungary (149.3 tons)
5. Russia (71.4 tons)

Source: IndexBox Market Intelligence Platform