Price for Yarn; of Flax, Multiple (Folded) or Cabled in Belgium - 2023

Contents:

1. Price for Yarn; of Flax, Multiple (Folded) or Cabled in Belgium (CIF) - 2022
2. Price for Yarn; of Flax, Multiple (Folded) or Cabled in Belgium (FOB) - 2023
3. Imports of Yarn; of Flax, Multiple (Folded) or Cabled in Belgium
4. Exports of Yarn; of Flax, Multiple (Folded) or Cabled in Belgium

Price for Yarn; of Flax, Multiple (Folded) or Cabled in Belgium (CIF) - 2022

The average import price for yarn; of flax, multiple (folded) or cableds stood at $12,830 per ton in 2022, with an increase of 21% against the previous year. Over the last decade, it increased at an average annual rate of +4.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($13,826 per ton), while the price for Poland ($9,410 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Yarn; of Flax, Multiple (Folded) or Cabled in Belgium (FOB) - 2023

The average export price for yarn; of flax, multiple (folded) or cableds stood at $17,381 per ton in December 2023, rising by 8.3% against the previous month. In general, export price indicated a modest increase from December 2022 to December 2023: its price increased at an average monthly rate of +1.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for yarn; of flax, multiple (folded) or cableds increased by +1.3% against September 2023 indices. The pace of growth was the most pronounced in September 2023 an increase of 100% against the previous month. Over the period under review, the average export prices reached the peak figure in December 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Portugal ($56,738 per ton), while the average price for exports to the Netherlands ($9,997 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Yarn; of Flax, Multiple (Folded) or Cabled in Belgium

In 2022, after three years of growth, there was significant decline in purchases abroad of yarn; of flax, multiple (folded) or cableds, when their volume decreased by -22% to 739 tons. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 51%.

In value terms, imports of yarn; of flax, multiple (folded) or cableds fell to $9.5M in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 49% against the previous year.

Top Suppliers of Yarn; of Flax, Multiple (Folded) or Cabled to Belgium in 2022:

1. France (400.0 tons)
2. Italy (326.5 tons)
3. Poland (9.2 tons)

Exports of Yarn; of Flax, Multiple (Folded) or Cabled in Belgium

For the fourth consecutive year, Belgium recorded growth in shipments abroad of yarn; of flax, multiple (folded) or cableds, which increased by 12% to 124 tons in 2022. The total export volume increased at an average annual rate of +11.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of yarn; of flax, multiple (folded) or cableds expanded significantly to $1.5M in 2022. The total export value increased at an average annual rate of +11.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 16%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Yarn; of Flax, Multiple (Folded) or Cabled from Belgium in 2022:

1. China (38.8 tons)
2. France (27.0 tons)
3. Netherlands (26.7 tons)
4. Germany (8.0 tons)
5. Portugal (4.9 tons)
6. United States (4.2 tons)
7. United Kingdom (2.6 tons)
8. Spain (1.4 tons)
9. Denmark (0.6 tons)

Source: IndexBox Market Intelligence Platform