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

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

The average import price for yarn; of flax, multiple (folded) or cableds stood at $5,443 per ton in 2022, dropping by -1.6% against the previous year. In general, the import price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when the average import price increased by 82% against the previous year. As a result, import price attained the peak level of $15,596 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -3.0% per year.

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

In 2022, after three years of growth, there was significant decline in overseas purchases of yarn; of flax, multiple (folded) or cableds, when their volume decreased by -62.7% to 298 kg. Overall, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 583% against the previous year. As a result, imports reached the peak of 799 kg, and then dropped markedly in the following year.

In value terms, imports of yarn; of flax, multiple (folded) or cableds contracted dramatically to $1.6K in 2022. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,447%. As a result, imports attained the peak of $10K, and then declined rapidly in the following year.