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

Contents:

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

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

In November 2023, the average import price for yarn; of flax, multiple (folded) or cableds amounted to $15,895 per ton, increasing by 2.2% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 17% m-o-m. The import price peaked at $17,379 per ton in February 2023; however, from March 2023 to November 2023, import prices remained at a lower figure.

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

From November 2022 to November 2023, the rate of growth in terms of prices for China amounted to +0.6% per month.

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

The average export price for yarn; of flax, multiple (folded) or cableds stood at $9,106 per ton in 2022, jumping by 19% against the previous year. Overall, the export price recorded a mild expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 109%. The export price peaked at $11,084 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($30,417 per ton), while the average price for exports to Chile ($4,500 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 Bangladesh (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, approx. 2K tons of yarn; of flax, multiple (folded) or cableds were imported into India; with an increase of 13% against the previous year. Over the period under review, imports continue to indicate moderate growth. The pace of growth appeared the most rapid in 2021 with an increase of 105%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of yarn; of flax, multiple (folded) or cableds soared to $30M in 2022. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 162% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

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

1. China (2.0K tons)

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

For the fourth year in a row, India recorded growth in shipments abroad of yarn; of flax, multiple (folded) or cableds, which increased by 32% to 52 tons in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 52% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of yarn; of flax, multiple (folded) or cableds surged to $468K in 2022. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 78%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

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

1. Turkey (18.3 tons)
2. Portugal (13.9 tons)
3. Nepal (7.8 tons)
4. Bangladesh (7.4 tons)
5. United States (2.7 tons)

Source: IndexBox Market Intelligence Platform