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

Contents:

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

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

The average import price for yarn; of flax, multiple (folded) or cableds stood at $4,434 per ton in 2022, with an increase of 13% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 226% against the previous year. The import price peaked at $43,159 per ton in 2019; however, from 2020 to 2022, 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 +0.7% per year.

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

In 2022, the average export price for yarn; of flax, multiple (folded) or cableds amounted to $12,702 per ton, with a decrease of -36.8% against the previous year. Overall, the export price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2018 an increase of 339%. The export price peaked at $20,105 per ton in 2021, and then shrank sharply in the following year.

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 Lesotho ($6,879 per ton), while the average price for exports to Botswana ($3,211 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 Swaziland (+20.8%), while the prices for the other major destinations experienced mixed trend patterns.

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

For the fourth year in a row, South Africa recorded growth in supplies from abroad of yarn; of flax, multiple (folded) or cableds, which increased by 1,174% to 3.1 tons in 2022. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of yarn; of flax, multiple (folded) or cableds soared to $14K in 2022. Over the period under review, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. China (3.1 tons)

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

In 2022, overseas shipments of yarn; of flax, multiple (folded) or cableds decreased by -99% to 474 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 7,679%.

In value terms, exports of yarn; of flax, multiple (folded) or cableds reduced rapidly to $3.1K in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 6,410%.

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

1. Lesotho (423.0 kg)
2. Swaziland (32.0 kg)
3. Botswana (19.0 kg)

Source: IndexBox Market Intelligence Platform