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

Contents:

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

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

In 2022, the average import price for yarn; of flax, multiple (folded) or cableds amounted to $14,014 per ton, flattening at the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for yarn; of flax, multiple (folded) or cableds decreased by -27.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 110% against the previous year. As a result, import price attained the peak level of $19,217 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($30,826 per ton), while the price for Bangladesh ($1,511 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for yarn; of flax, multiple (folded) or cableds amounted to $18,761 per ton, which is down by -55.3% against the previous year. Overall, the export price, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 an increase of 80%. As a result, the export price attained the peak level of $41,961 per ton, 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 Hong Kong SAR ($24,505 per ton), while the average price for exports to India ($710 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 Hong Kong SAR (+12.4%).

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

After three years of growth, purchases abroad of yarn; of flax, multiple (folded) or cableds decreased by -66.4% to 60 tons in 2022. Overall, imports faced a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 6.9% against the previous year. As a result, imports attained the peak of 180 tons, and then declined markedly in the following year.

In value terms, imports of yarn; of flax, multiple (folded) or cableds contracted significantly to $829K in 2022. In general, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 40%.

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

1. China (33.1 tons)
2. Bangladesh (11.5 tons)
3. Bulgaria (3.9 tons)
4. Hong Kong SAR (3.8 tons)
5. France (2.3 tons)
6. Lithuania (2.0 tons)
7. Italy (1.5 tons)
8. Japan (1.2 tons)

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

In 2022, shipments abroad of yarn; of flax, multiple (folded) or cableds increased by 684% to 2.1 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of yarn; of flax, multiple (folded) or cableds surged to $29K in 2022. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Hong Kong SAR (925.0 kg)
2. India (845.0 kg)
3. Japan (223.0 kg)
4. United States (85.0 kg)

Source: IndexBox Market Intelligence Platform