Price for Yarn; of Flax, Single in Canada - 2023

Contents:

1. Price for Yarn; of Flax, Single in Canada (CIF) - 2022
2. Price for Yarn; of Flax, Single in Canada (FOB) - 2022
3. Imports of Yarn; of Flax, Single in Canada
4. Exports of Yarn; of Flax, Single in Canada

Price for Yarn; of Flax, Single in Canada (CIF) - 2022

The average yarn; of flax, single import price stood at $2,240 per ton in 2022, dropping by -3.4% against the previous year. Over the period under review, the import price saw a perceptible reduction. The most prominent rate of growth was recorded in 2019 an increase of 14% against the previous year. The import price peaked at $2,898 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($2,242 per ton) and the United States ($2,242 per ton), while the price for Poland ($2,236 per ton) and Turkey ($2,240 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Yarn; of Flax, Single in Canada (FOB) - 2022

The average yarn; of flax, single export price stood at $16,134 per ton in 2022, increasing by 25% against the previous year. Over the period under review, the export price saw a prominent increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 80%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +243.4% per year.

Imports of Yarn; of Flax, Single in Canada

In 2022, the amount of yarn; of flax, singles imported into Canada skyrocketed to 41 tons, growing by 97% compared with 2021. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 155% against the previous year. As a result, imports attained the peak of 54 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, yarn; of flax, single imports soared to $91K in 2022. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 151%. As a result, imports reached the peak of $116K. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Yarn; of Flax, Single to Canada in 2022:

1. Lithuania (15.3 tons)
2. France (10.1 tons)
3. Poland (9.4 tons)
4. United States (2.4 tons)
5. Latvia (2.3 tons)
6. India (0.7 tons)
7. China (0.2 tons)

Exports of Yarn; of Flax, Single in Canada

Yarn; of flax, single exports from Canada fell significantly to 2 kg in 2022, declining by -96.4% compared with 2021 figures. In general, exports saw a sharp setback. The smallest decline of -9.8% was in 2021.

In value terms, yarn; of flax, single exports declined remarkably to $32 in 2022. Overall, exports saw a dramatic setback. The pace of growth was the most pronounced in 2021 with an increase of 8.5%.

Top Export Markets for Yarn; of Flax, Single from Canada in 2022:

1. South Africa (2.0 kg)

Source: IndexBox Market Intelligence Platform