Price for Yarn; of Flax, Single in Ethiopia - 2022

Contents:

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

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

The average yarn; of flax, single export price stood at $2,319 per ton in 2022, reducing by -32.3% against the previous year. Over the period under review, the export price showed a dramatic curtailment. The export price peaked at $3,425 per ton in 2021, and then shrank markedly in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($2,622 per ton) and India ($2,345 per ton), while the average price for exports to Turkey ($2,197 per ton) and Portugal ($2,234 per ton) were amongst the lowest.

From 2021 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-11.6%), while the prices for the other major destinations experienced a decline.

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

The average yarn; of flax, single import price stood at $4,299 per ton in 2022, which is down by -11.1% against the previous year. Overall, the import price showed a perceptible shrinkage. The growth pace was the most rapid in 2015 an increase of 75%. Over the period under review, average import prices attained the maximum at $23,112 per ton in 2019; however, from 2020 to 2022, import prices remained at a 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 Belgium ($4,787 per ton), while the price for China totaled $1,527 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Yarn; of Flax, Single in Ethiopia

In 2022, the amount of yarn; of flax, singles exported from Ethiopia surged to 2K tons, increasing by 204% against the year before. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, yarn; of flax, single exports skyrocketed to $4.6M in 2022. Over the period under review, exports recorded a significant expansion. 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, Single from Ethiopia in 2022:

1. Italy (754.5 tons)
2. India (625.3 tons)
3. Spain (261.3 tons)
4. Portugal (178.3 tons)
5. Bulgaria (69.9 tons)
6. Germany (19.9 tons)
7. Turkey (15.6 tons)

Imports of Yarn; of Flax, Single in Ethiopia

After two years of decline, supplies from abroad of yarn; of flax, singles increased by 2,189% to 4 tons in 2022. Over the period under review, 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, yarn; of flax, single imports soared to $17K in 2022. In general, imports, however, continue to indicate a abrupt shrinkage.

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

1. Belgium (3.4 tons)
2. China (0.6 tons)

Source: IndexBox Market Intelligence Platform