Price for Yarn; of Flax, Single in the Philippines - 2023

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

In 2022, the average yarn; of flax, single import price amounted to $51,818 per ton, jumping by 760% against the previous year. Overall, the import price saw a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -11.7% per year.

Imports of Yarn; of Flax, Single in the Philippines

In 2022, the amount of yarn; of flax, singles imported into the Philippines fell markedly to 1 kg, with a decrease of -99.9% against 2021. Overall, imports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 289% against the previous year. As a result, imports reached the peak of 755 kg, and then dropped notably in the following year.

In value terms, yarn; of flax, single imports plummeted to $57 in 2022. Over the period under review, imports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 151% against the previous year. As a result, imports attained the peak of $4.6K, and then declined dramatically in the following year.