Flax Fabric Market

Flax fabric market: download the most recent facts and figures powered by an Ai-driven market research platform. Data cover companies, exports, consumption, imports, market size, production, market prices, and trade. Here is a split by country, including Russia, the U.K., China, the U.S., Africa, EU, Latin America, and the Middle East. Market dynamics and outlook to 2030 are also provided in the reports.

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Flax Fabric - World's Largest Markets

In value terms, China led the market, alone. The second position in the ranking was occupied by the United States. It was followed by Bangladesh.

In China, the flax fabric market increased at an average annual rate of +22.5% over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: the United States (+4.2% per year) and Bangladesh (-11.9% per year).

Flax Fabric Prices

Flax Fabric - Top Importers

In value terms, the largest flax fabric importing markets worldwide were Bangladesh ($171M), the United States ($94M) and Vietnam ($67M), with a combined 33% share of global imports. Italy, Indonesia, Spain, the UK, South Korea, Turkey, Japan, Lithuania, Sri Lanka and the Netherlands lagged somewhat behind, together accounting for a further 29%.

Among the main importing countries, Indonesia (+52.7% per year) recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Flax Fabric - Top Exporters

In value terms, China ($578M) remains the largest flax fabric supplier worldwide, comprising 50% of global exports. The second position in the ranking was occupied by Italy ($132M), with a 11% share of global exports. It was followed by Belgium, with a 5.8% share.

From 2018 to 2020, the average annual rate of growth in terms of value in China stood at +4.4%. In the other countries, the average annual rates were as follows: Italy (-11.8% per year) and Belgium (+0.4% per year).

Flax Fabric - Market Forecast

Driven by rising demand for flax fabric worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Flax Fabric - Product Coverage

• HS 530911 - Fabrics, woven; of flax, containing 85% or more flax, unbleached or bleached
• HS 530919 - Fabrics, woven; of flax, containing 85% or more flax, other than bleached or unbleached
• HS 530921 - Fabrics, woven; of flax, containing less than 85% flax, unbleached or bleached
• HS 530929 - Fabrics, woven; of flax, containing less than 85% flax, other than unbleached or bleached

Source: IndexBox Market Intelligence Platform