Report Update: May 1, 2024

Bangladesh - Flax Fiber - Market Analysis, Forecast, Size, Trends and Insights

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Flax Fiber Price in Bangladesh - 2022

Flax Fiber Price in Bangladesh (CIF) - 2022

In 2022, the average flax fiber import price amounted to $4,864 per ton, approximately mirroring the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 34%. The import price peaked at $4,864 per ton in 2021, and then dropped modestly in the following year.

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 ($7,900 per ton), while the price for India ($3,686 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Flax Fiber Price in Bangladesh (FOB) - 2022

In 2022, the average flax fiber export price amounted to $21,006 per ton, remaining constant against the previous year. Overall, the export price, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by 99% against the previous year. The export price peaked at $23,800 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 South Korea ($311,784 per ton), while the average price for exports to Tunisia totaled $2,324 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+49.2%).

Flax Fiber Imports in Bangladesh

In 2022, flax fiber imports into Bangladesh stood at 1.3K tons, approximately equating 2021 figures. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 1.5% against the previous year. As a result, imports reached the peak of 1.3K tons; afterwards, it flattened through to 2022.

In value terms, flax fiber imports stood at $6.5M in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 1.5%. As a result, imports reached the peak of $6.5M; afterwards, it flattened through to 2022.

Import of Flax Fiber in Bangladesh (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	1,196	1,262	1,932	2,155	21.7%
France	1,054	1,026	746	682	-13.5%
India	31.2	65.5	112	389	131.9%
Lithuania	860	856	396	140	-45.4%
Others	3,260	3,288	3,263	3,107	-1.6%
Total	6,401	6,497	6,449	6,473	0.4%

Top Suppliers of Flax Fiber to Bangladesh in 2022:

Belgium (451.1 tons)
France (137.4 tons)
India (105.6 tons)
Lithuania (17.7 tons)

Flax Fiber Exports in Bangladesh

In 2022, the amount of flax fiber exported from Bangladesh skyrocketed to 510 kg, jumping by 47% against 2021 figures. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 2,584%. As a result, the exports attained the peak of 671 kg. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, flax fiber exports soared to $11K in 2022. In general, exports saw significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 2,267% against the previous year. As a result, the exports reached the peak of $14K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Flax Fiber in Bangladesh (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	0.6	14.0	7.3	9.6	152.0%
Tunisia	N/A	N/A	N/A	1.1	0%
Others	N/A	N/A	N/A	N/A	0%
Total	0.6	14.1	7.3	10.7	161.3%

Top Export Markets for Flax Fiber from Bangladesh in 2022:

Tunisia (479.0 kg)
South Korea (31.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the flax fiber market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 773 - Flax fibre and tow

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023