Flax Yarn Price in Austria - 2023

Contents:

1. Flax Yarn Price in Austria (CIF) - 2023
2. Flax Yarn Price in Austria (FOB) - 2022
3. Flax Yarn Imports in Austria
4. Flax Yarn Exports in Austria

Flax Yarn Price in Austria (CIF) - 2023

The average flax yarn import price stood at $23,355 per ton in July 2023, increasing by 12% against the previous month. Over the period under review, import price indicated a modest increase from July 2022 to July 2023: its price increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, flax yarn import price increased by +11.5% against June 2023 indices. The growth pace was the most rapid in October 2022 an increase of 76% m-o-m. The import price peaked at $25,324 per ton in February 2023; however, from March 2023 to July 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Italy ($22,627 per ton), while the price for France ($9,515 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Flax Yarn Price in Austria (FOB) - 2022

In 2022, the average flax yarn export price amounted to $18,691 per ton, increasing by 4.3% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flax yarn export price increased by +122.3% against 2016 indices. The pace of growth was the most pronounced in 2017 an increase of 63% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($30,564 per ton), while the average price for exports to France ($10,443 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Flax Yarn Imports in Austria

In 2022, imports of flax yarns into Austria fell to 144 tons, shrinking by -8.3% compared with the year before. Over the period under review, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year.

In value terms, flax yarn imports amounted to $2.7M in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 35%.

Top Suppliers of Flax Yarn to Austria in 2022:

1. Italy (106.4 tons)
2. Egypt (17.6 tons)
3. France (10.1 tons)
4. Belgium (4.0 tons)
5. Germany (3.9 tons)

Flax Yarn Exports in Austria

In 2022, the amount of flax yarns exported from Austria expanded to 25 tons, with an increase of 4.4% compared with the year before. Over the period under review, exports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 22%.

In value terms, flax yarn exports rose remarkably to $458K in 2022. In general, total exports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +3.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 53% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Flax Yarn from Austria in 2022:

1. Italy (20.1 tons)
2. Germany (3.2 tons)
3. Lithuania (0.7 tons)

Source: IndexBox Market Intelligence Platform