Flax Yarn Price in Belgium - 2023

Contents:

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

Flax Yarn Price in Belgium (CIF) - 2022

The average flax yarn import price stood at $11,155 per ton in 2022, with an increase of 32% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flax yarn import price increased by +30.4% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($12,747 per ton), while the price for Egypt ($4,506 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Flax Yarn Price in Belgium (FOB) - 2022

In 2022, the average flax yarn export price amounted to $13,078 per ton, increasing by 10% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% 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 +94.8% against 2015 indices. The growth pace was the most rapid in 2021 when the average export price increased by 48% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($17,460 per ton), while the average price for exports to China ($3,744 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 the UK (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Flax Yarn Imports in Belgium

After three years of growth, purchases abroad of flax yarns decreased by -15.2% to 3.8K tons in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +15.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 41%.

In value terms, flax yarn imports stood at $42M in 2022. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 38%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Flax Yarn to Belgium in 2022:

1. France (1170.5 tons)
2. Poland (1050.8 tons)
3. Italy (799.6 tons)
4. China (399.3 tons)
5. India (266.5 tons)

Flax Yarn Exports in Belgium

In 2022, after three years of growth, there was significant decline in shipments abroad of flax yarns, when their volume decreased by -16.9% to 736 tons. In general, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 71%. As a result, the exports attained the peak of 886 tons, and then fell notably in the following year.

In value terms, flax yarn exports dropped to $9.6M in 2022. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 152% against the previous year. As a result, the exports reached the peak of $10M, and then reduced in the following year.

Top Export Markets for Flax Yarn from Belgium in 2022:

1. France (173.5 tons)
2. Portugal (171.2 tons)
3. China (78.6 tons)
4. Turkey (67.3 tons)
5. Spain (46.6 tons)
6. Italy (40.8 tons)
7. Germany (35.6 tons)
8. Netherlands (26.5 tons)

Source: IndexBox Market Intelligence Platform