Flax Yarn Price in Bulgaria - 2023
Contents:
- Flax Yarn Price in Bulgaria (CIF) - 2023
- Flax Yarn Price in Bulgaria (FOB) - 2022
- Flax Yarn Imports in Bulgaria
- Flax Yarn Exports in Bulgaria
Flax Yarn Price in Bulgaria (CIF) - 2023
The average flax yarn import price stood at $9,757 per ton in July 2023, shrinking by -58.6% against the previous month. Overall, the import price saw a perceptible descent. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 129% against the previous month. As a result, import price attained the peak level of $34,933 per ton. From October 2022 to July 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($18,387 per ton), while the price for Germany amounted to $9,616 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Ethiopia (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Flax Yarn Price in Bulgaria (FOB) - 2022
The average flax yarn export price stood at $27,995 per ton in 2022, rising by 24% against the previous year. Overall, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.3% 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 +78.6% against 2018 indices. The pace of growth appeared the most rapid in 2019 an increase of 32% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($36,900 per ton), while the average price for exports to Greece ($15,825 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 Spain (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Flax Yarn Imports in Bulgaria
In 2022, purchases abroad of flax yarns increased by 369% to 270 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, flax yarn imports skyrocketed to $4.3M in 2022. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Flax Yarn in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,377 | 621 | 348 | 2,614 | 23.8% |
| Ethiopia | N/A | N/A | N/A | 1,072 | 0% |
| Italy | 241 | 388 | 199 | 566 | 32.9% |
| Belgium | N/A | 24.3 | 66.5 | 11.1 | -32.4% |
| Portugal | 67.0 | 82.4 | 84.9 | 2.6 | -66.1% |
| Lithuania | 115 | 91.2 | 0.9 | N/A | -91.2% |
| Others | 21.1 | 26.0 | 27.9 | 2.6 | -50.2% |
| Total | 1,821 | 1,233 | 727 | 4,269 | 32.8% |
Top Suppliers of Flax Yarn to Bulgaria in 2022:
- China (168.8 tons)
- Ethiopia (72.5 tons)
- Italy (27.8 tons)
- Belgium (0.8 tons)
- Portugal (0.1 tons)
Flax Yarn Exports in Bulgaria
In 2022, shipments abroad of flax yarns decreased by -20.1% to 22 tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of 2.2% against the previous year. As a result, the exports attained the peak of 37 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, flax yarn exports dropped to $622K in 2022. Overall, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 18% against the previous year. As a result, the exports attained the peak of $896K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Flax Yarn in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 55.3 | 185 | 318 | 280 | 71.7% |
| Turkey | 15.9 | 46.4 | 34.7 | 118 | 95.1% |
| China | 3.0 | 15.6 | 49.1 | 81.6 | 200.7% |
| Lithuania | 21.8 | 19.2 | 18.1 | 26.6 | 6.9% |
| Serbia | 46.9 | 22.9 | 32.8 | 26.1 | -17.7% |
| Portugal | 14.3 | 15.9 | 40.7 | 22.3 | 16.0% |
| Madagascar | N/A | N/A | N/A | 15.8 | 0% |
| Finland | 1.4 | 1.5 | 11.5 | 13.9 | 114.9% |
| Greece | 118 | 78.2 | 54.3 | 9.1 | -57.4% |
| Romania | 39.2 | 2.9 | 4.7 | 0.1 | -86.3% |
| Hong Kong SAR | 293 | 459 | 6.4 | N/A | -85.2% |
| Vietnam | 91.0 | N/A | N/A | N/A | 0% |
| Others | 55.5 | 48.8 | 57.6 | 28.2 | -20.2% |
| Total | 756 | 896 | 628 | 622 | -6.3% |
Top Export Markets for Flax Yarn from Bulgaria in 2022:
- Romania (undefined tons)
- Italy (11.0 tons)
- Turkey (3.6 tons)
- China (2.2 tons)
- Serbia (1.0 tons)
- Lithuania (0.8 tons)
- Portugal (0.7 tons)
- Madagascar (0.6 tons)
- Finland (0.6 tons)
- Greece (0.6 tons)
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