Flax Yarn Price in Canada - 2023

Contents:

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

Flax Yarn Price in Canada (CIF) - 2022

The average flax yarn import price stood at $4,923 per ton in 2022, falling by -6.6% against the previous year. Over the period under review, the import price saw a noticeable downturn. The growth pace was the most rapid in 2019 when the average import price increased by 74% against the previous year. Over the period under review, average import prices reached the peak figure at $9,692 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($26,843 per ton), while the price for Lithuania ($1,914 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Flax Yarn Price in Canada (FOB) - 2022

In 2022, the average flax yarn export price amounted to $24,497 per ton, surging by 4.8% against the previous year. In general, the export price saw a resilient increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 128% against the previous year. As a result, the export price attained the peak level of $26,279 per ton. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($25,976 per ton), while the average price for exports to Japan stood at $16,753 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+19.6%), while the prices for the other major destinations experienced mixed trend patterns.

Flax Yarn Imports in Canada

In 2022, approx. 48 tons of flax yarns were imported into Canada; jumping by 106% compared with the previous year's figure. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 117%. As a result, imports reached the peak of 56 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, flax yarn imports skyrocketed to $235K in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Flax Yarn to Canada in 2022:

1. Lithuania (14.2 tons)
2. France (10.8 tons)
3. United States (4.6 tons)
4. Latvia (3.5 tons)
5. Poland (3.2 tons)
6. China (1.9 tons)
7. Italy (1.7 tons)
8. Uruguay (1.3 tons)
9. United Kingdom (1.2 tons)
10. Norway (1.2 tons)
11. India (1.0 tons)
12. Belgium (0.7 tons)

Flax Yarn Exports in Canada

In 2022, shipments abroad of flax yarns increased by 10% to 2.6 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a abrupt downturn.

In value terms, flax yarn exports skyrocketed to $63K in 2022. Over the period under review, exports, however, faced a abrupt slump.

Top Export Markets for Flax Yarn from Canada in 2022:

1. United States (2187.0 kg)
2. Japan (394.0 kg)

Source: IndexBox Market Intelligence Platform