Flax Yarn Price in China - 2023
Contents:
- Flax Yarn Price in China (FOB) - 2022
- Flax Yarn Price in China (CIF) - 2022
- Flax Yarn Exports in China
- Flax Yarn Imports in China
Flax Yarn Price in China (FOB) - 2022
In 2022, the average flax yarn export price amounted to $12,515 per ton, rising by 27% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($15,753 per ton), while the average price for exports to South Korea ($8,412 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 India (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.
Flax Yarn Price in China (CIF) - 2022
In 2022, the average flax yarn import price amounted to $18,593 per ton, jumping by 18% against the previous year. Overall, the import price showed notable growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 161% against the previous year. As a result, import price attained the peak level of $19,415 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
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 Japan ($25,037 per ton), while the price for India ($11,190 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Macao SAR (+35.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Flax Yarn Exports in China
In 2022, the amount of flax yarns exported from China rose markedly to 30K tons, with an increase of 9.5% on the previous year. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +5.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 45%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, flax yarn exports skyrocketed to $371M in 2022. In general, exports showed prominent growth. The pace of growth was the most pronounced in 2021 when exports increased by 67%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Flax Yarn in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 47.7 | 28.9 | 47.8 | 80.7 | 19.2% |
| India | 43.0 | 21.8 | 48.4 | 64.6 | 14.5% |
| Turkey | 35.3 | 15.9 | 40.4 | 54.0 | 15.2% |
| Portugal | 27.5 | 22.9 | 34.3 | 45.5 | 18.3% |
| Bangladesh | 6.9 | 7.1 | 15.6 | 21.8 | 46.7% |
| South Korea | 32.8 | 22.0 | 22.9 | 18.6 | -17.2% |
| Lithuania | 8.5 | 6.3 | 8.8 | 15.9 | 23.2% |
| Japan | 13.6 | 6.1 | 8.8 | 14.2 | 1.4% |
| Vietnam | 9.1 | 5.4 | 2.8 | 4.2 | -22.7% |
| Others | 32.7 | 22.8 | 36.1 | 51.1 | 16.0% |
| Total | 257 | 159 | 266 | 371 | 13.0% |
Top Export Markets for Flax Yarn from China in 2022:
- Italy (6.1K tons)
- Turkey (4.2K tons)
- India (4.2K tons)
- Portugal (3.7K tons)
- Bangladesh (2.2K tons)
- South Korea (2.2K tons)
- Lithuania (1.4K tons)
- Japan (1.0K tons)
- Vietnam (0.4K tons)
Flax Yarn Imports in China
In 2022, approx. 93 tons of flax yarns were imported into China; which is down by -15.9% on 2021. Overall, imports showed a significant curtailment. The growth pace was the most rapid in 2021 with an increase of 39%.
In value terms, flax yarn imports shrank slightly to $1.7M in 2022. Over the period under review, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 75% against the previous year.
| Import of Flax Yarn in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2,106 | 644 | 1,197 | 1,139 | -18.5% |
| Japan | 614 | 204 | 256 | 152 | -37.2% |
| South Korea | 5.1 | 10.3 | 25.5 | 147 | 206.6% |
| India | N/A | N/A | 1.9 | 106 | 5478.9% |
| Taiwan (Chinese) | 21.6 | 7.3 | 12.8 | 40.2 | 23.0% |
| Bulgaria | 3.8 | 11.0 | 43.7 | 38.8 | 116.9% |
| Hong Kong SAR | N/A | N/A | 2.4 | 28.3 | 1079.2% |
| Poland | 86.0 | 16.0 | N/A | 10.2 | -50.9% |
| Belgium | 161 | 64.5 | 85.0 | N/A | -27.3% |
| Others | 60.7 | 33.3 | 112 | 67.0 | 3.3% |
| Total | 3,059 | 991 | 1,736 | 1,729 | -17.3% |
Top Suppliers of Flax Yarn to China in 2022:
- Italy (59.3 tons)
- India (9.5 tons)
- South Korea (9.3 tons)
- Japan (6.1 tons)
- Taiwan (Chinese) (2.9 tons)
- Hong Kong SAR (2.2 tons)
- Bulgaria (1.6 tons)
- Poland (0.6 tons)
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