Flax Yarn Price in Lithuania - 2023

Contents:

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

Flax Yarn Price in Lithuania (FOB) - 2023

In September 2023, the average flax yarn export price amounted to $14,811 per ton, surging by 15% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.6%. The most prominent rate of growth was recorded in April 2023 an increase of 30% m-o-m. The export price peaked at $15,189 per ton in July 2023; however, from August 2023 to September 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Italy ($19,545 per ton), while the average price for exports to France totaled $3,398 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.3%).

Flax Yarn Price in Lithuania (CIF) - 2023

The average flax yarn import price stood at $11,114 per ton in September 2023, falling by -6.3% against the previous month. In general, the import price saw a mild downturn. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 30% against the previous month. The import price peaked at $15,588 per ton in May 2023; however, from June 2023 to September 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Italy ($21,107 per ton), while the price for Egypt ($2,727 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Flax Yarn Exports in Lithuania

In 2022, flax yarn exports from Lithuania amounted to 2.3K tons, growing by 12% on the previous year. Overall, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, flax yarn exports skyrocketed to $25M in 2022. The total export value increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Flax Yarn from Lithuania in 2022:

1. Italy (1511.0 tons)
2. France (705.1 tons)
3. Poland (73.7 tons)

Flax Yarn Imports in Lithuania

Flax yarn imports into Lithuania skyrocketed to 1.5K tons in 2022, increasing by 29% against the year before. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 49% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, flax yarn imports soared to $16M in 2022. Over the period under review, imports showed a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 45%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Flax Yarn to Lithuania in 2022:

1. China (1361.0 tons)
2. Italy (64.0 tons)
3. Bangladesh (42.6 tons)
4. Poland (8.2 tons)

Source: IndexBox Market Intelligence Platform