Flax Yarn Price in Romania - 2023

Contents:

1. Flax Yarn Price in Romania (CIF) - 2023
2. Flax Yarn Price in Romania (FOB) - 2022
3. Flax Yarn Imports in Romania
4. Flax Yarn Exports in Romania

Flax Yarn Price in Romania (CIF) - 2023

In June 2023, the average flax yarn import price amounted to $6,139 per ton, with an increase of 29% against the previous month. In general, the import price enjoyed noticeable growth. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 104% month-to-month. As a result, import price attained the peak level of $18,587 per ton. From March 2023 to June 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Italy ($20,706 per ton), while the price for Egypt ($3,303 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+8.1%), while the prices for the other major suppliers experienced a decline.

Flax Yarn Price in Romania (FOB) - 2022

The average flax yarn export price stood at $2,688 per ton in 2022, falling by -81.1% against the previous year. Overall, the export price recorded a deep downturn. The growth pace was the most rapid in 2017 when the average export price increased by 39% against the previous year. The export price peaked at $14,216 per ton in 2021, and then shrank dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($26,018 per ton), while the average price for exports to the Netherlands ($1,077 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 Italy (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.

Flax Yarn Imports in Romania

In 2022, the amount of flax yarns imported into Romania surged to 414 tons, picking up by 32% on the year before. The total import volume increased at an average annual rate of +9.0% from 2019 to 2022; however, the trend pattern 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.

In value terms, flax yarn imports skyrocketed to $3.5M in 2022. The total import value increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Flax Yarn to Romania in 2022:

1. Egypt (259.2 tons)
2. Italy (132.6 tons)
3. France (14.4 tons)

Flax Yarn Exports in Romania

After two years of decline, overseas shipments of flax yarns increased by 485% to 117 tons in 2022. Overall, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, flax yarn exports expanded remarkably to $314K in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Flax Yarn from Romania in 2022:

1. Netherlands (99.6 tons)
2. Italy (12.3 tons)
3. United Kingdom (2.2 tons)
4. Germany (0.3 tons)

Source: IndexBox Market Intelligence Platform