Flax Yarn Price in Singapore - 2022

Contents:

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

Flax Yarn Price in Singapore (CIF) - 2022

The average flax yarn import price stood at $17,063 per ton in 2022, growing by 110% against the previous year. In general, the import price showed a remarkable increase. The import price peaked at $31,078 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($17,385 per ton), while the price for Egypt amounted to $7,531 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Flax Yarn Price in Singapore (FOB) - 2022

The average flax yarn export price stood at $25,340 per ton in 2022, which is down by -17.5% against the previous year. Over the period under review, the export price, however, recorded a resilient expansion. The growth pace was the most rapid in 2016 when the average export price increased by 300% against the previous year. Over the period under review, the average export prices attained the peak figure at $37,525 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($27,575 per ton), while the average price for exports to Indonesia amounted to $4,153 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+17.0%), while the prices for the other major destinations experienced mixed trend patterns.

Flax Yarn Imports in Singapore

Flax yarn imports into Singapore declined dramatically to 700 kg in 2022, which is down by -75.7% against 2021 figures. In general, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 4,781%. As a result, imports reached the peak of 2.9 tons, and then contracted sharply in the following year.

In value terms, flax yarn imports dropped notably to $12K in 2022. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 4,519% against the previous year. As a result, imports attained the peak of $23K, and then shrank dramatically in the following year.

Top Suppliers of Flax Yarn to Singapore in 2022:

1. Germany (677.0 kg)
2. Egypt (23.0 kg)

Flax Yarn Exports in Singapore

After two years of decline, shipments abroad of flax yarns increased by 67% to 195 kg in 2022. Overall, exports, however, faced a dramatic decrease.

In value terms, flax yarn exports soared to $4.9K in 2022. Over the period under review, exports, however, faced a precipitous setback.

Top Export Markets for Flax Yarn from Singapore in 2022:

1. Malaysia (176.0 kg)
2. Indonesia (19.0 kg)

Source: IndexBox Market Intelligence Platform