Flax Yarn Price in South Korea - 2022

Contents:

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

Flax Yarn Price in South Korea (CIF) - 2022

In December 2022, the average flax yarn import price amounted to $7,693 per ton, increasing by 34% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 an increase of 52% month-to-month. As a result, import price attained the peak level of $14,169 per ton. From May 2022 to December 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to -0.7% per month.

Flax Yarn Price in South Korea (FOB) - 2022

The average flax yarn export price stood at $8,252 per ton in 2022, dropping by -22.6% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when the average export price increased by 33%. Over the period under review, the average export prices attained the maximum at $17,346 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($8,857 per ton), while the average price for exports to China ($5,421 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 Indonesia (-2.0%), while the prices for the other major destinations experienced a decline.

Flax Yarn Imports in South Korea

In 2022, purchases abroad of flax yarns was finally on the rise to reach 3.7K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a deep reduction.

In value terms, flax yarn imports dropped to $23M in 2022. In general, imports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 0.9% against the previous year.

Top Suppliers of Flax Yarn to South Korea in 2022:

1. China (3.6K tons)

Flax Yarn Exports in South Korea

In 2022, overseas shipments of flax yarns were finally on the rise to reach 3.3 tons after two years of decline. Overall, exports, however, saw a sharp shrinkage.

In value terms, flax yarn exports soared to $27K in 2022. Over the period under review, exports, however, saw a dramatic downturn.

Top Export Markets for Flax Yarn from South Korea in 2022:

1. Indonesia (2599.0 kg)
2. China (570.0 kg)
3. Vietnam (83.0 kg)

Source: IndexBox Market Intelligence Platform