Flax Yarn Price in Spain - 2023

Contents:

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

Flax Yarn Price in Spain (CIF) - 2023

In July 2023, the average flax yarn import price amounted to $10,871 per ton, falling by -19.4% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 29% against the previous month. The import price peaked at $16,576 per ton in April 2023; however, from May 2023 to July 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($17,875 per ton), while the price for Egypt ($4,211 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by India (+28.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Flax Yarn Price in Spain (FOB) - 2023

In July 2023, the average flax yarn export price amounted to $9,005 per ton, reducing by -25.5% against the previous month. Overall, the export price recorded a slight shrinkage. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 33% against the previous month. As a result, the export price reached the peak level of $12,847 per ton. From June 2023 to July 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Denmark ($12,074 per ton), while the average price for exports to Portugal ($7,860 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Flax Yarn Imports in Spain

Flax yarn imports into Spain contracted to 1.3K tons in 2022, which is down by -5.7% against 2021 figures. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +10.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 60%. As a result, imports attained the peak of 1.3K tons, and then shrank in the following year.

In value terms, flax yarn imports skyrocketed to $17M in 2022. In general, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 74%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Flax Yarn to Spain in 2022:

1. China (399.4 tons)
2. Italy (263.2 tons)
3. Portugal (203.7 tons)
4. Egypt (120.1 tons)
5. France (106.9 tons)
6. Poland (81.6 tons)
7. Ethiopia (64.8 tons)

Flax Yarn Exports in Spain

For the fourth consecutive year, Spain recorded growth in overseas shipments of flax yarns, which increased by 5.2% to 707 tons in 2022. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 59%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, flax yarn exports skyrocketed to $7.8M in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 119% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Flax Yarn from Spain in 2022:

1. Portugal (289.5 tons)
2. France (194.9 tons)
3. Italy (102.3 tons)
4. United Kingdom (49.8 tons)
5. Turkey (31.8 tons)
6. Pakistan (13.8 tons)
7. Germany (11.8 tons)

Source: IndexBox Market Intelligence Platform