Flax Yarn Price in Sri Lanka - 2021

Contents:

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

Flax Yarn Price in Sri Lanka (CIF) - 2022

In 2022, the average flax yarn import price amounted to $10,303 per ton, shrinking by -4.9% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flax yarn import price increased by +11.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 38% against the previous year. Over the period under review, average import prices attained the maximum at $11,290 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($68,252 per ton), while the price for Hong Kong SAR ($2,749 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Flax Yarn Price in Sri Lanka (FOB) - 2022

The average flax yarn export price stood at $3,862 per ton in 2021, standing approx. at the previous year. Overall, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2015 an increase of 17%. Over the period under review, the average export prices reached the peak figure at $17,569 per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($4,911 per ton), while the average price for exports to Canada stood at $3,381 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.5%).

Flax Yarn Imports in Sri Lanka

Flax yarn imports into Sri Lanka contracted dramatically to 178 kg in 2022, waning by -16% compared with the previous year's figure. In general, imports recorded a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 42%.

In value terms, flax yarn imports declined markedly to $1.8K in 2022. Over the period under review, imports faced a significant decline. The growth pace was the most rapid in 2021 with an increase of 67%.

Top Suppliers of Flax Yarn to Sri Lanka in 2022:

1. Hong Kong SAR (100.0 kg)
2. India (75.0 kg)
3. China (2.0 kg)

Flax Yarn Exports in Sri Lanka

Flax yarn exports from Sri Lanka stood at 3.5 tons in 2021, approximately equating 2020 figures. Over the period under review, exports enjoyed a significant expansion. The smallest decline of 99.9% was in 2020. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, flax yarn exports totaled $14K in 2021. In general, exports showed a relatively flat trend pattern. The smallest decline of 99.9% was in 2020. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Top Export Markets for Flax Yarn from Sri Lanka in 2022:

1. Canada (2.4 tons)
2. United Kingdom (1.1 tons)

Source: IndexBox Market Intelligence Platform