Flax Yarn Price in the Philippines - 2023
Contents:
- Flax Yarn Price in the Philippines (CIF) - 2022
- Flax Yarn Price in the Philippines (FOB) - 2022
- Flax Yarn Imports in the Philippines
- Flax Yarn Exports in the Philippines
Flax Yarn Price in the Philippines (CIF) - 2022
In 2022, the average flax yarn import price amounted to $89,428 per ton, almost unchanged from the previous year. Overall, the import price enjoyed a resilient increase. The pace of growth was the most pronounced in 2019 when the average import price increased by 81%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($339,438 per ton), while the price for China ($19,159 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+37.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Flax Yarn Price in the Philippines (FOB) - 2022
In 2022, the average flax yarn export price amounted to $7,751 per ton, surging by 5.8% against the previous year. Overall, the export price, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when the average export price increased by 28% against the previous year. As a result, the export price reached the peak level of $19,092 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.
From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +219.0% per year.
Flax Yarn Imports in the Philippines
In 2022, approx. 1.2 tons of flax yarns were imported into the Philippines; rising by 2,714% on 2021 figures. Overall, imports showed significant growth.
In value terms, flax yarn imports soared to $111K in 2022. In general, imports showed a significant expansion.
| Import of Flax Yarn in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 10.9 | 116 | 1.9 | 49.5 | 65.6% |
| Taiwan (Chinese) | 10.6 | 67.3 | 1.3 | 41.1 | 57.1% |
| Indonesia | 4.8 | 7.0 | 0.1 | 4.6 | -1.4% |
| China | 1.6 | 1.3 | N/A | 1.7 | 2.0% |
| Others | 4.1 | 26.4 | 0.5 | 13.8 | 49.9% |
| Total | 31.9 | 218 | 3.9 | 111 | 51.5% |
Top Suppliers of Flax Yarn to the Philippines in 2022:
- Taiwan (Chinese) (785.0 kg)
- Indonesia (195.0 kg)
- Malaysia (146.0 kg)
- China (90.0 kg)
Flax Yarn Exports in the Philippines
Flax yarn exports from the Philippines surged to 410 kg in 2022, rising by 382% on the previous year. Overall, exports, however, continue to indicate a deep reduction.
In value terms, flax yarn exports surged to $3.2K in 2022. Over the period under review, exports, however, continue to indicate a abrupt downturn.
| Export of Flax Yarn in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 5.5 | 1.7 | 0.5 | 3.2 | -16.5% |
| Botswana | N/A | 0.1 | N/A | N/A | 0% |
| South Korea | N/A | N/A | 0.1 | N/A | 0% |
| United Kingdom | N/A | 3.9 | N/A | N/A | 0% |
| India | 0.1 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.7 | 5.7 | 0.6 | 3.2 | -17.5% |
Top Export Markets for Flax Yarn from the Philippines in 2022:
- Hong Kong SAR (410.0 kg)
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