Flax Yarn Price in Turkey - 2023

Contents:

1. Flax Yarn Price in Turkey (CIF) - 2023
2. Flax Yarn Price in Turkey (FOB) - 2022
3. Flax Yarn Imports in Turkey
4. Flax Yarn Exports in Turkey

Flax Yarn Price in Turkey (CIF) - 2023

In July 2023, the average flax yarn import price amounted to $13,593 per ton, increasing by 2.9% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 22% month-to-month. As a result, import price reached the peak level of $15,545 per ton. From May 2023 to July 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Italy ($26,477 per ton), while the price for India ($9,965 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 (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Flax Yarn Price in Turkey (FOB) - 2022

The average flax yarn export price stood at $7,241 per ton in 2022, falling by -10.3% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 64% against the previous year. The export price peaked at $8,261 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($13,979 per ton), while the average price for exports to Portugal ($5,220 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 Greece (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Flax Yarn Imports in Turkey

In 2022, the amount of flax yarns imported into Turkey dropped dramatically to 196 tons, with a decrease of -97.3% against the year before. Overall, imports recorded a precipitous setback. The most prominent rate of growth was recorded in 2021 when imports increased by 220% against the previous year. As a result, imports attained the peak of 7.2K tons, and then declined markedly in the following year.

In value terms, flax yarn imports contracted dramatically to $3.4M in 2022. Over the period under review, imports faced a dramatic slump. The most prominent rate of growth was recorded in 2021 when imports increased by 237% against the previous year. As a result, imports attained the peak of $78M, and then fell significantly in the following year.

Top Suppliers of Flax Yarn to Turkey in 2022:

1. China (166.3 tons)
2. Poland (15.5 tons)
3. India (3.6 tons)
4. Tunisia (3.3 tons)

Flax Yarn Exports in Turkey

Flax yarn exports from Turkey contracted rapidly to 47 tons in 2022, shrinking by -77.3% against 2021 figures. In general, exports, however, recorded a temperate expansion. The most prominent rate of growth was recorded in 2021 with an increase of 489%. As a result, the exports attained the peak of 205 tons, and then contracted rapidly in the following year.

In value terms, flax yarn exports reduced dramatically to $338K in 2022. Overall, exports recorded a mild curtailment. The growth pace was the most rapid in 2021 with an increase of 642% against the previous year. As a result, the exports attained the peak of $1.7M, and then shrank significantly in the following year.

Top Export Markets for Flax Yarn from Turkey in 2022:

1. Italy (21.9 tons)
2. Portugal (21.6 tons)
3. Greece (0.8 tons)

Source: IndexBox Market Intelligence Platform