Price for Flax; Broken or Scutched, But Not Spun in Belgium - 2023
Contents:
- Price for Flax; Broken or Scutched, But Not Spun in Belgium (FOB) - 2022
- Price for Flax; Broken or Scutched, But Not Spun in Belgium (CIF) - 2023
- Exports of Flax; Broken or Scutched, But Not Spun in Belgium
- Imports of Flax; Broken or Scutched, But Not Spun in Belgium
Price for Flax; Broken or Scutched, But Not Spun in Belgium (FOB) - 2022
The average export price for flax; broken or scutched, but not spuns stood at $4,138 per ton in 2022, picking up by 26% against the previous year. In general, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for flax; broken or scutched, but not spuns increased by +15.1% against 2019 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 29%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($5,110 per ton), while the average price for exports to the Netherlands ($854 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 Poland (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Flax; Broken or Scutched, But Not Spun in Belgium (CIF) - 2023
In October 2023, the average import price for flax; broken or scutched, but not spuns amounted to $6,565 per ton, shrinking by -4.3% against the previous month. Overall, import price indicated perceptible growth from October 2022 to October 2023: its price increased at an average monthly rate of +4.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for flax; broken or scutched, but not spuns increased by +131.3% against August 2023 indices. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 142% against the previous month. As a result, import price reached the peak level of $6,862 per ton, and then contracted slightly in the following month.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was the Netherlands ($7,113 per ton), while the price for France stood at $6,553 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.0%).
Exports of Flax; Broken or Scutched, But Not Spun in Belgium
For the fourth year in a row, Belgium recorded growth in overseas shipments of flax; broken or scutched, but not spuns, which increased by 26% to 89K tons in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.1% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of flax; broken or scutched, but not spuns surged to $369M in 2022. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Flax; Broken or Scutched, But Not Spun in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 141 | 127 | 141 | 248 | 20.7% |
| India | 34.8 | 23.1 | 55.2 | 88.5 | 36.5% |
| France | 13.5 | 9.4 | 25.1 | 14.4 | 2.2% |
| Netherlands | 5.6 | 3.1 | 3.8 | 6.8 | 6.7% |
| Others | 6.1 | 9.7 | 8.3 | 10.8 | 21.0% |
| Total | 201 | 173 | 233 | 369 | 22.4% |
Top Export Markets for Flax; Broken or Scutched, But Not Spun from Belgium in 2022:
- China (56.1K tons)
- India (17.3K tons)
- Netherlands (8.0K tons)
- France (4.5K tons)
Imports of Flax; Broken or Scutched, But Not Spun in Belgium
In 2022, after two years of decline, there was significant growth in purchases abroad of flax; broken or scutched, but not spuns, when their volume increased by 17% to 25K tons. The total import volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of flax; broken or scutched, but not spuns skyrocketed to $93M in 2022. Over the period under review, total imports indicated moderate growth from 2019 to 2022: its value increased at an average annual rate of +3.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Flax; Broken or Scutched, But Not Spun in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 77.4 | 56.6 | 66.5 | 87.3 | 4.1% |
| Netherlands | 5.6 | 4.5 | 4.2 | 5.1 | -3.1% |
| Others | 1.4 | 0.6 | 0.5 | 0.8 | -17.0% |
| Total | 84.5 | 61.7 | 71.3 | 93.2 | 3.3% |
Top Suppliers of Flax; Broken or Scutched, But Not Spun to Belgium in 2022:
- France (23.8K tons)
- Netherlands (1.3K tons)
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