Price for Flax; Broken or Scutched, But Not Spun in India - 2023
Contents:
- Price for Flax; Broken or Scutched, But Not Spun in India (CIF) - 2023
- Price for Flax; Broken or Scutched, But Not Spun in India (FOB) - 2022
- Imports of Flax; Broken or Scutched, But Not Spun in India
- Exports of Flax; Broken or Scutched, But Not Spun in India
Price for Flax; Broken or Scutched, But Not Spun in India (CIF) - 2023
In November 2023, the average import price for flax; broken or scutched, but not spuns amounted to $6,141 per ton, waning by -12.5% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.5%. The pace of growth was the most pronounced in January 2023 when the average import price increased by 14% m-o-m. The import price peaked at $7,218 per ton in March 2023; however, from April 2023 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was France ($7,180 per ton), while the price for the United States ($4,023 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by France (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Flax; Broken or Scutched, But Not Spun in India (FOB) - 2022
The average export price for flax; broken or scutched, but not spuns stood at $3,382 per ton in 2022, with an increase of 90% against the previous year. Over the period under review, the export price enjoyed a strong increase. The growth pace was the most rapid in 2021 when the average export price increased by 113% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($3,983 per ton), while the average price for exports to Slovenia totaled $1,964 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+181.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Flax; Broken or Scutched, But Not Spun in India
Imports of flax; broken or scutched, but not spuns into India soared to 17K tons in 2022, with an increase of 24% compared with the previous year. Over the period under review, imports showed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 150% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, imports of flax; broken or scutched, but not spuns skyrocketed to $77M in 2022. In general, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 145%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Flax; Broken or Scutched, But Not Spun in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 27.7 | 11.6 | 34.4 | 63.1 | 31.6% |
| France | 19.0 | 8.4 | 15.1 | 13.7 | -10.3% |
| Others | 1.3 | 0.3 | 0.3 | 0.6 | -22.7% |
| Total | 48.1 | 20.3 | 49.7 | 77.4 | 17.2% |
Top Suppliers of Flax; Broken or Scutched, But Not Spun to India in 2022:
- Belgium (13.2K tons)
- France (3.3K tons)
Exports of Flax; Broken or Scutched, But Not Spun in India
In 2022, approx. 35 tons of flax; broken or scutched, but not spuns were exported from India; jumping by 282% on the previous year's figure. Overall, exports showed a resilient expansion.
In value terms, exports of flax; broken or scutched, but not spuns skyrocketed to $117K in 2022. Over the period under review, exports showed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Flax; Broken or Scutched, But Not Spun in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | N/A | N/A | 97.1 | 0% |
| Slovenia | 7.6 | 11.2 | 14.8 | 20.3 | 38.7% |
| China | 58.4 | N/A | N/A | N/A | 0% |
| United Arab Emirates | N/A | 50.8 | N/A | N/A | 0% |
| Canada | N/A | 2.3 | N/A | N/A | 0% |
| Others | 15.7 | N/A | 1.4 | N/A | -70.1% |
| Total | 81.7 | 64.3 | 16.2 | 117 | 12.7% |
Top Export Markets for Flax; Broken or Scutched, But Not Spun from India in 2022:
- Poland (24.4 tons)
- Slovenia (10.3 tons)
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