Price for Flax; Broken or Scutched, But Not Spun in Switzerland - 2024

Price for Flax; Broken or Scutched, But Not Spun in Switzerland (CIF) - 2022

The average import price for flax; broken or scutched, but not spuns stood at $10,523 per ton in 2022, approximately equating the previous year. Overall, the import price, however, showed a resilient increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 69%. Over the period under review, average import prices hit record highs at $10,577 per ton in 2021, and then dropped slightly in the following year.

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 Belgium ($24,105 per ton), while the price for Germany amounted to $10,407 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+123.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flax; Broken or Scutched, But Not Spun in Switzerland (FOB) - 2022

In 2022, the average export price for flax; broken or scutched, but not spuns amounted to $3,000 per ton, almost unchanged from the previous year. Over the period under review, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 63%. The export price peaked at $6,895 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to +14.3% per year.

Imports of Flax; Broken or Scutched, But Not Spun in Switzerland

In 2022, imports of flax; broken or scutched, but not spuns into Switzerland surged to 3.8 tons, picking up by 29% compared with 2021 figures. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +16.2% 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 +56.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of flax; broken or scutched, but not spuns surged to $40K in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.9% 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 +81.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 30% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Import of Flax; Broken or Scutched, But Not Spun in Switzerland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	17.3	24.6	27.7	39.0	31.1%
Belgium	2.4	2.1	1.5	0.9	-27.9%
France	1.6	1.8	1.8	N/A	6.1%
Netherlands	0.5	0.2	0.1	N/A	-55.3%
Others	0.4	0.4	0.3	0.4	0.0%
Total	22.2	28.9	31.4	40.3	22.0%

Top Suppliers of Flax; Broken or Scutched, But Not Spun to Switzerland in 2022:

Germany (3.7 tons)

Exports of Flax; Broken or Scutched, But Not Spun in Switzerland

In 2022, the amount of flax; broken or scutched, but not spuns exported from Switzerland stood at 2 kg, therefore, remained relatively stable against the previous year's figure. In general, exports saw a dramatic downturn. The smallest decline of 99.9% was in 2021.

In value terms, exports of flax; broken or scutched, but not spuns totaled $6 in 2022. Overall, exports faced a precipitous decline. The smallest decline of -50% was in 2020.