Price for Flax; Broken or Scutched, But Not Spun in the UK - 2023
Contents:
- Price for Flax; Broken or Scutched, But Not Spun in the UK (CIF) - 2022
- Price for Flax; Broken or Scutched, But Not Spun in the UK (FOB) - 2022
- Imports of Flax; Broken or Scutched, But Not Spun in the UK
- Exports of Flax; Broken or Scutched, But Not Spun in the UK
Price for Flax; Broken or Scutched, But Not Spun in the UK (CIF) - 2022
In 2022, the average import price for flax; broken or scutched, but not spuns amounted to $1,024 per ton, falling by -68.5% against the previous year. Overall, the import price recorded a precipitous decline. The growth pace was the most rapid in 2017 when the average import price increased by 6.7%. The import price peaked at $88,192 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Lithuania ($9,449 per ton), while the price for Belgium stood at $409 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.4%).
Price for Flax; Broken or Scutched, But Not Spun in the UK (FOB) - 2022
In 2022, the average export price for flax; broken or scutched, but not spuns amounted to $32,669 per ton, stabilizing at the previous year. Overall, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 33,790%. As a result, the export price attained the peak level of $370,308 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for New Zealand.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +11.6% per year.
Imports of Flax; Broken or Scutched, But Not Spun in the UK
In 2022, approx. 47 tons of flax; broken or scutched, but not spuns were imported into the UK; increasing by 10,851% against the previous year. Overall, imports showed significant growth. 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 $48K in 2022. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Flax; Broken or Scutched, But Not Spun in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Lithuania | N/A | N/A | 22.7 | 0% | |
| Belgium | N/A | N/A | 17.9 | 0% | |
| China | 8.3 | N/A | N/A | 0% | |
| Others | N/A | 1.4 | 7.4 | 428.6% | |
| Total | 8.3 | 1.4 | 48.0 | 140.5% | |
Top Suppliers of Flax; Broken or Scutched, But Not Spun to the UK in 2022:
- Belgium (43.8 tons)
- Lithuania (2.4 tons)
Exports of Flax; Broken or Scutched, But Not Spun in the UK
For the third year in a row, the UK recorded decline in shipments abroad of flax; broken or scutched, but not spuns, which decreased by 0% to 145 kg in 2022. Over the period under review, exports saw a dramatic slump. The smallest decline of -97.5% was in 2020.
In value terms, exports of flax; broken or scutched, but not spuns totaled $4.7K in 2022. Overall, exports continue to indicate a significant expansion. The smallest decline of 99.9% was in 2021. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Flax; Broken or Scutched, But Not Spun in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | N/A | N/A | N/A | 4.7 | 0% |
| Ireland | 0.8 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.8 | N/A | N/A | 0% |
| Total | 0.8 | 0.8 | N/A | 4.7 | 80.4% |
Top Export Markets for Flax; Broken or Scutched, But Not Spun from the UK in 2022:
- New Zealand (145.0 kg)
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