Price for Flax; Hackled or Otherwise Processed, But Not Spun in Germany - 2023

Contents:

1. Price for Flax; Hackled or Otherwise Processed, But Not Spun in Germany (CIF) - 2023
2. Price for Flax; Hackled or Otherwise Processed, But Not Spun in Germany (FOB) - 2022
3. Imports of Flax; Hackled or Otherwise Processed, But Not Spun in Germany
4. Exports of Flax; Hackled or Otherwise Processed, But Not Spun in Germany

Price for Flax; Hackled or Otherwise Processed, But Not Spun in Germany (CIF) - 2023

The average import price for flax; hackled or otherwise processed, but not spuns stood at $5,980 per ton in November 2023, picking up by 116% against the previous month. Over the period under review, the import price posted buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Egypt.

From December 2022 to November 2023, the rate of growth in terms of prices for France amounted to +4.7% per month.

Price for Flax; Hackled or Otherwise Processed, But Not Spun in Germany (FOB) - 2022

In 2022, the average export price for flax; hackled or otherwise processed, but not spuns amounted to $5,463 per ton, increasing by 2.2% against the previous year. Overall, the export price, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 7.5% against the previous year. The export price peaked at $8,444 per ton in 2012; however, from 2013 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 Norway ($12,806 per ton), while the average price for exports to the Czech Republic ($2,387 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 France (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flax; Hackled or Otherwise Processed, But Not Spun in Germany

In 2022, the amount of flax; hackled or otherwise processed, but not spuns imported into Germany skyrocketed to 604 tons, picking up by 23% against 2021. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 50%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of flax; hackled or otherwise processed, but not spuns dropped to $1.4M in 2022. The total import value increased at an average annual rate of +7.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year. As a result, imports attained the peak of $1.7M, and then shrank in the following year.

Top Suppliers of Flax; Hackled or Otherwise Processed, But Not Spun to Germany in 2022:

1. Egypt (362.5 tons)
2. France (210.6 tons)
3. Belgium (24.8 tons)

Exports of Flax; Hackled or Otherwise Processed, But Not Spun in Germany

In 2022, overseas shipments of flax; hackled or otherwise processed, but not spuns decreased by -29.4% to 163 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated measured growth from 2019 to 2022: its volume increased at an average annual rate of +4.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +13.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. As a result, the exports reached the peak of 231 tons, and then dropped dramatically in the following year.

In value terms, exports of flax; hackled or otherwise processed, but not spuns declined remarkably to $890K in 2022. In general, exports saw a mild setback. The growth pace was the most rapid in 2021 when exports increased by 26% against the previous year. As a result, the exports reached the peak of $1.2M, and then shrank sharply in the following year.

Top Export Markets for Flax; Hackled or Otherwise Processed, But Not Spun from Germany in 2022:

1. Poland (49.3 tons)
2. Czech Republic (23.9 tons)
3. Austria (19.6 tons)
4. Netherlands (18.9 tons)
5. Switzerland (7.6 tons)
6. Denmark (7.5 tons)
7. Norway (6.8 tons)
8. Italy (6.0 tons)
9. Romania (3.7 tons)
10. Belgium (3.0 tons)
11. France (2.7 tons)

Source: IndexBox Market Intelligence Platform