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

Contents:

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

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

The average import price for flax; hackled or otherwise processed, but not spuns stood at $2,825 per ton in 2022, shrinking by -11.8% against the previous year. In general, the import price saw a slight descent. The most prominent rate of growth was recorded in 2020 when the average import price increased by 13%. Over the period under review, average import prices reached the maximum at $3,495 per ton in 2015; however, from 2016 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 Belgium ($3,635 per ton), while the price for Belarus ($2,296 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.9%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for flax; hackled or otherwise processed, but not spuns amounted to $797 per ton, approximately equating the previous year. Overall, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2020 when the average export price decreased by 99.9%. Over the period under review, the average export prices attained the peak figure at $2,240 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($4,389 per ton), while the average price for exports to the United Arab Emirates ($275 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 Oman (0.0%), 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 Pakistan

Imports of flax; hackled or otherwise processed, but not spuns into Pakistan declined markedly to 890 tons in 2022, waning by -19.3% against the year before. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +11.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 80%. As a result, imports reached the peak of 1.1K tons, and then contracted markedly in the following year.

In value terms, imports of flax; hackled or otherwise processed, but not spuns reduced sharply to $2.5M in 2022. In general, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 93%. As a result, imports reached the peak of $3.5M, and then reduced notably in the following year.

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

1. Lithuania (331.0 tons)
2. Belarus (239.1 tons)
3. Belgium (150.3 tons)
4. Egypt (118.2 tons)
5. India (19.6 tons)

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

In 2022, overseas shipments of flax; hackled or otherwise processed, but not spuns decreased by 0% to 1.5 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of flax; hackled or otherwise processed, but not spuns totaled $1.2K in 2022. In general, exports enjoyed significant growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to continue growth in the near future.

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

1. United Arab Emirates (1334.0 kg)
2. Malaysia (113.0 kg)
3. Tanzania (100.0 kg)

Source: IndexBox Market Intelligence Platform