Price for Flax; Hackled or Otherwise Processed, But Not Spun in Tanzania - 2022

Contents:

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

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

In 2022, the average import price for flax; hackled or otherwise processed, but not spuns amounted to $3,890 per ton, which is down by -15.8% against the previous year. Overall, the import price, however, continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2020 an increase of 76%. The import price peaked at $4,617 per ton in 2021, and then fell significantly 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 South Korea ($33,667 per ton), while the price for France ($143 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for flax; hackled or otherwise processed, but not spuns amounted to $4,095 per ton, declining by -10% against the previous year. In general, the export price showed a abrupt setback. Over the period under review, the average export prices reached the peak figure at $7,579 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($4,250 per ton), while the average price for exports to Burundi stood at $1,000 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Comoros (-12.6%).

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

For the third consecutive year, Tanzania recorded decline in overseas purchases of flax; hackled or otherwise processed, but not spuns, which decreased by -5.8% to 145 kg in 2022. Overall, imports continue to indicate a precipitous contraction.

In value terms, imports of flax; hackled or otherwise processed, but not spuns plummeted to $564 in 2022. Over the period under review, imports continue to indicate a precipitous curtailment. The smallest decline of -16.9% was in 2021.

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

1. Pakistan (82.0 kg)
2. China (38.0 kg)
3. United Arab Emirates (15.0 kg)
4. France (7.0 kg)
5. South Korea (3.0 kg)

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

In 2022, approx. 21 kg of flax; hackled or otherwise processed, but not spuns were exported from Tanzania; rising by 5% on the previous year. The total export volume increased at an average annual rate of +5.0% from 2021 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of flax; hackled or otherwise processed, but not spuns reduced to $86 in 2022. In general, exports, however, showed a abrupt decline.

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

1. Oman (20.0 kg)
2. Burundi (1.0 kg)

Source: IndexBox Market Intelligence Platform