Price for Yarn; of Flax, Multiple (Folded) or Cabled in China - 2024

Contents:

1. Price for Yarn; of Flax, Multiple (Folded) or Cabled in China (FOB) - 2022
2. Price for Yarn; of Flax, Multiple (Folded) or Cabled in China (CIF) - 2022
3. Exports of Yarn; of Flax, Multiple (Folded) or Cabled in China
4. Imports of Yarn; of Flax, Multiple (Folded) or Cabled in China

Price for Yarn; of Flax, Multiple (Folded) or Cabled in China (FOB) - 2022

The average export price for yarn; of flax, multiple (folded) or cableds stood at $8,535 per ton in 2022, dropping by -34.8% against the previous year. Overall, the export price continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2016 an increase of 34%. As a result, the export price attained the peak level of $15,613 per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($18,076 per ton), while the average price for exports to Iran ($1,547 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 South Korea (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Yarn; of Flax, Multiple (Folded) or Cabled in China (CIF) - 2022

The average import price for yarn; of flax, multiple (folded) or cableds stood at $12,595 per ton in 2022, growing by 4.9% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for yarn; of flax, multiple (folded) or cableds decreased by -28.0% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 39% against the previous year. Over the period under review, average import prices reached the peak figure at $17,502 per ton in 2019; however, from 2020 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 Japan ($31,553 per ton), while the price for India ($919 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Yarn; of Flax, Multiple (Folded) or Cabled in China

In 2022, approx. 706 tons of yarn; of flax, multiple (folded) or cableds were exported from China; rising by 41% compared with the previous year. Overall, exports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 67%.

In value terms, exports of yarn; of flax, multiple (folded) or cableds declined to $6.1M in 2022. Over the period under review, exports, however, faced a dramatic decline. The pace of growth appeared the most rapid in 2021 when exports increased by 63% against the previous year.

Top Export Markets for Yarn; of Flax, Multiple (Folded) or Cabled from China in 2022:

1. Bangladesh (458.2 tons)
2. Cambodia (47.9 tons)
3. Vietnam (43.7 tons)
4. Hong Kong SAR (32.0 tons)
5. Spain (18.1 tons)
6. South Korea (14.7 tons)
7. Iran (13.8 tons)
8. Malaysia (1.1 tons)
9. Thailand (0.8 tons)

Imports of Yarn; of Flax, Multiple (Folded) or Cabled in China

In 2022, after three years of growth, there was significant decline in purchases abroad of yarn; of flax, multiple (folded) or cableds, when their volume decreased by -20.7% to 129 tons. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 121% against the previous year.

In value terms, imports of yarn; of flax, multiple (folded) or cableds plummeted to $1.6M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 61%.

Top Suppliers of Yarn; of Flax, Multiple (Folded) or Cabled to China in 2022:

1. India (41.4 tons)
2. Italy (32.2 tons)
3. Japan (6.3 tons)
4. South Korea (3.4 tons)
5. Taiwan (Chinese) (2.1 tons)

Source: IndexBox Market Intelligence Platform