Price for Yarn; of Flax, Multiple (Folded) or Cabled in Germany - 2023

Contents:

1. Price for Yarn; of Flax, Multiple (Folded) or Cabled in Germany (CIF) - 2023
2. Price for Yarn; of Flax, Multiple (Folded) or Cabled in Germany (FOB) - 2023
3. Imports of Yarn; of Flax, Multiple (Folded) or Cabled in Germany
4. Exports of Yarn; of Flax, Multiple (Folded) or Cabled in Germany

Price for Yarn; of Flax, Multiple (Folded) or Cabled in Germany (CIF) - 2023

The average import price for yarn; of flax, multiple (folded) or cableds stood at $9,828 per ton in December 2023, shrinking by -69.6% against the previous month. Overall, the import price saw a deep contraction. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 150% month-to-month. The import price peaked at $43,238 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($54,007 per ton), while the price for Egypt ($8,530 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the UK (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Yarn; of Flax, Multiple (Folded) or Cabled in Germany (FOB) - 2023

The average export price for yarn; of flax, multiple (folded) or cableds stood at $25,946 per ton in December 2023, reducing by -16.1% against the previous month. In general, the export price, however, continues to indicate a mild increase. The pace of growth appeared the most rapid in August 2023 an increase of 95% m-o-m. As a result, the export price attained the peak level of $60,242 per ton. From September 2023 to December 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was the UK ($52,443 per ton), while the average price for exports to the Czech Republic ($11,438 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

After three years of growth, supplies from abroad of yarn; of flax, multiple (folded) or cableds decreased by -26.8% to 166 tons in 2022. Overall, total imports indicated a tangible increase from 2019 to 2022: its volume increased at an average annual rate of +3.2% 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 +9.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. As a result, imports attained the peak of 227 tons, and then fell sharply in the following year.

In value terms, imports of yarn; of flax, multiple (folded) or cableds rose slightly to $2.2M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.5% 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 +42.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

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

1. Egypt (116.6 tons)
2. Italy (20.4 tons)
3. Poland (7.8 tons)
4. France (5.0 tons)
5. United Kingdom (4.2 tons)
6. Switzerland (4.0 tons)

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

In 2022, the amount of yarn; of flax, multiple (folded) or cableds exported from Germany soared to 69 tons, picking up by 17% against the previous year's figure. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +19.5% 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 +70.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 25%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of yarn; of flax, multiple (folded) or cableds stood at $2M in 2022. In general, exports recorded a significant increase. The growth pace was the most rapid in 2020 when exports increased by 35%. The exports peaked in 2022 and are expected to retain growth in years to come.

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

1. France (11.9 tons)
2. Austria (8.6 tons)
3. Italy (7.1 tons)
4. Finland (5.8 tons)
5. Netherlands (5.3 tons)
6. Poland (3.2 tons)
7. Czech Republic (2.9 tons)
8. Denmark (2.9 tons)
9. Switzerland (2.9 tons)
10. Sweden (2.6 tons)
11. Russia (1.7 tons)
12. Romania (1.6 tons)
13. Luxembourg (1.6 tons)

Source: IndexBox Market Intelligence Platform