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

Contents:

1. Price for Yarn; of Flax, Multiple (Folded) or Cabled in Italy (FOB) - 2023
2. Price for Yarn; of Flax, Multiple (Folded) or Cabled in Italy (CIF) - 2022
3. Exports of Yarn; of Flax, Multiple (Folded) or Cabled in Italy
4. Imports of Yarn; of Flax, Multiple (Folded) or Cabled in Italy

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

The average export price for yarn; of flax, multiple (folded) or cableds stood at $33,578 per ton in December 2023, increasing by 4.7% against the previous month. In general, export price indicated a noticeable expansion from December 2022 to December 2023: its price increased at an average monthly rate of +2.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for yarn; of flax, multiple (folded) or cableds increased by +4.7% against November 2023 indices. The pace of growth was the most pronounced in September 2023 when the average export price increased by 57% m-o-m. The export price peaked at $33,596 per ton in July 2023; afterwards, it flattened through to December 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($63,778 per ton), while the average price for exports to Turkey ($12,088 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 Germany (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for yarn; of flax, multiple (folded) or cableds amounted to $12,597 per ton, rising by 24% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($50,522 per ton), while the price for Egypt ($7,230 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

For the fourth consecutive year, Italy recorded growth in overseas shipments of yarn; of flax, multiple (folded) or cableds, which increased by 6.8% to 751 tons in 2022. The total export volume increased at an average annual rate of +11.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 23%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of yarn; of flax, multiple (folded) or cableds rose rapidly to $15M in 2022. The total export value increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 23% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

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

1. Belgium (349.4 tons)
2. Romania (93.6 tons)
3. Spain (47.6 tons)
4. Sweden (35.7 tons)
5. Germany (26.5 tons)
6. United States (26.2 tons)
7. France (25.9 tons)
8. Hong Kong SAR (25.9 tons)
9. China (19.1 tons)
10. United Kingdom (10.7 tons)
11. Turkey (9.6 tons)

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

After three years of growth, overseas purchases of yarn; of flax, multiple (folded) or cableds decreased by -23.6% to 70 tons in 2022. Overall, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. As a result, imports reached the peak of 91 tons, and then dropped significantly in the following year.

In value terms, imports of yarn; of flax, multiple (folded) or cableds declined modestly to $914K in 2022. Over the period under review, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 93% against the previous year. As a result, imports reached the peak of $929K, and then reduced modestly in the following year.

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

1. Egypt (31.7 tons)
2. France (11.9 tons)
3. Bulgaria (8.2 tons)
4. Turkey (5.9 tons)
5. United Kingdom (2.6 tons)
6. Romania (2.3 tons)
7. Tunisia (2.3 tons)
8. China (0.2 tons)

Source: IndexBox Market Intelligence Platform