Price for Yarn; of Flax, Single in Hungary - 2023

Contents:

1. Price for Yarn; of Flax, Single in Hungary (CIF) - 2023
2. Price for Yarn; of Flax, Single in Hungary (FOB) - 2022
3. Imports of Yarn; of Flax, Single in Hungary
4. Exports of Yarn; of Flax, Single in Hungary

Price for Yarn; of Flax, Single in Hungary (CIF) - 2023

The average yarn; of flax, single import price stood at $16,859 per ton in June 2023, with an increase of 1.9% against the previous month. Overall, import price indicated a mild increase from June 2022 to June 2023: its price increased at an average monthly rate of +1.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, yarn; of flax, single import price increased by +23.7% against April 2023 indices. The growth pace was the most rapid in February 2023 an increase of 145% month-to-month. As a result, import price reached the peak level of $17,253 per ton. From March 2023 to June 2023, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Italy.

From June 2022 to June 2023, the rate of growth in terms of prices for Italy amounted to +1.6% per month.

Price for Yarn; of Flax, Single in Hungary (FOB) - 2022

The average yarn; of flax, single export price stood at $18,189 per ton in 2022, with a decrease of -39.8% against the previous year. In general, the export price, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 167% against the previous year. As a result, the export price attained the peak level of $30,215 per ton, and then contracted significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($28,500 per ton), while the average price for exports to Turkey totaled $16,956 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+11.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Yarn; of Flax, Single in Hungary

In 2022, the amount of yarn; of flax, singles imported into Hungary reduced to 193 tons, with a decrease of -8.2% against the previous year's figure. Over the period under review, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 117%. As a result, imports attained the peak of 211 tons, and then reduced in the following year.

In value terms, yarn; of flax, single imports shrank to $2.6M in 2022. Overall, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 143% against the previous year. As a result, imports attained the peak of $2.9M, and then reduced in the following year.

Top Suppliers of Yarn; of Flax, Single to Hungary in 2022:

1. Italy (162.7 tons)
2. Egypt (16.8 tons)
3. France (10.4 tons)
4. Slovakia (3.5 tons)

Exports of Yarn; of Flax, Single in Hungary

After two years of decline, shipments abroad of yarn; of flax, singles increased by 8.1% to 281 kg in 2022. Over the period under review, exports, however, showed a sharp downturn.

In value terms, yarn; of flax, single exports dropped significantly to $5.1K in 2022. Overall, exports, however, continue to indicate a precipitous contraction.

Top Export Markets for Yarn; of Flax, Single from Hungary in 2022:

1. Turkey (251.0 kg)
2. Italy (30.0 kg)

Source: IndexBox Market Intelligence Platform