Price for Yarn; of Flax, Single in South Korea - 2022

Contents:

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

Price for Yarn; of Flax, Single in South Korea (CIF) - 2022

The average yarn; of flax, single import price stood at $7,232 per ton in December 2022, picking up by 28% against the previous month. Overall, the import price, however, saw a mild shrinkage. The pace of growth appeared the most rapid in April 2022 an increase of 47% m-o-m. As a result, import price reached the peak level of $13,501 per ton. From May 2022 to December 2022, the average import prices remained at a lower figure.

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

From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to -1.1% per month.

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

The average yarn; of flax, single export price stood at $6,798 per ton in 2022, which is down by -35.1% against the previous year. In general, the export price recorded a abrupt decline. The growth pace was the most rapid in 2015 an increase of 83%. As a result, the export price reached the peak level of $13,940 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($10,090 per ton), while the average price for exports to China totaled $6,360 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+10.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Yarn; of Flax, Single in South Korea

In 2022, supplies from abroad of yarn; of flax, singles was finally on the rise to reach 3.7K tons after two years of decline. In general, imports, however, recorded a abrupt shrinkage.

In value terms, yarn; of flax, single imports dropped slightly to $23M in 2022. Overall, imports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 0.1% against the previous year.

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

1. China (3.6K tons)

Exports of Yarn; of Flax, Single in South Korea

In 2022, overseas shipments of yarn; of flax, singles were finally on the rise to reach 3.6 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a significant curtailment.

In value terms, yarn; of flax, single exports soared to $24K in 2022. In general, exports, however, continue to indicate a precipitous shrinkage.

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

1. China (3.1 tons)
2. Vietnam (0.4 tons)

Source: IndexBox Market Intelligence Platform