Price for Yarn; of Flax, Single in the UK - 2023

Contents:

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

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

In June 2023, the average yarn; of flax, single import price amounted to $12,718 per ton, increasing by 7.1% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 55% m-o-m. Over the period under review, average import prices hit record highs at $16,582 per ton in April 2023; however, from May 2023 to June 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was China ($24,718 per ton), while the price for Spain ($9,333 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by India (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average yarn; of flax, single export price amounted to $22,353 per ton, rising by 30% against the previous year. In general, the export price, however, continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2014 when the average export price increased by 201%. As a result, the export price attained the peak level of $49,482 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($34,532 per ton), while the average price for exports to Poland ($10,467 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 Ireland (+6.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Yarn; of Flax, Single in the UK

In 2022, after two years of decline, there was significant growth in supplies from abroad of yarn; of flax, singles, when their volume increased by 250% to 510 tons. Over the period under review, imports, however, saw a deep slump.

In value terms, yarn; of flax, single imports surged to $6.4M in 2022. In general, imports enjoyed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. China (213.3 tons)
2. Poland (93.4 tons)
3. Spain (48.2 tons)
4. Italy (45.5 tons)
5. India (43.5 tons)
6. Tunisia (38.0 tons)
7. Egypt (8.2 tons)
8. France (6.9 tons)
9. Belgium (3.2 tons)

Exports of Yarn; of Flax, Single in the UK

In 2022, the amount of yarn; of flax, singles exported from the UK contracted rapidly to 8.3 tons, shrinking by -61.1% on the year before. Overall, exports faced a significant decrease. The pace of growth appeared the most rapid in 2021 with an increase of 205%. As a result, the exports reached the peak of 21 tons, and then shrank sharply in the following year.

In value terms, yarn; of flax, single exports dropped notably to $185K in 2022. Over the period under review, exports saw a noticeable descent. The growth pace was the most rapid in 2021 when exports increased by 190%. As a result, the exports attained the peak of $366K, and then dropped rapidly in the following year.

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

1. Ireland (3.6 tons)
2. United States (2.5 tons)
3. Poland (1.4 tons)
4. France (0.5 tons)
5. Italy (0.3 tons)

Source: IndexBox Market Intelligence Platform