Argentina: Market for Flax, Tow And Waste 2022

Market Size for Flax, Tow And Waste in Argentina

In 2021, after three years of growth, there was significant decline in the Argentinian flax, tow and waste market, when its value decreased by -X% to $X. Overall, consumption, however, posted a significant increase. Flax, tow and waste consumption peaked at $X in 2020, and then contracted significantly in the following year.

Production of Flax, Tow And Waste in Argentina

In value terms, flax, tow and waste production reduced sharply to $X in 2021 estimated in export price. Over the period under review, the total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. Flax, tow and waste production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

In 2021, the average yield of flax, tow and waste in Argentina amounted to less than X kg per ha, approximately reflecting the previous year's figure. In general, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. less than X ha of flax, tow and waste were harvested in Argentina; stabilizing at the year before. Overall, the harvested area showed a relatively flat trend pattern.

Exports of Flax, Tow And Waste

Exports from Argentina

In 2021, shipments abroad of flax, tow and waste decreased by less than X% to X kg for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X kg. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, flax, tow and waste exports fell rapidly to $X in 2021. Overall, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Uruguay (X kg) was the main destination for flax, tow and waste exports from Argentina, accounting for a X% share of total exports. Moreover, flax, tow and waste exports to Uruguay exceeded the volume sent to the second major destination, Chile (X kg), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to Uruguay totaled +X%.

In value terms, Uruguay ($X) remains the key foreign market for flax, tow and waste exports from Argentina, comprising X% of total exports. The second position in the ranking was held by Chile ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Uruguay totaled +X%.

Export Prices by Country

The average flax, tow and waste export price stood at $X per ton in 2021, shrinking by -X% against the previous year. In general, the export price, however, posted resilient growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Chile ($X per ton), while the average price for exports to Uruguay amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+X%).

Imports of Flax, Tow And Waste

Imports into Argentina

In 2021, purchases abroad of flax, tow and waste decreased by -X% to X tons for the first time since 2011, thus ending a nine-year rising trend. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then contracted sharply in the following year.

In value terms, flax, tow and waste imports reduced rapidly to $X in 2021. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then contracted notably in the following year.

Imports by Country

In 2021, the United States (X tons) was the main flax, tow and waste supplier to Argentina, with a approx. X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States was relatively modest.

In value terms, the United States ($X) constituted the largest supplier of flax, tow and waste to Argentina.

From 2012 to 2021, the average annual growth rate of value from the United States was relatively modest.

Import Prices by Country

In 2021, the average flax, tow and waste import price amounted to $X per ton, with a decrease of -X% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, 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 the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :