Asia: Market for Flax, Raw Or Retted 2022

Market Size for Flax, Raw Or Retted in Asia

In 2021, after two years of growth, there was significant decline in the Asian flax, raw or retted market, when its value decreased by -X% to $X. Over the period under review, consumption showed a drastic downturn. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Flax, Raw Or Retted in Asia

In value terms, flax, raw or retted production reduced to $X in 2021 estimated in export price. Overall, production recorded significant growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020, and then shrank in the following year.

India (X tons) constituted the country with the largest volume of flax, raw or retted production, comprising approx. X% of total volume. Moreover, flax, raw or retted production in India exceeded the figures recorded by the second-largest producer, Turkey (X tons), fivefold. The third position in this ranking was taken by Malaysia (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume in India stood at +X%. The remaining producing countries recorded the following average annual rates of production growth: Turkey (+X% per year) and Malaysia (-X% per year).

Exports of Flax, Raw Or Retted

Exports in Asia

In 2021, shipments abroad of flax, raw or retted decreased by -X% to X tons for the first time since 2016, thus ending a four-year rising trend. In general, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The volume of export peaked at X tons in 2020, and then contracted in the following year.

In value terms, flax, raw or retted exports stood at $X in 2021. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

India dominates exports structure, finishing at X tons, which was near X% of total exports in 2021. It was distantly followed by Bangladesh (X tons), comprising a X% share of total exports. The following exporters - Kazakhstan (X tons) and Turkey (X tons) - together made up X% of total exports.

From 2012 to 2021, average annual rates of growth with regard to flax, raw or retted exports from India stood at +X%. At the same time, Turkey (+X%) and Kazakhstan (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2012-2021. By contrast, Bangladesh (-X%) illustrated a downward trend over the same period. While the share of India (+X p.p.) and Turkey (less than X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Bangladesh (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest flax, raw or retted supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Bangladesh ($X), with less than X% share of total exports. It was followed by Turkey, with less than X% share.

In India, flax, raw or retted exports increased at an average annual rate of +X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Bangladesh (-X% per year) and Turkey (+X% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, rising by X% against the previous year. In general, the export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was India ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Flax, Raw Or Retted

Imports in Asia

In 2021, supplies from abroad of flax, raw or retted decreased by -X% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, flax, raw or retted imports shrank rapidly to $X in 2021. Overall, imports recorded a deep downturn. The growth pace was the most rapid in 2019 with an increase of X%. The level of import peaked at $X in 2020, and then fell rapidly in the following year.

Imports by Country

The countries with the highest levels of flax, raw or retted imports in 2021 were Bangladesh (X tons), Vietnam (X tons), China (X tons) and Iran (X tons), together recording X% of total import. It was distantly followed by Palestine (X tons), making up a X% share of total imports. India (X tons), Syrian Arab Republic (X tons), Indonesia (X tons), Israel (X tons), Malaysia (X tons), South Korea (X tons), Taiwan (Chinese) (X tons) and Oman (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were in Syrian Arab Republic (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), China ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising X% of total imports. These countries were followed by India, Iran, Vietnam, Malaysia, Syrian Arab Republic, Israel, Palestine, South Korea, Taiwan (Chinese) and Oman, which together accounted for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, surging by X% against the previous year. Import price indicated a tangible expansion from 2012 to 2021: its price 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, flax, raw or retted import price increased by +X% against 2014 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($X per ton), while Palestine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform

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