Pakistan: Flax Fiber Market 2022

Flax Fiber Exports

Exports from Pakistan

Flax fiber exports from Pakistan expanded slightly to X tonnes in 2020, increasing by X% against the year before. Over the period under review, exports posted resilient growth. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tonnes in 2018; however, from 2019 to 2020, the exports stood at a somewhat lower figure.

In value terms, flax fiber exports rose to $X in 2020. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2020, the exports remained at a lower figure.

Exports by Country

Norway (X tonnes) was the main destination for flax fiber exports from Pakistan, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Norway stood at +X%.

In value terms, Norway ($X) also remains the key foreign market for flax fiber exports from Pakistan.

From 2007 to 2020, the average annual rate of growth in terms of value to Norway amounted to +X%.

Export Prices by Country

In 2020, the average flax fiber export price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the export price, however, showed a significant expansion. The pace of growth was the most pronounced in 2016 an increase of X% y-o-y. Over the period under review, the average export prices hit record highs at $X per tonne in 2019, and then contracted slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for Norway.

From 2007 to 2020, the rate of growth in terms of prices for Norway amounted to -X% per year.

Flax Fiber Imports

Imports into Pakistan

In 2020, approx. X tonnes of flax fiber were imported into Pakistan; remaining stable against the previous year's figure. Overall, imports posted strong growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked in 2020 and are likely to see gradual growth in years to come.

In value terms, flax fiber imports reached $X in 2020. In general, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, imports reached the peak of $X. From 2019 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Belgium (X tonnes), France (X tonnes) and the United Arab Emirates (X tonnes) were the main suppliers of flax fiber imports to Pakistan, together comprising X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (+X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), France ($X) and the United Arab Emirates ($X) appeared to be the largest flax fiber suppliers to Pakistan, with a combined X% share of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average flax fiber import price stood at $X per tonne in 2020, approximately mirroring the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2019 to 2020, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was India ($X per tonne), while the price for the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by France (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform