Pakistan: Flax Fiber Market Overview 2021

Flax Fiber Market Size in Pakistan

The Pakistani flax fiber market totaled $X in 2020, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed buoyant growth. The pace of growth was the most pronounced in 2012 when the market value increased by X% y-o-y. Flax fiber consumption peaked at $X in 2018; afterwards, it flattened through to 2020.

Flax Fiber Exports

Exports from Pakistan

In 2020, the amount of flax fiber exported from Pakistan reached X tonnes, surging by X% on the year before. Over the period under review, exports continue to indicate resilient growth. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X tonnes in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, flax fiber exports expanded slightly to $X in 2020. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

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

From 2007 to 2019, the average annual rate of growth in terms of volume to the UK was relatively modest.

From 2007 to 2019, the average annual rate of growth in terms of value to the UK was relatively modest.

Export Prices by Country

The average flax fiber export price stood at $X per tonne in 2019, with an increase of X% against the previous year. Overall, the export price posted significant growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the maximum in 2019 and is likely to continue growth in years to come.

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

From 2007 to 2019, the rate of growth in terms of prices for the UK amounted to X% per year.

Flax Fiber Imports

Imports into Pakistan

In 2020, imports of flax fiber into Pakistan amounted to X tonnes, approximately equating the year before. Over the period under review, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2015 when imports increased by X% year-to-year. Imports peaked in 2020 and are likely to see gradual growth in years to come.

In value terms, flax fiber imports totaled $X in 2020. Overall, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous 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 India (X tonnes) were the main suppliers of flax fiber imports to Pakistan, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Belgium, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest flax fiber suppliers to Pakistan were Belgium ($X), France ($X) and India ($X), together comprising X% of total imports.

Belgium saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average flax fiber import price amounted to $X per tonne, flattening at the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2018 an increase of X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2019 to 2020, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was India ($X per tonne), while the price for Lithuania ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for flax fiber in the world?

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The country with the largest volume of flax fiber consumption was France (527K tonnes), accounting for 57% of total volume. Moreover, flax fiber consumption in France exceeded the figures recorded by the second-largest consumer, China (188K tonnes), threefold. The third position in this ranking was occupied by Russia (39K tonnes), with a 4.3% share.

What are the largest producers of flax fiber in the world?

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France (692K tonnes) constituted the country with the largest volume of flax fiber production, accounting for 75% of total volume. Moreover, flax fiber production in France exceeded the figures recorded by the second-largest producer, Belgium (96K tonnes), sevenfold. The third position in this ranking was occupied by Belarus (40K tonnes), with a 4.4% share.

What are the leading suppliers of flax fiber to Pakistan?

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In value terms, the largest flax fiber suppliers to Pakistan were Belgium ($932K), France ($682K) and India ($76K), together accounting for 94% of total imports.

What is the average export price for flax fiber in Pakistan?

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In 2019, the average flax fiber export price amounted to $10,236 per tonne, surging by 5.2% against the previous year.

What is the average import price for flax fiber in Pakistan?

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In 2020, the average flax fiber import price amounted to $2,668 per tonne, leveling off at the previous year.