Price for Flax; Hackled or Otherwise Processed, But Not Spun in Serbia - 2024

Contents:

1. Price for Flax; Hackled or Otherwise Processed, But Not Spun in Serbia (CIF) - 2022
2. Price for Flax; Hackled or Otherwise Processed, But Not Spun in Serbia (FOB) - 2022
3. Imports of Flax; Hackled or Otherwise Processed, But Not Spun in Serbia
4. Exports of Flax; Hackled or Otherwise Processed, But Not Spun in Serbia

Price for Flax; Hackled or Otherwise Processed, But Not Spun in Serbia (CIF) - 2022

In 2022, the average import price for flax; hackled or otherwise processed, but not spuns amounted to $5,814 per ton, growing by 8.1% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for flax; hackled or otherwise processed, but not spuns increased by +55.2% against 2016 indices. The growth pace was the most rapid in 2020 when the average import price increased by 39%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($6,180 per ton) and Slovenia ($6,020 per ton), while the price for Germany ($5,023 per ton) and Egypt ($5,500 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flax; Hackled or Otherwise Processed, But Not Spun in Serbia (FOB) - 2022

The average export price for flax; hackled or otherwise processed, but not spuns stood at $5,393 per ton in 2022, reducing by -18.3% against the previous year. Overall, the export price, however, enjoyed slight growth. The growth pace was the most rapid in 2021 when the average export price increased by 21%. As a result, the export price reached the peak level of $6,600 per ton, and then contracted significantly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Montenegro amounted to +3.4% per year.

Imports of Flax; Hackled or Otherwise Processed, But Not Spun in Serbia

In 2022, approx. 1.6 tons of flax; hackled or otherwise processed, but not spuns were imported into Serbia; increasing by 2.6% against the previous year's figure. In general, imports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 47% against the previous year.

In value terms, imports of flax; hackled or otherwise processed, but not spuns rose rapidly to $9.1K in 2022. Overall, imports, however, continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 47%.

Top Suppliers of Flax; Hackled or Otherwise Processed, But Not Spun to Serbia in 2022:

1. Italy (773.0 kg)
2. Germany (519.0 kg)
3. Slovenia (255.0 kg)
4. Egypt (6.0 kg)

Exports of Flax; Hackled or Otherwise Processed, But Not Spun in Serbia

In 2022, overseas shipments of flax; hackled or otherwise processed, but not spuns increased by 87% to 28 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a sharp contraction.

In value terms, exports of flax; hackled or otherwise processed, but not spuns skyrocketed to $151 in 2022. Over the period under review, exports, however, continue to indicate a dramatic slump.

Top Export Markets for Flax; Hackled or Otherwise Processed, But Not Spun from Serbia in 2022:

1. North Macedonia (28.0 kg)

Source: IndexBox Market Intelligence Platform