Price for Yarn; of Flax, Multiple (Folded) or Cabled in Russia - 2022

Contents:

1. Price for Yarn; of Flax, Multiple (Folded) or Cabled in Russia (CIF) - 2022
2. Price for Yarn; of Flax, Multiple (Folded) or Cabled in Russia (FOB) - 2022
3. Imports of Yarn; of Flax, Multiple (Folded) or Cabled in Russia
4. Exports of Yarn; of Flax, Multiple (Folded) or Cabled in Russia

Price for Yarn; of Flax, Multiple (Folded) or Cabled in Russia (CIF) - 2022

In 2022, the average import price for yarn; of flax, multiple (folded) or cableds amounted to $20,814 per ton, picking up by 185% against the previous year. In general, the import price continues to indicate prominent growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($45,084 per ton), while the price for Germany ($9,138 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+11.3%), while the prices for the other major suppliers experienced a decline.

Price for Yarn; of Flax, Multiple (Folded) or Cabled in Russia (FOB) - 2022

In 2022, the average export price for yarn; of flax, multiple (folded) or cableds amounted to $1,628 per ton, declining by -15.5% against the previous year. Overall, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2015 an increase of 199% against the previous year. Over the period under review, the average export prices attained the maximum at $17,270 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($5,587 per ton), while the average price for exports to Kyrgyzstan amounted to $1,321 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Yarn; of Flax, Multiple (Folded) or Cabled in Russia

After three years of growth, supplies from abroad of yarn; of flax, multiple (folded) or cableds decreased by -60% to 10 tons in 2022. In general, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 62% against the previous year.

In value terms, imports of yarn; of flax, multiple (folded) or cableds rose sharply to $209K in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +17.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 21%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Yarn; of Flax, Multiple (Folded) or Cabled to Russia in 2022:

1. Italy (3.8 tons)
2. Lithuania (3.5 tons)
3. Germany (1.7 tons)
4. Estonia (0.5 tons)
5. Switzerland (0.5 tons)

Exports of Yarn; of Flax, Multiple (Folded) or Cabled in Russia

In 2022, exports of yarn; of flax, multiple (folded) or cableds from Russia surged to 7.7 tons, picking up by 281% compared with the previous year. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of yarn; of flax, multiple (folded) or cableds skyrocketed to $13K in 2022. Over the period under review, exports, however, saw a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year.

Top Export Markets for Yarn; of Flax, Multiple (Folded) or Cabled from Russia in 2022:

1. Kyrgyzstan (7.1 tons)
2. Kazakhstan (0.5 tons)

Source: IndexBox Market Intelligence Platform