Flax Yarn Price in Myanmar - 2022

Contents:

1. Flax Yarn Price in Myanmar (CIF) - 2022
2. Flax Yarn Price in Myanmar (FOB) - 2022
3. Flax Yarn Imports in Myanmar
4. Flax Yarn Exports in Myanmar

Flax Yarn Price in Myanmar (CIF) - 2022

In 2022, the average flax yarn import price amounted to $18,695 per ton, falling by -12.9% against the previous year. Overall, the import price continues to indicate a noticeable descent. The growth pace was the most rapid in 2020 an increase of 50% against the previous year. As a result, import price attained the peak level of $28,696 per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($33,667 per ton), while the price for South Korea ($10,577 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+23.5%), while the prices for the other major suppliers experienced a decline.

Flax Yarn Price in Myanmar (FOB) - 2022

The average flax yarn export price stood at $11,500 per ton in 2020, which is down by -11.5% against the previous year. Over the period under review, the export price recorded a abrupt curtailment. Over the period under review, the average export prices attained the peak figure at $13,000 per ton in 2019, and then fell in the following year.

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

From 2019 to 2020, the rate of growth in terms of prices for Vietnam amounted to 0.0% per year.

Flax Yarn Imports in Myanmar

In 2022, imports of flax yarns into Myanmar fell significantly to 1.7 tons, which is down by -31.7% compared with the year before. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 604% against the previous year. As a result, imports attained the peak of 2.5 tons, and then fell remarkably in the following year.

In value terms, flax yarn imports contracted rapidly to $32K in 2022. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 427%. As a result, imports reached the peak of $53K, and then shrank markedly in the following year.

Top Suppliers of Flax Yarn to Myanmar in 2022:

1. Italy (1123.0 kg)
2. China (295.0 kg)
3. Hong Kong SAR (277.0 kg)

Flax Yarn Exports in Myanmar

In 2020, the amount of flax yarns exported from Myanmar surged to 434 kg, rising by 43,300% against the previous year. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, flax yarn exports skyrocketed to $5K in 2020. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Flax Yarn from Myanmar in 2022:

1. Vietnam (434.0 kg)

Source: IndexBox Market Intelligence Platform