Price for Flax; Broken or Scutched, But Not Spun in Latvia - 2023
Contents:
- Price for Flax; Broken or Scutched, But Not Spun in Latvia (CIF) - 2023
- Price for Flax; Broken or Scutched, But Not Spun in Latvia (FOB) - 2022
- Imports of Flax; Broken or Scutched, But Not Spun in Latvia
- Exports of Flax; Broken or Scutched, But Not Spun in Latvia
Price for Flax; Broken or Scutched, But Not Spun in Latvia (CIF) - 2023
In October 2023, the average import price for flax; broken or scutched, but not spuns amounted to $1,130 per ton, waning by -83% against the previous month. Overall, the import price, however, enjoyed modest growth. The most prominent rate of growth was recorded in August 2023 an increase of 145% against the previous month. The import price peaked at $6,636 per ton in September 2023, and then reduced sharply in the following month.
As there is only one major supplying country, the average price level is determined by prices for France.
From November 2022 to October 2023, the rate of growth in terms of prices for Lithuania amounted to +52.1% per month.
Price for Flax; Broken or Scutched, But Not Spun in Latvia (FOB) - 2022
In 2022, the average export price for flax; broken or scutched, but not spuns amounted to $2,824 per ton, growing by 44% against the previous year. Over the period under review, the export price, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by 221%. The export price peaked at $5,500 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($2,972 per ton), while the average price for exports to Belgium totaled $1,042 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Flax; Broken or Scutched, But Not Spun in Latvia
In 2022, the amount of flax; broken or scutched, but not spuns imported into Latvia expanded remarkably to 859 tons, picking up by 13% against the previous year's figure. The total import volume increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 23%. As a result, imports reached the peak of 963 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of flax; broken or scutched, but not spuns totaled $961K in 2022. Over the period under review, total imports indicated pronounced growth from 2019 to 2022: its value increased at an average annual rate of +4.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -24.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 49%. As a result, imports attained the peak of $1.3M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Flax; Broken or Scutched, But Not Spun in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 755 | 1,201 | 871 | 870 | 4.8% |
| Belgium | 86.9 | 67.4 | N/A | 51.0 | -16.3% |
| Russia | N/A | N/A | N/A | 40.8 | 0% |
| Others | 11.0 | N/A | N/A | N/A | 0% |
| Total | 853 | 1,269 | 871 | 961 | 4.1% |
Top Suppliers of Flax; Broken or Scutched, But Not Spun to Latvia in 2022:
- France (814.9 tons)
- Belgium (21.9 tons)
- Russia (21.8 tons)
Exports of Flax; Broken or Scutched, But Not Spun in Latvia
Exports of flax; broken or scutched, but not spuns from Latvia fell notably to 294 tons in 2022, waning by -24.5% against 2021. In general, exports showed a pronounced reduction. The pace of growth was the most pronounced in 2021 when exports increased by 29%. As a result, the exports attained the peak of 389 tons, and then reduced notably in the following year.
In value terms, exports of flax; broken or scutched, but not spuns expanded markedly to $829K in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +8.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 48%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Export of Flax; Broken or Scutched, But Not Spun in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 411 | 178 | 648 | 806 | 25.2% |
| Belgium | 8.0 | 126 | 71.7 | 23.6 | 43.4% |
| China | N/A | 139 | N/A | N/A | 0% |
| Lithuania | 233 | 65.5 | 42.4 | N/A | -57.3% |
| Others | N/A | 7.9 | N/A | N/A | 0% |
| Total | 651 | 516 | 762 | 829 | 8.4% |
Top Export Markets for Flax; Broken or Scutched, But Not Spun from Latvia in 2022:
- France (271.1 tons)
- Belgium (22.6 tons)
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