Price for Flax; Broken or Scutched, But Not Spun in Lithuania - 2023
Contents:
- Price for Flax; Broken or Scutched, But Not Spun in Lithuania (CIF) - 2023
- Price for Flax; Broken or Scutched, But Not Spun in Lithuania (FOB) - 2022
- Imports of Flax; Broken or Scutched, But Not Spun in Lithuania
- Exports of Flax; Broken or Scutched, But Not Spun in Lithuania
Price for Flax; Broken or Scutched, But Not Spun in Lithuania (CIF) - 2023
In October 2023, the average import price for flax; broken or scutched, but not spuns amounted to $7,280 per ton, remaining constant against the previous month. Overall, import price indicated pronounced growth from November 2022 to October 2023: its price increased at an average monthly rate of +4.9% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for flax; broken or scutched, but not spuns increased by +19.1% against August 2023 indices. The pace of growth appeared the most rapid in February 2023 an increase of 28% month-to-month. The import price peaked at $7,331 per ton in September 2023, and then contracted 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 France amounted to +4.7% per month.
Price for Flax; Broken or Scutched, But Not Spun in Lithuania (FOB) - 2022
In 2022, the average export price for flax; broken or scutched, but not spuns amounted to $2,868 per ton, falling by -10.9% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for flax; broken or scutched, but not spuns decreased by -15.4% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 38%. The export price peaked at $3,390 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for France.
From 2012 to 2022, the rate of growth in terms of prices for Egypt amounted to +16.2% per year.
Imports of Flax; Broken or Scutched, But Not Spun in Lithuania
In 2022, the amount of flax; broken or scutched, but not spuns imported into Lithuania shrank to 3.7K tons, with a decrease of -7.1% on the previous year's figure. In general, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 73% against the previous year.
In value terms, imports of flax; broken or scutched, but not spuns surged to $15M in 2022. Overall, imports saw a mild setback. The pace of growth appeared the most rapid in 2021 with an increase of 100%.
| Import of Flax; Broken or Scutched, But Not Spun in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 14.3 | 5.6 | 12.1 | 14.0 | -0.7% |
| Belgium | 0.6 | 0.4 | N/A | 0.6 | 0.0% |
| Ukraine | N/A | N/A | N/A | 0.2 | 0% |
| Russia | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | 0.7 | 0.3 | 0.8 | 0.3 | -24.6% |
| Total | 15.9 | 6.6 | 13.2 | 15.3 | -1.3% |
Top Suppliers of Flax; Broken or Scutched, But Not Spun to Lithuania in 2022:
- France (3368.7 tons)
- Belgium (120.5 tons)
- Russia (72.8 tons)
- Ukraine (58.0 tons)
Exports of Flax; Broken or Scutched, But Not Spun in Lithuania
In 2022, approx. 117 tons of flax; broken or scutched, but not spuns were exported from Lithuania; reducing by -81.6% on 2021 figures. Overall, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 591% against the previous year. As a result, the exports reached the peak of 635 tons, and then dropped sharply in the following year.
In value terms, exports of flax; broken or scutched, but not spuns contracted significantly to $335K in 2022. Over the period under review, exports saw a abrupt downturn. The growth pace was the most rapid in 2021 when exports increased by 612%. As a result, the exports reached the peak of $2M, and then declined dramatically in the following year.
| Export of Flax; Broken or Scutched, But Not Spun in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | N/A | N/A | 335 | 0% |
| China | 154 | 86.6 | 501 | N/A | 80.4% |
| India | N/A | 200 | 1,491 | N/A | 645.5% |
| Egypt | 238 | N/A | N/A | N/A | 0% |
| Bangladesh | 80.5 | N/A | N/A | N/A | 0% |
| Others | 4.2 | 0.1 | 53.4 | N/A | 256.6% |
| Total | 477 | 287 | 2,045 | 335 | -11.1% |
Top Export Markets for Flax; Broken or Scutched, But Not Spun from Lithuania in 2022:
- France (116.9 tons)
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