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

Contents:

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

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

In 2022, the average import price for yarn; of flax, multiple (folded) or cableds amounted to $23,129 per ton, which is down by -37.6% against the previous year. Overall, the import price showed a pronounced descent. The pace of growth was the most pronounced in 2021 an increase of 134% against the previous year. Over the period under review, average import prices reached the peak figure at $38,202 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($135,714 per ton), while the price for China ($13,749 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for yarn; of flax, multiple (folded) or cableds amounted to $45,774 per ton, with an increase of 377% against the previous year. In general, the export price recorded a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($32,267 per ton), while the average price for exports to China ($13,151 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+14.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, supplies from abroad of yarn; of flax, multiple (folded) or cableds increased by 44% to 20 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a dramatic slump.

In value terms, imports of yarn; of flax, multiple (folded) or cableds fell to $463K in 2022. Over the period under review, imports, however, continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of 54%.

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

1. China (15.2 tons)
2. Italy (3.8 tons)
3. France (0.3 tons)

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

In 2022, approx. 4.7 tons of yarn; of flax, multiple (folded) or cableds were exported from South Korea; with an increase of 20% compared with 2021 figures. Overall, exports, however, showed a sharp shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 110% against the previous year. As a result, the exports reached the peak of 21 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of yarn; of flax, multiple (folded) or cableds surged to $66K in 2022. In general, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 93%. As a result, the exports attained the peak of $215K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. China (4.6 tons)
2. Vietnam (0.1 tons)

Source: IndexBox Market Intelligence Platform