Price for Yarn; of Flax, Single in Lithuania - 2023

Contents:

1. Price for Yarn; of Flax, Single in Lithuania (FOB) - 2023
2. Price for Yarn; of Flax, Single in Lithuania (CIF) - 2023
3. Exports of Yarn; of Flax, Single in Lithuania
4. Imports of Yarn; of Flax, Single in Lithuania

Price for Yarn; of Flax, Single in Lithuania (FOB) - 2023

The average yarn; of flax, single export price stood at $14,789 per ton in September 2023, rising by 15% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.6%. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 30% m-o-m. The export price peaked at $15,188 per ton in July 2023; however, from August 2023 to September 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Italy ($19,545 per ton), while the average price for exports to France amounted to $3,398 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.3%).

Price for Yarn; of Flax, Single in Lithuania (CIF) - 2023

The average yarn; of flax, single import price stood at $11,570 per ton in September 2023, declining by -2.4% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 32% m-o-m. Over the period under review, average import prices attained the maximum at $15,589 per ton in May 2023; however, from June 2023 to September 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Italy ($21,107 per ton), while the price for Egypt ($2,311 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Yarn; of Flax, Single in Lithuania

Yarn; of flax, single exports from Lithuania totaled 2.3K tons in 2022, picking up by 12% compared with the previous year's figure. Overall, exports, however, continue to indicate a pronounced slump.

In value terms, yarn; of flax, single exports skyrocketed to $25M in 2022. The total export value increased at an average annual rate of +3.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Yarn; of Flax, Single from Lithuania in 2022:

1. Italy (1511.2 tons)
2. France (705.2 tons)
3. Poland (73.7 tons)

Imports of Yarn; of Flax, Single in Lithuania

In 2022, yarn; of flax, single imports into Lithuania soared to 1.4K tons, growing by 18% on 2021. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +9.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, yarn; of flax, single imports surged to $16M in 2022. Over the period under review, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 45% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Yarn; of Flax, Single to Lithuania in 2022:

1. China (1230.4 tons)
2. Italy (55.7 tons)
3. Bangladesh (38.7 tons)
4. Poland (7.4 tons)

Source: IndexBox Market Intelligence Platform