Flax Yarn Price in Ethiopia - 2022

Contents:

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

Flax Yarn Price in Ethiopia (FOB) - 2022

In 2022, the average flax yarn export price amounted to $2,577 per ton, reducing by -28.4% against the previous year. In general, the export price faced a abrupt descent. Over the period under review, the average export prices attained the maximum at $7,609 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($2,918 per ton) and India ($2,610 per ton), while the average price for exports to Turkey ($2,445 per ton) and Portugal ($2,486 per ton) were amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.1%), while the prices for the other major destinations experienced a decline.

Flax Yarn Price in Ethiopia (CIF) - 2022

In 2022, the average flax yarn import price amounted to $15,803 per ton, reducing by -12.9% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 174%. The import price peaked at $25,270 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($42,944 per ton), while the price for China amounted to $2,093 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.6%), while the prices for the other major suppliers experienced a decline.

Flax Yarn Exports in Ethiopia

In 2022, exports of flax yarns from Ethiopia surged to 1.8K tons, picking up by 187% on the previous year's figure. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, flax yarn exports surged to $4.6M in 2022. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Flax Yarn from Ethiopia in 2022:

1. Italy (781.9 tons)
2. India (648.0 tons)
3. Portugal (184.8 tons)
4. Bulgaria (72.5 tons)
5. Germany (20.6 tons)
6. Turkey (16.2 tons)

Flax Yarn Imports in Ethiopia

Flax yarn imports into Ethiopia stood at 1.2 tons in 2022, remaining stable against the previous year. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 131%. As a result, imports reached the peak of 1.4 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, flax yarn imports fell to $19K in 2022. In general, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 130%. As a result, imports reached the peak of $21K, and then fell in the following year.

Top Suppliers of Flax Yarn to Ethiopia in 2022:

1. China (784.0 kg)
2. Belgium (396.0 kg)

Source: IndexBox Market Intelligence Platform