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

Contents:

1. Price for Yarn; of Flax, Single in Egypt (FOB) - 2022
2. Price for Yarn; of Flax, Single in Egypt (CIF) - 2022
3. Exports of Yarn; of Flax, Single in Egypt
4. Imports of Yarn; of Flax, Single in Egypt

Price for Yarn; of Flax, Single in Egypt (FOB) - 2022

The average yarn; of flax, single export price stood at $4,988 per ton in 2022, growing by 18% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 45%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($13,257 per ton), while the average price for exports to Greece ($3,139 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 China (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Yarn; of Flax, Single in Egypt (CIF) - 2022

In 2022, the average yarn; of flax, single import price amounted to $12,751 per ton, surging by 19% against the previous year. Over the period under review, the import price recorded prominent growth. The pace of growth appeared the most rapid in 2017 an increase of 224%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($12,751 per ton), while the price for Italy stood at $12,751 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Yarn; of Flax, Single in Egypt

In 2022, yarn; of flax, single exports from Egypt shrank modestly to 584 tons, which is down by -5% against 2021. Over the period under review, total exports indicated a perceptible expansion from 2019 to 2022: its volume increased at an average annual rate of +2.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 89% against the previous year. As a result, the exports reached the peak of 615 tons, and then shrank slightly in the following year.

In value terms, yarn; of flax, single exports expanded notably to $2.9M in 2022. In general, exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 131% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

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

1. Germany (116.2 tons)
2. Hungary (86.8 tons)
3. China (76.9 tons)
4. Italy (59.0 tons)
5. Spain (51.0 tons)
6. France (50.4 tons)
7. Greece (39.1 tons)
8. Romania (33.6 tons)
9. Belgium (26.2 tons)
10. United States (10.5 tons)
11. Pakistan (10.1 tons)
12. Slovenia (2.6 tons)

Imports of Yarn; of Flax, Single in Egypt

In 2022, supplies from abroad of yarn; of flax, singles was finally on the rise to reach 97 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a abrupt shrinkage.

In value terms, yarn; of flax, single imports skyrocketed to $1.2M in 2022. Overall, imports continue to indicate moderate growth.

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

1. China (95.6 tons)
2. Turkey (1.4 tons)
3. Italy (0.1 tons)

Source: IndexBox Market Intelligence Platform