Flax Yarn Price in New Zealand - 2023

Contents:

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

Flax Yarn Price in New Zealand (CIF) - 2022

In 2022, the average flax yarn import price amounted to $54,196 per ton, picking up by 159% against the previous year. In general, the import price posted buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($68,469 per ton), while the price for Australia ($11,365 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Flax Yarn Price in New Zealand (FOB) - 2022

The average flax yarn export price stood at $24,518 per ton in 2022, picking up by 5.5% against the previous year. Overall, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of 36%. As a result, the export price reached the peak level of $27,712 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +115.6% per year.

Flax Yarn Imports in New Zealand

In 2022, imports of flax yarns into New Zealand shrank to 1.6 tons, which is down by -11.4% against the year before. In general, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 461%. As a result, imports attained the peak of 1.8 tons, and then shrank in the following year.

In value terms, flax yarn imports soared to $88K in 2022. Over the period under review, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 421%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Flax Yarn to New Zealand in 2022:

1. Italy (679.0 kg)
2. Portugal (445.0 kg)
3. Peru (261.0 kg)
4. China (99.0 kg)
5. France (54.0 kg)
6. United Kingdom (35.0 kg)
7. Hungary (27.0 kg)

Flax Yarn Exports in New Zealand

In 2022, after three years of growth, there was significant decline in shipments abroad of flax yarns, when their volume decreased by 99.9% to less than 0.1 kg. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 467% against the previous year.

In value terms, flax yarn exports dropped significantly to $3 in 2022. Overall, exports continue to indicate a precipitous slump. The pace of growth appeared the most rapid in 2020 when exports increased by 387% against the previous year.

Top Export Markets for Flax Yarn from New Zealand in 2022:

1. Australia (66.0 kg)

Source: IndexBox Market Intelligence Platform