Price for Flax; Broken or Scutched, But Not Spun in Ireland - 2023
Contents:
- Price for Flax; Broken or Scutched, But Not Spun in Ireland (CIF) - 2022
- Imports of Flax; Broken or Scutched, But Not Spun in Ireland
Price for Flax; Broken or Scutched, But Not Spun in Ireland (CIF) - 2022
The average import price for flax; broken or scutched, but not spuns stood at $1,202 per ton in 2022, shrinking by -4.8% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 26%. Over the period under review, average import prices hit record highs at $1,516 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($1,288 per ton), while the price for Denmark ($1,200 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Flax; Broken or Scutched, But Not Spun in Ireland
Imports of flax; broken or scutched, but not spuns into Ireland rose to 8.3 tons in 2022, with an increase of 3.5% on the previous year. The total import volume increased at an average annual rate of +4.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, imports of flax; broken or scutched, but not spuns reduced slightly to $10K in 2022. The total import value increased at an average annual rate of +4.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 36%. As a result, imports reached the peak of $10K, and then dropped slightly in the following year.
| Import of Flax; Broken or Scutched, But Not Spun in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | N/A | 2.8 | 8.3 | 7.7 | 65.8% |
| Netherlands | 7.8 | 4.6 | 1.8 | 2.2 | -34.4% |
| United Kingdom | 0.8 | N/A | N/A | 0.1 | -50.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.7 | 7.5 | 10.2 | 10.0 | 4.8% |
Top Suppliers of Flax; Broken or Scutched, But Not Spun to Ireland in 2022:
- Denmark (6.4 tons)
- Netherlands (1.8 tons)
- United Kingdom (0.1 tons)
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