Price for Yarn; of Flax, Multiple (Folded) or Cabled in Bulgaria - 2023

Contents:

1. Price for Yarn; of Flax, Multiple (Folded) or Cabled in Bulgaria (FOB) - 2023
2. Price for Yarn; of Flax, Multiple (Folded) or Cabled in Bulgaria (CIF) - 2022
3. Exports of Yarn; of Flax, Multiple (Folded) or Cabled in Bulgaria
4. Imports of Yarn; of Flax, Multiple (Folded) or Cabled in Bulgaria

Price for Yarn; of Flax, Multiple (Folded) or Cabled in Bulgaria (FOB) - 2023

In November 2023, the average export price for yarn; of flax, multiple (folded) or cableds amounted to $29,917 per ton, with a decrease of -9.8% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 when the average export price increased by 31% m-o-m. As a result, the export price attained the peak level of $34,932 per ton. From August 2023 to November 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Romania ($43,938 per ton), while the average price for exports to Italy ($23,744 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Yarn; of Flax, Multiple (Folded) or Cabled in Bulgaria (CIF) - 2022

In 2022, the average import price for yarn; of flax, multiple (folded) or cableds amounted to $39,341 per ton, increasing by 8.6% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for yarn; of flax, multiple (folded) or cableds increased by +1.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 30%. The import price peaked in 2022 and is likely to see gradual 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 Italy ($39,979 per ton), while the price for Portugal ($22,769 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Yarn; of Flax, Multiple (Folded) or Cabled in Bulgaria

Exports of yarn; of flax, multiple (folded) or cableds from Bulgaria stood at 24 tons in 2022, stabilizing at the year before. In general, exports, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 18% against the previous year. As a result, the exports attained the peak of 31 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of yarn; of flax, multiple (folded) or cableds expanded remarkably to $638K in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 29% against the previous year. As a result, the exports attained the peak of $818K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Yarn; of Flax, Multiple (Folded) or Cabled from Bulgaria in 2022:

1. Italy (11.9 tons)
2. Turkey (4.8 tons)
3. China (2.2 tons)
4. Serbia (1.0 tons)
5. Portugal (0.9 tons)
6. Lithuania (0.9 tons)
7. Madagascar (0.6 tons)
8. Finland (0.6 tons)
9. Spain (0.3 tons)

Imports of Yarn; of Flax, Multiple (Folded) or Cabled in Bulgaria

In 2022, supplies from abroad of yarn; of flax, multiple (folded) or cableds decreased by -23.4% to 2.6 tons, falling for the second year in a row after two years of growth. Overall, imports showed a noticeable decline. The most prominent rate of growth was recorded in 2020 when imports increased by 163% against the previous year. As a result, imports reached the peak of 7.6 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of yarn; of flax, multiple (folded) or cableds fell rapidly to $104K in 2022. Over the period under review, imports recorded a pronounced downturn. The pace of growth was the most pronounced in 2020 with an increase of 123%. As a result, imports attained the peak of $251K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Yarn; of Flax, Multiple (Folded) or Cabled to Bulgaria in 2022:

1. Italy (2478.0 kg)
2. Portugal (108.0 kg)
3. France (29.0 kg)
4. Germany (21.0 kg)

Source: IndexBox Market Intelligence Platform