Price for Yarn; of Flax, Single in South Africa - 2023

Contents:

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

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

In 2022, the average yarn; of flax, single import price amounted to $15,132 per ton, which is down by -4.5% against the previous year. Overall, the import price, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 95%. The import price peaked at $15,845 per ton in 2021, and then contracted modestly in the following year.

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 France ($23,042 per ton), while the price for China ($12,597 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+34.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average yarn; of flax, single export price stood at $16,476 per ton in 2022, with an increase of 57% against the previous year. Overall, the export price enjoyed a prominent expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 867% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Swaziland ($16,960 per ton), while the average price for exports to Japan totaled $3,012 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+43.1%), while the prices for the other major destinations experienced a decline.

Imports of Yarn; of Flax, Single in South Africa

In 2022, after two years of decline, there was significant growth in purchases abroad of yarn; of flax, singles, when their volume increased by 475% to 38 tons. In general, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, yarn; of flax, single imports skyrocketed to $581K in 2022. Over the period under review, imports saw a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Italy (24.0 tons)
2. China (13.2 tons)
3. France (1.2 tons)

Exports of Yarn; of Flax, Single in South Africa

In 2022, approx. 391 kg of yarn; of flax, singles were exported from South Africa; rising by 287% compared with the previous year. In general, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 323%. As a result, the exports attained the peak of 1 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, yarn; of flax, single exports surged to $6.4K in 2022. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Swaziland (378.0 kg)
2. Japan (14.0 kg)

Source: IndexBox Market Intelligence Platform