Portugal: Market for Flax, Raw Or Retted 2022

Market Size for Flax, Raw Or Retted in Portugal

In 2021, the Portuguese flax, raw or retted market increased by X% to $X, rising for the third consecutive year after three years of decline. Overall, consumption recorded mild growth. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Flax, Raw Or Retted in Portugal

In value terms, flax, raw or retted production stood at $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. Over the period under review, production reached the maximum level in 2021 and is likely to continue growth in the immediate term.

In 2021, the average yield of flax, raw or retted in Portugal was estimated at less than X kg per ha, leveling off at the previous year. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. less than X ha of flax, raw or retted were harvested in Portugal; remaining stable against 2020. Overall, the harvested area recorded a relatively flat trend pattern.

Exports of Flax, Raw Or Retted

Exports from Portugal

In 2021, approx. X kg of flax, raw or retted were exported from Portugal; increasing by X% against the previous year's figure. Over the period under review, exports saw a strong expansion. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, flax, raw or retted exports soared to $X in 2021. Overall, exports posted a slight increase. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Angola (X kg) was the main destination for flax, raw or retted exports from Portugal, accounting for a X% share of total exports. It was followed by Mozambique (X kg), with less than X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Angola stood at +X%.

In value terms, Angola ($X) remains the key foreign market for flax, raw or retted exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by Mozambique ($X), with less than X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Angola totaled +X%.

Export Prices by Country

In 2021, the average flax, raw or retted export price amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the export price recorded a deep contraction. The growth pace was the most rapid in 2019 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Angola ($X per ton), while the average price for exports to Mozambique amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (-X%).

Imports of Flax, Raw Or Retted

Imports into Portugal

In 2021, overseas purchases of flax, raw or retted decreased by -X% to less than X kg for the first time since 2017, thus ending a three-year rising trend. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, flax, raw or retted imports fell rapidly to less than $X in 2021. Over the period under review, imports, however, showed a mild expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2020, Belgium (X tons) was the main supplier of flax, raw or retted to Portugal, accounting for a X% share of total imports. Moreover, flax, raw or retted imports from Belgium exceeded the figures recorded by the second-largest supplier, China (X kg), more than tenfold.

From 2012 to 2020, the average annual rate of growth in terms of volume from Belgium amounted to +X%.

In value terms, Belgium ($X) constituted the largest supplier of flax, raw or retted to Portugal, comprising X% of total imports. The second position in the ranking was taken by China ($X), with less than X% share of total imports.

From 2012 to 2020, the average annual growth rate of value from Belgium totaled +X%.

Import Prices by Country

In 2020, the average flax, raw or retted import price amounted to $X per ton, declining by -X% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2020: its price increased at an average annual rate of +X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, flax, raw or retted import price decreased by -X% against 2017 indices. The growth pace was the most rapid in 2017 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2020, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Belgium (+X%).

Source: IndexBox Platform

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