IndexBox, Inc. has just published a new report "World – Flax Fiber – Market Analysis, Forecast, Size, Trends and Insights". Here is a summary of the report’s key findings.
Flax fiber Imports
The imports amounted to 270K tonnes in 2017, rising by 2% against the previous year level. Overall, it indicated a noticeable expansion from 2007 to 2017: the total imports volume increased at an average annual rate of +3.0% over the last ten years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2017, flax fiber imports decreased by +0.2% against its level of 2014. The most prominent rate of growth was recorded in 2010, when imports increased by 37% y-o-y. Global import peaked in 2017, and are likely to see steady growth in the immediate term.
In value terms, flax fiber imports stood at $682M in 2017. Overall, flax fiber imports continue to indicate a strong expansion. Over the period under review, flax fiber imports reached its maximum level of $715M in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.
Flax fiber Imports By Country
China (183K tonnes) was the main importing country with an import of about 183K tonnes, which amounted to 68% of total imports. Belgium (29K tonnes) held the second position in the ranking, followed by India (13K tonnes). All these countries together took near 16% share of total imports. The following importers - the Netherlands (6.6K tonnes), Lithuania (5.9K tonnes), Russia (4.6K tonnes), and Poland (4.4K tonnes) held approx. 8% of total imports, each.
Imports into China increased at an average annual rate of +4.8% from 2007 to 2017. At the same time, India (+15.4%), and Belgium (+1.2%) displayed positive paces of growth. Moreover, India emerged as the fastest growing importer in the world, with a CAGR of +15.4% from 2007-2017. The Netherlands experienced a relatively flat trend pattern. By contrast, Lithuania (-2.9%), Poland (-5.6%), and Russia (-7.1%) illustrated a downward trend over the same period. While the share of Russia (2%) increased significantly in terms of the global imports from 2007-2017, the share of India (-3.7%), and China (-25.5%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($475M) constitutes the largest market for imported flax fiber worldwide, making up 70% of global imports. The second position in the ranking was occupied by Belgium ($64M), with the share of 9% of global imports. It was followed by India, with the share of 6%.
In China, flax fiber imports increased at an average annual rate of +6.6% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Belgium (+1.0% per year) and India (+17.9% per year).
Flax fiber Import Prices By Country
In 2017, the average import price for flax fiber amounted to $2,531 per tonne, dropping by -3.9% against the previous year. Over the period from 2007 to 2017 it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2011, when import price increased by 43% from the previous year level. Over the period under review, average import price for flax fiber attained its maximum level of $2,657 per tonne in 2014; however, from 2015 to 2017, it failed to regain its strength.
There were significant differences in the average import prices amongst major importing countries. In 2017, the country with the highest import price was India ($3,055 per tonne), while the Netherlands ($826 per tonne) was among the lowest.
From 2007 to 2017, the most notable growth rate of import prices was attained by Russia (+14.3% per year), while the other global leaders experienced more modest paces of growth.
Description
This report provides an in-depth analysis of the global flax fiber market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Companies Mentioned
The Climate Corporation International SA, GLENCORE LAND (AUSTRALIA) PTY LTD, Hainan Huanhaicheng Trading Co., Ltd., Luohe Jintudi Agriculture Development Co., Ltd., Qinghai Liansheng Grassland Ecology Development Co., Ltd., Clay Farms, CORPORACION ALIMENTARIA GUISSONA, SOCIEDAD ANONIMA, Xiaoyi Lvmuchang Agriculture & Animal Husbandry Co., Ltd., Luochuan County Angliqi Trading Co., Ltd., PEANUT COMPANY OF AUSTRALIA LIMITED, Yudalong Agriculture Park (Zengcheng) Co., Ltd., Liuhe County Shiquan Farmer Plantation Specialty Cooperative, Jingle County Xinxuan Plantation Specialty Cooperative, Suzhou Yongqiao District Dadian Zifang Plantation Family Farm, INTIMEX GROUP JOINT STOCK COMPANY, Jiayu County Jigeng Team Family Farm, GRIEKWALAND WES KORPORATIEF LTD, NEW BRITAIN PALM OIL LIMITED, Castrolanda - Cooperativa Agroindustrial Ltda., Datong Xianxiangqing Agriculture Plantation Specialty Cooperative, Zhucheng Tailiangang Grain Plantation, Zhucheng Taigongfu Grain Plantation, TAKII & CO.,LTD., GENTING PLANTATIONS BERHAD, Cooperativa Agroindustrial Copagril.
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