Home / Knowledge / News / Textiles / Global exports of flax (raw or retted) to rise

Global exports of flax (raw or retted) to rise

20
Jun '20
Pic: Shutterstock
Pic: Shutterstock
The global trade of flax (raw or retted) has shown a moderate decline in in the year 2019. The total trade considerably decreased 32.58 per cent from $20.06 million in 2017 to to $13.53 million in 2019, according to data from TexPro. The total trade of flax (raw or retted) has declined 7.14 per cent in 2019 compared to the previous year.
 
Further, the trade of flax (raw or retted) is anticipated to surge to $23.50 million in 2022 with a rate of 73.79 per cent from 2019, according to Fibre2Fashion's market analysis tool TexPro.
 
The global export of flax (raw or retted) was $10.63 million in 2017, which declined 54.04 per cent to $4.89 million in 2019. However, total exports grew 29.89 per cent in 2019 over the previous year and is expected to move up to $10.71 million in 2022 with a rate of 119.14 per cent from 2019.
 
The global import value of flax (raw or retted) was $9.43 million in 2017, which dropped 8.37 per cent to $8.64 million in 2019. Total imports depressed 20.03 per cent in 2019 over the previous year and is expected to grow to $12.79 million in 2022 with a rate of 48.02 per cent from 2019.
 
The US ($1.27 million), Belgium ($0.93 million), Canada ($0.81 million), India ($0.63 million) and Netherlands ($0.38 million) were the key exporters of flax (raw or retted) across the globe in 2019, together comprising 82.13 per cent of total export. These were followed by Italy ($0.25 million), Slovakia ($0.22 million) and Ireland ($0.15 million).
 
From 2016 to 2019, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by the Netherlands, India, Belgium and US.
 
Belgium ($5.48 million), Netherlands ($1.32 million) and Ireland ($0.51 million) were the key importers of flax (raw or retted) across the globe in 2019, together comprising 84.63 per cent of total import. These were followed by Italy ($0.51 million), US ($0.29 million) and France ($0.22 million).
 
From 2016 to 2019, the most notable rate of growth in terms of export value, amongst the main importing countries, was attained by Netherlands and Ireland.

Fibre2Fashion News Desk (JL)


Must ReadView All

Pic: Shutterstock

Textiles | On 14th May 2021

European Commission upgrades EU growth outlook for 2021 & 2022

In its Spring 2021 Economic Forecast, the European Commission has...

Pic: Shutterstock

Textiles | On 14th May 2021

Global 2021-22 cotton consumption highest in 4 years: USDA

Record global cotton supply will drive higher consumption as recovery ...

Pic: Walmart

Retail | On 14th May 2021

Walmart to acquire virtual fitting room platform Zeekit

US retail giant Walmart is acquiring Zeekit, a female-founded,...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

Textile Industry, Head honchos

Textile Industry
Head honchos

Fashion tech has to be lean and very productive

Textile Industry, Head honchos

Textile Industry
Head honchos

We are staring at livelihood crisis for weavers

Ritu Oberoi,

Ritu Oberoi

Established in 2018, Forsarees is a socially driven business enterprise,...

Emmi Berlin,

Emmi Berlin

With the support of the first investors - Finland's Technical Research...

Shivendra Nigam,

Shivendra Nigam

Delhi-headquartered Cantabil Retail India Ltd was founded by Vijay Bansal...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search