Global exports of flax (raw or retted) to rise

20 Jun '20

2 min read

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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)

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