Global exports of flax (raw or retted) to rise
20 Jun 20 2 min read
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.
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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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