Asia-Pacific: Flax Fiber Market 2024

Flax Fiber Market Size in Asia-Pacific

The Asia-Pacific flax fiber market surged to $X in 2022, jumping by 16% against the previous year. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.6% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Flax Fiber Production in Asia-Pacific

In value terms, flax fiber production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, faced a drastic downturn. The growth pace was the most rapid in 2014 when the production volume increased by 61% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

China (X tons) constituted the country with the largest volume of flax fiber production, accounting for 98% of total volume. It was followed by Taiwan (Chinese) (X tons), with a 1.9% share of total production.

From 2012 to 2022, the average annual growth rate of volume in China amounted to -10.4%.

The average flax fiber yield declined to X tons per ha in 2022, waning by -2.3% on the previous year. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 134% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2015 to 2022, the growth of the flax fiber yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of flax fiber in Asia-Pacific reached X ha, growing by 2.8% compared with 2021 figures. Overall, the harvested area, however, continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 12% against the previous year. Over the period under review, the harvested area dedicated to flax fiber production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Flax Fiber Exports

Exports in Asia-Pacific

In 2022, overseas shipments of flax fiber decreased by -36.3% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, posted a perceptible increase. The growth pace was the most rapid in 2021 when exports increased by 76%. As a result, the exports reached the peak of X tons, and then shrank significantly in the following year.

In value terms, flax fiber exports contracted rapidly to $X in 2022. Overall, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 127% against the previous year. As a result, the exports attained the peak of $X, and then reduced rapidly in the following year.

Exports by Country

China (X tons) and India (X tons) represented roughly 75% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X tons) and Japan (X tons), together constituting a 22% share of total exports. Pakistan (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +15.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest flax fiber supplying countries in Asia-Pacific were China ($X), India ($X) and Taiwan (Chinese) ($X), with a combined 87% share of total exports. Pakistan and Japan lagged somewhat behind, together accounting for a further 13%.

Among the main exporting countries, Pakistan, with a CAGR of +31.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, shrinking by -1.9% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 29%. As a result, the export price reached the peak level of $X per ton, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+26.5%), while the other leaders experienced more modest paces of growth.

Flax Fiber Imports

Imports in Asia-Pacific

In 2022, the amount of flax fiber imported in Asia-Pacific expanded modestly to X tons, growing by 1.9% on the previous year. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.9% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 30% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, flax fiber imports soared to $X in 2022. Over the period under review, imports recorded resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by 37%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

China represented the main importer of flax fiber in Asia-Pacific, with the volume of imports resulting at X tons, which was approx. 75% of total imports in 2022. It was distantly followed by India (X tons), committing a 19% share of total imports. Vietnam (X tons) took a little share of total imports.

Imports into China increased at an average annual rate of +3.6% from 2012 to 2022. At the same time, Vietnam (+143.9%) and India (+21.1%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +143.9% from 2012-2022. While the share of India (+14 p.p.) and Vietnam (+3.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of China (-15.2 p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported flax fiber in Asia-Pacific, comprising 78% of total imports. The second position in the ranking was held by India ($X), with an 18% share of total imports.

In China, flax fiber imports expanded at an average annual rate of +9.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+23.2% per year) and Vietnam (+111.0% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, surging by 14% against the previous year. Import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 24% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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