Eastern Europe: Market for Flax, Tow And Waste 2022

Market Size for Flax, Tow And Waste in Eastern Europe

In 2021, the East European flax, tow and waste market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is likely to see gradual growth in the near future.

Production of Flax, Tow And Waste in Eastern Europe

In value terms, flax, tow and waste production soared to $X in 2021 estimated in export price. The total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2019 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

The country with the largest volume of flax, tow and waste production was Belarus (X tons), accounting for X% of total volume. Moreover, flax, tow and waste production in Belarus exceeded the figures recorded by the second-largest producer, Lithuania (X tons), threefold. Hungary (X tons) ranked third in terms of total production with less than X% share.

In Belarus, flax, tow and waste production remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Lithuania (X% per year) and Hungary (-X% per year).

Exports of Flax, Tow And Waste

Exports in Eastern Europe

In 2021, overseas shipments of flax, tow and waste were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, flax, tow and waste exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Exports by Country

Lithuania (X tons) and Belarus (X tons) represented roughly X% of total exports in 2021. It was distantly followed by Poland (X tons), making up a X% share of total exports. Latvia (X tons) held a minor share of total exports.

From 2012 to 2021, the biggest increases were in Latvia (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X) remains the largest flax, tow and waste supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by Belarus, with a X% share.

In Lithuania, flax, tow and waste exports expanded at an average annual rate of +X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+X% per year) and Belarus (-X% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, flattening at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Poland ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Flax, Tow And Waste

Imports in Eastern Europe

In 2021, overseas purchases of flax, tow and waste were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, flax, tow and waste imports reached $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Lithuania (X tons), the Czech Republic (X tons) and Poland (X tons) represented the largest importer of flax, tow and waste in Eastern Europe, generating X% of total import. It was distantly followed by Russia (X tons), making up a X% share of total imports. Latvia (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were in Latvia (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constitutes the largest market for imported flax, tow and waste in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Lithuania ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2021, the average annual growth rate of value in Poland amounted to +X%. In the other countries, the average annual rates were as follows: Lithuania (+X% per year) and the Czech Republic (-X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, increasing by X% against the previous year. Import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, flax, tow and waste import price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, import prices hit record highs in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Poland ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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