Iceland: Flax Fabric Market 2020

Flax Fabric Market Size in Iceland

The revenue of the flax fabric market in Iceland amounted to $X in 2018, increasing by X% against the previous year. Overall, flax fabric consumption, however, continues to indicate a drastic drop. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Iceland flax fabric consumption peaked at $X in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

Flax Fabric Production in Iceland

In value terms, flax fabric production stood at $X in 2018 estimated in export prices. Over the period under review, flax fabric production, however, continues to indicate a moderate contraction. The pace of growth was the most pronounced in 2017 when production volume increased by X% y-o-y. Iceland flax fabric production peaked at $X in 2013; however, from 2014 to 2018, production stood at a somewhat lower figure.

Flax Fabric Exports

Exports from Iceland

Flax fabric exports from Iceland stood at X square meters in 2018, declining by -X% against the previous year. Over the period under review, flax fabric exports continue to indicate a dramatic decline. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Iceland exports peaked at X square meters in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, flax fabric exports stood at $X in 2018. Over the period under review, flax fabric exports continue to indicate a perceptible slump. The pace of growth was the most pronounced in 2017 when exports increased by X% year-to-year. Over the period under review, flax fabric exports reached their peak figure at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

China dominates flax fabric exports structure, finishing at X square meters, which was approx. X% of total exports in 2018. Italy (X square meters) held the second position in the ranking, followed by Belarus (X square meters). All these countries together took approx. X% share of total exports. The following exporters - Belgium (X square meters), China, Hong Kong SAR (X square meters), the Netherlands (X square meters), Syrian Arab Republic (X square meters), India (X square meters), Russia (X square meters), the UK (X square meters), Spain (X square meters) and Turkey (X square meters) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to flax fabric exports from China stood at +X%. At the same time, Syrian Arab Republic (+X%), India (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, Syrian Arab Republic emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Belarus (-X%), Turkey (-X%), Belgium (-X%), Spain (-X%), Italy (-X%), the UK (-X%), Russia (-X%) and China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. China (+X p.p.), Syrian Arab Republic (+X p.p.) and India (+X p.p.) significantly strengthened its position in terms of the global exports, while Spain, Belgium, the UK, Italy, Russia and China, Hong Kong SAR saw its share reduced by -X%, -X%, -X%, -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest flax fabric supplier from Iceland, comprising X% of global exports. The second position in the ranking was occupied by Italy ($X), with a X% share of global exports. It was followed by Belgium, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China was relatively modest. In the other countries, the average annual rates were as follows: Italy (-X% per year) and Belgium (-X% per year).

Export Prices by Country

In 2018, the flax fabric export price in Iceland amounted to $X per square meter, surging by X% against the previous year. Over the period under review, the flax fabric export price continues to indicate an extraordinary increase. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Iceland export price peaked at $X per square meter in 2013; however, from 2014 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Italy ($X per square meter), while Syrian Arab Republic ($X per square meter) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Belarus, while the other leaders experienced more modest paces of growth.

Flax Fabric Imports

Imports into Iceland

Flax fabric imports into Iceland stood at X square meters in 2018, reducing by -X% against the previous year. In general, flax fabric imports, however, continue to indicate a modest expansion. The growth pace was the most rapid in 2014 when imports increased by X% y-o-y. Over the period under review, flax fabric imports attained their peak figure at X square meters in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

In value terms, flax fabric imports amounted to $X in 2018. In general, flax fabric imports, however, continue to indicate a drastic deduction. The pace of growth was the most pronounced in 2012 when imports increased by X% against the previous year. In that year, flax fabric imports reached their peak of $X. From 2013 to 2018, the growth of flax fabric imports remained at a somewhat lower figure.

Imports by Country

In 2018, Bangladesh (X square meters), distantly followed by the U.S. (X square meters), South Korea (X square meters), Italy (X square meters) and the Netherlands (X square meters) were the largest importers of woven fabrics of flax, together comprising X% of total imports. Vietnam (X square meters), Cambodia (X square meters), Lithuania (X square meters), Japan (X square meters), the UK (X square meters), Spain (X square meters) and Indonesia (X square meters) followed a long way behind the leaders.

Bangladesh was also the fastest-growing in terms of the woven fabrics of flax imports, with a CAGR of +X% from 2007 to 2018. At the same time, Indonesia (+X%), Cambodia (+X%), South Korea (+X%), the Netherlands (+X%), Vietnam (+X%), Lithuania (+X%) and Japan (+X%) displayed positive paces of growth. By contrast, Spain (-X%), Italy (-X%), the UK (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. Bangladesh (+X p.p.), South Korea (+X p.p.), the Netherlands (+X p.p.), Vietnam (+X p.p.), Cambodia (+X p.p.) and Indonesia (+X p.p.) significantly strengthened its position in terms of the global imports, while the UK, Italy and the U.S. saw its share reduced by -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest flax fabric importing markets into Iceland were Bangladesh ($X), the U.S. ($X) and Italy ($X), with a combined X% share of total imports.

Bangladesh recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the flax fabric import price in Iceland amounted to $X per square meter, coming down by -X% against the previous year. Over the period under review, the flax fabric import price continues to indicate a deep shrinkage. The pace of growth was the most pronounced in 2012 when the import price increased by X% year-to-year. In that year, the import prices for woven fabrics of flax attained their peak level of $X per square meter. From 2013 to 2018, the growth in terms of the import prices for woven fabrics of flax failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per square meter), while South Korea ($X per square meter) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform