India: Market for Flax, Raw Or Retted 2022

Market Size for Flax, Raw Or Retted in India

In 2021, the Indian flax, raw or retted market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2020, and then declined in the following year.

Production of Flax, Raw Or Retted in India

In value terms, flax, raw or retted production reduced dramatically to $X in 2021 estimated in export price. Overall, production enjoyed a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then shrank markedly in the following year.

The average yield of flax, raw or retted in India amounted to less than X kg per ha in 2021, approximately reflecting the year before. Overall, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of flax, raw or retted production in India was estimated at less than X ha, remaining relatively unchanged against 2020 figures. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Exports of Flax, Raw Or Retted

Exports from India

In 2021, after two years of growth, there was decline in overseas shipments of flax, raw or retted, when their volume decreased by less than X% to X tons. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2020, and then reduced slightly in the following year.

In value terms, flax, raw or retted exports expanded sharply to $X in 2021. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Lithuania (X tons), China (X tons) and Spain (X tons) were the main destinations of flax, raw or retted exports from India, with a combined X% share of total exports.

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

In value terms, Lithuania ($X) emerged as the key foreign market for flax, raw or retted exports from India, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Lithuania stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Spain (+X% per year).

Export Prices by Country

In 2021, the average flax, raw or retted export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price showed a buoyant increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Bangladesh ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flax, Raw Or Retted

Imports into India

Flax, raw or retted imports into India dropped sharply to X tons in 2021, with a decrease of -X% compared with the year before. In general, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, flax, raw or retted imports fell rapidly to $X in 2021. Over the period under review, imports recorded a slight decline. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of $X, and then fell sharply in the following year.

Imports by Country

In 2021, Belgium (X tons) constituted the largest flax, raw or retted supplier to India, accounting for a X% share of total imports. Moreover, flax, raw or retted imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. Egypt (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-X% per year) and Egypt (-X% per year).

In value terms, Belgium ($X) constituted the largest supplier of flax, raw or retted to India, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Egypt (-X% per year).

Import Prices by Country

In 2021, the average flax, raw or retted import price amounted to $X per ton, falling by -X% against the previous year. Over the period under review, import price indicated a prominent 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, raw or retted import price increased by +X% against 2017 indices. The growth pace was the most rapid in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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