Italy: Market for Flax, Tow And Waste 2022

Market Size for Flax, Tow And Waste in Italy

The Italian flax, tow and waste market declined to $X in 2021, with a decrease of -X% against the previous year. In general, consumption saw a significant decrease. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Flax, Tow And Waste in Italy

In value terms, flax, tow and waste production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

The average yield of flax, tow and waste in Italy stood at less than X kg per ha in 2021, therefore, remained relatively stable against the year before. In general, the yield saw 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, approx. less than X ha of flax, tow and waste were harvested in Italy; leveling off at 2020 figures. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Exports of Flax, Tow And Waste

Exports from Italy

In 2021, approx. X tons of flax, tow and waste were exported from Italy; rising by X% on 2020 figures. Over the period under review, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, flax, tow and waste exports soared to $X in 2021. Overall, exports showed resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Lithuania (X tons) was the main destination for flax, tow and waste exports from Italy, accounting for a X% share of total exports. Moreover, flax, tow and waste exports to Lithuania exceeded the volume sent to the second major destination, Turkey (X tons), sevenfold. The third position in this ranking was taken by France (X tons), with less than X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Lithuania amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+X% per year) and France (+X% per year).

In value terms, Lithuania ($X) remains the key foreign market for flax, tow and waste exports from Italy, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by France, with less than 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: Turkey (+X% per year) and France (+X% per year).

Export Prices by Country

The average flax, tow and waste export price stood at $X per ton in 2021, surging by less than X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by the country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Croatia ($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 Turkey (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flax, Tow And Waste

Imports into Italy

In 2021, purchases abroad of flax, tow and waste increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, faced a precipitous setback. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, flax, tow and waste imports surged to $X in 2021. Overall, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Belgium (X tons), Egypt (X tons) and Lithuania (X tons) were the main suppliers of flax, tow and waste imports to Italy, together comprising X% of total imports.

From 2012 to 2021, the biggest increases were in Lithuania (with a CAGR of +X%), while purchases for the other leaders experienced a decline.

In value terms, Egypt ($X), Belgium ($X) and Lithuania ($X) constituted the largest flax, tow and waste suppliers to Italy, together comprising X% of total imports.

Lithuania, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average flax, tow and waste import price amounted to $X per ton, dropping by -X% against the previous year. In general, the import price, however, saw a prominent increase. The pace of growth was the most pronounced in 2018 an increase of X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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