Portugal: Market for Flax, Tow And Waste 2022

Market Size for Flax, Tow And Waste in Portugal

The Portuguese flax, tow and waste market declined dramatically to $X in 2021, with a decrease of -X% against the previous year. In general, consumption continues to indicate a significant curtailment. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Flax, Tow And Waste in Portugal

In value terms, flax, tow and waste production rose slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a pronounced downturn. The growth pace was the most rapid in 2015 with an increase of X%. Flax, tow and waste production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

In 2021, the average flax, tow and waste yield in Portugal was estimated at less than X kg per ha, remaining relatively unchanged against the previous year's figure. Overall, the yield continues to indicate 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, tow and waste production in Portugal totaled less than X ha, stabilizing at the previous year's figure. Overall, the harvested area showed a relatively flat trend pattern.

Exports of Flax, Tow And Waste

Exports from Portugal

In 2021, approx. X tons of flax, tow and waste were exported from Portugal; growing by X% against 2020 figures. In general, exports showed significant growth. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, flax, tow and waste exports soared to $X in 2021. Over the period under review, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

France (X tons) was the main destination for flax, tow and waste exports from Portugal, accounting for a X% share of total exports. Moreover, flax, tow and waste exports to France exceeded the volume sent to the second major destination, Spain (X tons), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to France totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Angola (-X% per year).

In value terms, France ($X) remains the key foreign market for flax, tow and waste exports from Portugal, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to France amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Angola (-X% per year).

Export Prices by Country

The average flax, tow and waste export price stood at $X per ton in 2021, which is down by -X% against the previous year. In general, the export price recorded a abrupt setback. The pace of growth was the most pronounced in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Angola ($X per ton), while the average price for exports to France ($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 Spain (+X%), while the prices for the other major destinations experienced a decline.

Imports of Flax, Tow And Waste

Imports into Portugal

In 2021, the amount of flax, tow and waste imported into Portugal surged to X tons, jumping by X% on the year before. Overall, imports posted a pronounced increase. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, flax, tow and waste imports skyrocketed to $X in 2021. Over the period under review, imports recorded a measured expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Austria (X kg) and Spain (X kg) were the main suppliers of flax, tow and waste imports to Portugal.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of X value terms, the largest flax, tow and waste suppliers to Portugal were Spain ($X) and Austria ($X, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2021, the average flax, tow and waste import price amounted to $X per ton, waning by -X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then fell significantly 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 Spain ($X per ton), while the price for Austria totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+X%).

Source: IndexBox Platform

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