South Africa: Market for Flax, Raw Or Retted 2022

Market Size for Flax, Raw Or Retted in South Africa

In 2021, the South African flax, raw or retted market decreased by -X% to $X for the first time since 2011, thus ending a nine-year rising trend. Over the period under review, consumption, however, showed a significant expansion. Flax, raw or retted consumption peaked at $X in 2020, and then dropped in the following year.

Exports of Flax, Raw Or Retted

Exports from South Africa

In 2021, after two years of growth, there was significant decline in shipments abroad of flax, raw or retted, when their volume decreased by -X% to X kg. Over the period under review, exports saw a deep setback. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The exports peaked at X kg in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, flax, raw or retted exports declined dramatically to $X in 2021. Overall, exports saw a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Lesotho (X kg), Botswana (X kg) and Swaziland (X kg) were the main destinations of flax, raw or retted exports from South Africa, with a combined X% share of total exports. Moreover, flax, raw or retted exports in Lesotho exceeded the figures recorded by the second-largest exporter, Botswana, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Swaziland (with a CAGR of +X%), while the other leaders experienced mixed trend patterns.

In value terms, Lesotho ($X), Zambia ($X) and Botswana ($X) appeared to be the largest markets for flax, raw or retted exported from South Africa worldwide, together accounting for X% of total exports.

Among the main countries of destination, Zambia, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average flax, raw or retted export price amounted to $X per ton, waning by -X% against the previous year. Overall, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, flax, raw or retted export price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Zambia ($X per ton), while the average price for exports to Mozambique ($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 Botswana (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flax, Raw Or Retted

Imports into South Africa

In 2021, after nine years of growth, there was significant decline in purchases abroad of flax, raw or retted, when their volume decreased by -X% to X tons. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2020, and then shrank in the following year.

In value terms, flax, raw or retted imports shrank to $X in 2021. Overall, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2020, and then declined in the following year.

Imports by Country

In 2021, the UK (X tons) was the main supplier of flax, raw or retted to South Africa, with a approx. X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the UK stood at +X%.

In value terms, the UK ($X) constituted the largest supplier of flax, raw or retted to South Africa.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK amounted to +X%.

Import Prices by Country

In 2021, the average flax, raw or retted import price amounted to $X per ton, falling by less than X% against the previous year. Over the period under review, the import price showed a abrupt descent. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to -X% per year.

Source: IndexBox Platform

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