U.S.: Market for Flax, Raw Or Retted 2022

Market Size for Flax, Raw Or Retted in the U.S.

In 2021, the U.S. flax, raw or retted market increased by X% to $X, rising for the second consecutive year after four years of decline. Over the period under review, consumption recorded a slight increase. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Flax, Raw Or Retted in the U.S.

In value terms, flax, raw or retted production shrank to $X in 2021. Overall, the total production indicated a tangible expansion from 2012 to 2021: its value 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, production increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Flax, raw or retted production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

The average yield of flax, raw or retted in the United States amounted to less than X kg per ha in 2021, approximately reflecting the previous year. In general, 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, approx. less than X ha of flax, raw or retted were harvested in the United States; approximately equating the previous year's figure. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Exports of Flax, Raw Or Retted

Exports from the U.S.

In 2021, shipments abroad of flax, raw or retted decreased by -X% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, flax, raw or retted exports dropped dramatically to $X in 2021. Over the period under review, exports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Dominican Republic (X tons) was the main destination for flax, raw or retted exports from the United States, with a X% share of total exports. Moreover, flax, raw or retted exports to the Dominican Republic exceeded the volume sent to the second major destination, Canada (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to the Dominican Republic amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-X% per year) and Colombia (X% per year).

In value terms, the Dominican Republic ($X) remains the key foreign market for flax, raw or retted exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with less than X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the Dominican Republic stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Canada (-X% per year).

Export Prices by Country

In 2021, the average flax, raw or retted export price amounted to $X per ton, jumping by X% against the previous year. Overall, the export price recorded a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Canada ($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 the Dominican Republic (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flax, Raw Or Retted

Imports into the U.S.

In 2021, purchases abroad of flax, raw or retted was finally on the rise to reach X tons after five years of decline. In general, imports, however, showed a precipitous decrease. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, flax, raw or retted imports surged to $X in 2021. Overall, imports, however, showed a deep slump. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Bangladesh (X tons) constituted the largest flax, raw or retted supplier to the United States, accounting for a X% share of total imports. Moreover, flax, raw or retted imports from Bangladesh exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), fourfold. Italy (X kg) ranked third in terms of total imports with less than X% share.

From 2012 to 2021, the average annual growth rate of volume from Bangladesh totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+X% per year) and Italy (-X% per year).

In value terms, Switzerland ($X) constituted the largest supplier of flax, raw or retted to the United States, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by Italy, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Switzerland stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (+X% per year) and Italy (+X% per year).

Import Prices by Country

In 2021, the average flax, raw or retted import price amounted to $X per ton, with a decrease of -X% against the previous year. In general, the import price, however, recorded strong growth. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per ton in 2020, and then contracted 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 Italy ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :