Ukraine: Market for Flax, Tow And Waste 2022

Market Size for Flax, Tow And Waste in Ukraine

In 2021, the Ukrainian flax, tow and waste market increased by X% to $X, rising for the sixth year in a row after three years of decline. In general, consumption continues to indicate a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Flax, Tow And Waste in Ukraine

In value terms, flax, tow and waste production totaled $X in 2021 estimated in export price. In general, production saw a slight expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

In 2021, the average yield of flax, tow and waste in Ukraine amounted to less than X kg per ha, therefore, remained relatively stable against 2020 figures. Over the period under review, 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.

The flax, tow and waste harvested area in Ukraine amounted to less than X ha in 2021, almost unchanged from 2020. Overall, the harvested area showed a relatively flat trend pattern.

Exports of Flax, Tow And Waste

Exports from Ukraine

In 2021, overseas shipments of flax, tow and waste decreased by -X% to X kg, falling for the third year in a row after seven years of growth. Overall, exports faced a significant decrease. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, flax, tow and waste exports dropped remarkably to $X in 2021. Over the period under review, exports recorded a perceptible descent. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Georgia (X kg), Moldova (X kg) and Germany (X kg) were the main destinations of flax, tow and waste exports from Ukraine.

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

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

From 2012 to 2021, the average annual rate of growth in terms of value to Moldova totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+X% per year) and Germany (X% per year).

Export Prices by Country

The average flax, tow and waste export price stood at $X per ton in 2021, jumping by X% against the previous year. Overall, the export price saw a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

Imports of Flax, Tow And Waste

Imports into Ukraine

After five years of growth, overseas purchases of flax, tow and waste decreased by -X% to X tons in 2021. Over the period under review, imports showed a deep reduction. The growth pace was the most rapid in 2017 with an increase of X%. 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 declined to $X in 2021. In general, imports saw a mild setback. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Egypt (X tons) was the main flax, tow and waste supplier to Ukraine, accounting for a approx. X% share of total imports.

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

In value terms, Egypt ($X) constituted the largest supplier of flax, tow and waste to Ukraine.

From 2012 to 2021, the average annual rate of growth in terms of value from Egypt was relatively modest.

Import Prices by Country

In 2021, the average flax, tow and waste import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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