Vietnam: Market for Flax, Tow And Waste 2022

Market Size for Flax, Tow And Waste in Vietnam

The Vietnamese flax, tow and waste market skyrocketed to $X in 2021, rising by X% against the previous year. Over the period under review, consumption, however, showed a significant decrease. Flax, tow and waste consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Flax, Tow And Waste in Vietnam

In value terms, flax, tow and waste production totaled $X in 2021 estimated in export price. In general, production recorded a abrupt contraction. Flax, tow and waste production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

In 2021, the average yield of flax, tow and waste in Vietnam stood at less than X kg per ha, flattening at the year before. Over the period under review, the yield showed 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 Vietnam stood at less than X ha, therefore, remained relatively stable against 2020 figures. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Exports of Flax, Tow And Waste

Exports from Vietnam

In 2021, the amount of flax, tow and waste exported from Vietnam contracted remarkably to X tons, with a decrease of -X% compared with the previous year. In general, exports continue to indicate a precipitous descent. Over the period under review, the exports reached the maximum at X tons in 2020, and then declined sharply in the following year.

In value terms, flax, tow and waste exports dropped to $X in 2021. Over the period under review, exports continue to indicate a deep downturn. Over the period under review, the exports hit record highs at $X in 2020, and then contracted in the following year.

Exports by Country

China (X tons) was the main destination for flax, tow and waste exports from Vietnam, accounting for a approx. X% share of total exports.

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

In value terms, China ($X) also remains the key foreign market for flax, tow and waste exports from Vietnam.

From 2012 to 2021, the average annual growth rate of value to China totaled -X%.

Export Prices by Country

In 2021, the average flax, tow and waste export price amounted to $X per ton, growing by X% against the previous year. In general, the export price saw a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for China.

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

Imports of Flax, Tow And Waste

Imports into Vietnam

After two years of growth, purchases abroad of flax, tow and waste decreased by -X% to X tons in 2021. In general, imports, however, posted significant growth. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then dropped significantly in the following year.

In value terms, flax, tow and waste imports declined notably to $X in 2021. Over the period under review, imports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of flax, tow and waste to Vietnam, accounting for a X% share of total imports. Moreover, flax, tow and waste imports from France exceeded the figures recorded by the second-largest supplier, Belgium (X kg), sixfold.

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

In value terms, France ($X) constituted the largest supplier of flax, tow and waste to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from France stood at +X%.

Import Prices by Country

In 2021, the average flax, tow and waste import price amounted to $X per ton, with a decrease of -X% against the previous year. In general, the import price showed a abrupt decrease. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Belgium stood at $X per ton.

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

Source: IndexBox Platform

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