Price for Flax, Raw or Retted in Tanzania - 2022

Price for Flax, Raw or Retted in Tanzania (FOB) - 2022

The average flax, raw or retted export price stood at $1,159 per ton in 2022, with an increase of 14% against the previous year. In general, the export price posted a noticeable expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 70% against the previous year. The export price peaked at $1,832 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($1,724 per ton), while the average price for exports to Nigeria amounted to $849 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+69.0%).

Price for Flax, Raw or Retted in Tanzania (CIF) - 2022

The average flax, raw or retted import price stood at $2,776 per ton in 2022, picking up by 9.5% against the previous year. Overall, the import price saw a noticeable increase. The pace of growth was the most pronounced in 2014 an increase of 667% against the previous year. As a result, import price reached the peak level of $18,438 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +10.7% per year.

Exports of Flax, Raw or Retted in Tanzania

In 2022, the amount of flax, raw or retted exported from Tanzania contracted dramatically to 24 tons, falling by -36% compared with the previous year. In general, exports faced a dramatic descent.

In value terms, flax, raw or retted exports declined remarkably to $28K in 2022. Over the period under review, exports showed a sharp setback.

Export of Flax, Raw or Retted in Tanzania (Thousand USD)
COUNTRY	2021	2022	CAGR, 2021-2022
Egypt	38.3	14.7	-61.6%
Nigeria	N/A	13.2	0%
Others	N/A	N/A	0%
Total	38.3	27.8	-27.4%

Top Export Markets for Flax, Raw or Retted from Tanzania in 2022:

Nigeria (15.5 tons)
Egypt (8.5 tons)

Imports of Flax, Raw or Retted in Tanzania

After three years of growth, overseas purchases of flax, raw or retted decreased by -13.4% to 214 kg in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +16.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. As a result, imports reached the peak of 247 kg, and then reduced in the following year.

In value terms, flax, raw or retted imports dropped to $594 in 2022. The total import value increased at an average annual rate of +5.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 11%. As a result, imports attained the peak of $626, and then fell in the following year.