As of 2023, Italy and India led the global import of flax yarn single by country, accounting for 25.07% and 23.02% of the market respectively. Italy saw a slight decline of 0.71%, whereas India experienced significant growth of 5.01%. Notable increases include South Korea (3.25%) and Lithuania (3.52%), illustrating a growing interest in Asia and parts of Europe. Conversely, substantial declines were recorded in the United Kingdom (-11.4%) and Switzerland (-18.36%). Other countries with notable growth in their share include Chile (19.79%) and Macedonia (271.37%), marking them as emerging markets to observe.
Future trends to watch for include:
- Continued growth in Asian countries like India and South Korea.
- Emerging presence in Chile and Macedonia, indicating potential new markets.
- A drop in European markets like the UK and Switzerland could potentially shift focus to other regions.
- Fluctuations in legacy markets like Italy suggest volatility and potential for change.
- Monitoring smaller markets such as Senegal and Belarus due to sharp increases in growth.
Top countries in Import of Flax Yarn Single Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 25.07 | 2023 | +0.32% | -0.71% | View data |
| 2 | 2 India | 23.02 | 2023 | +4.21% | +5.01% | View data |
| 3 | 3 South Korea | 12.79 | 2023 | +3.42% | +3.25% | View data |
| 4 | 4 Portugal | 10.02 | 2023 | +2.57% | +1.93% | View data |
| 5 | 5 Japan | 4.44 | 2023 | +0.73% | +0.91% | View data |
| 6 | 6 Belgium | 4.38 | 2023 | -2.6% | -2.49% | View data |
| 7 | 7 France | 3.99 | 2023 | -4.29% | -4.77% | View data |
| 8 | 8 Lithuania | 3.65 | 2023 | +3.88% | +3.52% | View data |
| 9 | 9 Spain | 1.95 | 2023 | -1.97% | -2.32% | View data |
| 10 | 10 Russia | 1.91 | 2023 | +2.61% | +2.41% | View data |
