Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Kenya - 2022

Contents:

1. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Kenya (CIF) - 2022
2. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Kenya (FOB) - 2022
3. Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Kenya
4. Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Kenya

Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Kenya (CIF) - 2022

The average import price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses stood at $1,370 per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price recorded a mild downturn. The most prominent rate of growth was recorded in 2021 an increase of 22% against the previous year. Over the period under review, average import prices hit record highs at $1,627 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2013 to 2022, the rate of growth in terms of prices for India amounted to +10.9% per year.

Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Kenya (FOB) - 2022

In 2022, the average export price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses amounted to $337 per ton, shrinking by -59% against the previous year. Overall, the export price saw a perceptible downturn. The pace of growth appeared the most rapid in 2021 a decrease of -2.5%. The export price peaked at $842 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

From 2016 to 2022, the rate of growth in terms of prices for Uganda amounted to -2.3% per year.

Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Kenya

In 2022, after three years of growth, there was significant decline in supplies from abroad of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses, when their volume decreased by -39.2% to 23 tons. In general, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 81%. As a result, imports attained the peak of 38 tons, and then shrank dramatically in the following year.

In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses fell significantly to $32K in 2022. Overall, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 120% against the previous year. As a result, imports attained the peak of $52K, and then shrank notably in the following year.

Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres to Kenya in 2022:

1. Vietnam (23.0 tons)

Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Kenya

For the third year in a row, Kenya recorded growth in shipments abroad of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses, which increased by 70% to 53 tons in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 159%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses contracted dramatically to $18K in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 152% against the previous year. As a result, the exports reached the peak of $26K, and then reduced rapidly in the following year.

Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres from Kenya in 2022:

1. Uganda (53.3 tons)

Source: IndexBox Market Intelligence Platform