Price for Bedspreads; Knitted or Crocheted in Kenya - 2021

Contents:

  1. Price for Bedspreads; Knitted or Crocheted in Kenya (CIF) - 2021
  2. Price for Bedspreads; Knitted or Crocheted in Kenya (FOB) - 2022
  3. Imports of Bedspreads; Knitted or Crocheted in Kenya
  4. Exports of Bedspreads; Knitted or Crocheted in Kenya

Price for Bedspreads; Knitted or Crocheted in Kenya (CIF) - 2021

In December 2021, the average bedspreads; knitted or crocheted import price amounted to $1.9 per unit, picking up by 55% against the previous month. In general, the import price, however, recorded a mild curtailment. The most prominent rate of growth was recorded in March 2021 an increase of 98% m-o-m. As a result, import price reached the peak level of $5.8 per unit. From April 2021 to December 2021, 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 China.

From December 2020 to December 2021, the rate of growth in terms of prices for China amounted to -1.5% per month.

Price for Bedspreads; Knitted or Crocheted in Kenya (FOB) - 2022

In 2022, the average bedspreads; knitted or crocheted export price amounted to $3.8 per unit, surging by 82% against the previous year. Overall, the export price, however, showed a slight curtailment. The export price peaked at $4.4 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($24 per unit), while the average price for exports to Rwanda ($1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (-8.3%), while the prices for the other major destinations experienced a decline.

Imports of Bedspreads; Knitted or Crocheted in Kenya

In 2022, overseas purchases of bedspreads; knitted or crocheteds decreased by -45% to 11K units, falling for the second consecutive year after two years of growth. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 497%. As a result, imports reached the peak of 25K units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, bedspreads; knitted or crocheted imports reduced to $78K in 2022. In general, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 433%. Over the period under review, imports reached the peak figure at $84K in 2021, and then dropped in the following year.

Import of Bedspreads; Knitted or Crocheted in Kenya (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ChinaN/A26.331.955.945.8%
Turkey0.80.529.322.4203.7%
Thailand0.77.27.0N/A216.2%
United Arab Emirates8.338.34.9N/A-23.2%
Others3.7N/A11.2N/A74.0%
Total13.672.484.378.479.3%

Top Suppliers of Bedspreads; Knitted or Crocheted to Kenya in 2022:

  1. China (8.5K units)
  2. Turkey (2.8K units)

Exports of Bedspreads; Knitted or Crocheted in Kenya

In 2022, shipments abroad of bedspreads; knitted or crocheteds decreased by -54.2% to 1.1K units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 169% against the previous year. As a result, the exports attained the peak of 2.4K units, and then shrank significantly in the following year.

In value terms, bedspreads; knitted or crocheted exports contracted rapidly to $4.2K in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 49%. As a result, the exports attained the peak of $5.1K, and then shrank dramatically in the following year.

Export of Bedspreads; Knitted or Crocheted in Kenya (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
MoroccoN/AN/AN/A2.80%
Tanzania0.41.3N/A0.931.0%
RwandaN/AN/AN/A0.50%
Benin1.9N/AN/AN/A0%
SwedenN/A0.92.0N/A122.2%
EgyptN/AN/A0.7N/A0%
EthiopiaN/A0.1N/AN/A0%
Others0.11.12.3N/A379.6%
Total2.43.45.14.220.5%

Top Export Markets for Bedspreads; Knitted or Crocheted from Kenya in 2022:

  1. Rwanda (508.0 units)
  2. Tanzania (475.0 units)
  3. Morocco (117.0 units)

Source: IndexBox Market Intelligence Platform

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