Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Ghana - 2023
Contents:
- Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Ghana (CIF) - 2022
- Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Ghana (FOB) - 2022
- Imports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Ghana
- Exports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Ghana
Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Ghana (CIF) - 2022
In 2022, the average import price for fabrics; "long pile" fabrics, knitted or crocheteds amounted to $3,977 per ton, with an increase of 89% against the previous year. In general, the import price recorded a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($9,422 per ton), while the price for the UK ($667 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.1%), while the prices for the other major suppliers experienced a decline.
Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Ghana (FOB) - 2022
The average export price for fabrics; "long pile" fabrics, knitted or crocheteds stood at $4,000 per ton in 2022, declining by -36.8% against the previous year. Overall, the export price showed a noticeable setback. The pace of growth was the most pronounced in 2021 a decrease of -20.8%. The export price peaked at $8,000 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($5,000 per ton), while the average price for exports to Ireland ($1,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+150.0%).
Imports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Ghana
In 2022, approx. 132 kg of fabrics; "long pile" fabrics, knitted or crocheteds were imported into Ghana; reducing by -31.2% on 2021. Over the period under review, imports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 15%.
In value terms, imports of fabrics; "long pile" fabrics, knitted or crocheteds surged to $525 in 2022. Overall, imports continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year.
| Import of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Ghana (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 13.0 | 26.0 | 97.0 | 424 | 219.5% |
| Italy | 488 | 243 | 222 | 68.0 | -48.2% |
| China | 30.0 | 35.0 | 77.0 | 18.0 | -15.7% |
| Turkey | 57.0 | N/A | N/A | 10.0 | -44.0% |
| United Kingdom | 15.0 | 3.0 | 1.0 | 2.0 | -48.9% |
| Others | 1.0 | 1.0 | 6.0 | 3.0 | 44.2% |
| Total | 604 | 308 | 403 | 525 | -4.6% |
Top Suppliers of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted to Ghana in 2022:
- Italy (67.0 kg)
- India (45.0 kg)
- China (12.0 kg)
- Turkey (3.0 kg)
- United Kingdom (3.0 kg)
Exports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Ghana
For the third consecutive year, Ghana recorded growth in overseas shipments of fabrics; "long pile" fabrics, knitted or crocheteds, which increased by 33% to 4 kg in 2022. The total export volume increased at an average annual rate of +15.5% over the period from 2020 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of fabrics; "long pile" fabrics, knitted or crocheteds dropped remarkably to $16 in 2022. Over the period under review, exports, however, saw a abrupt shrinkage.
| Export of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Ghana (USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 |
| Sweden | N/A | 17.0 | 10.0 | -41.2% |
| France | N/A | 2.0 | 5.0 | 150.0% |
| Ireland | N/A | N/A | 1.0 | 0% |
| Botswana | 24.0 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 0% |
| Total | 24.0 | 19.0 | 16.0 | -18.4% |
Top Export Markets for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted from Ghana in 2022:
- Sweden (2.0 kg)
- Ireland (1.0 kg)
- France (1.0 kg)
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