Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Kenya - 2022
Contents:
- Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Kenya (CIF) - 2022
- Imports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Kenya
Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Kenya (CIF) - 2022
In 2022, the average import price for fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds amounted to $12,370 per ton, rising by 62% against the previous year. Overall, the import price showed a remarkable increase. The growth pace was the most rapid in 2014 when the average import price increased by 86% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($16,455 per ton), while the price for Mauritius ($11,565 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Kenya
In 2022, imports of fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds into Kenya soared to 92 tons, rising by 27% compared with 2021 figures. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +9.7% 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 +78.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 41%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds soared to $1.1M in 2022. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 242 | 220 | 385 | 490 | 26.5% |
Mauritius | 264 | 207 | 164 | 426 | 17.3% |
Taiwan (Chinese) | N/A | N/A | N/A | 219 | 0% |
Others | 15.6 | 0.3 | 4.7 | 1.0 | -60.0% |
Total | 522 | 428 | 554 | 1,137 | 29.6% |
Top Suppliers of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted to Kenya in 2022:
- China (41.7 tons)
- Mauritius (36.9 tons)
- Taiwan (Chinese) (13.3 tons)
This report provides an in-depth analysis of the knitted fabric market in Kenya.
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Global Pile and Terry Fabric Market Report 2018. This report provides an in-depth analysis of the global market for pile and terry fabric.
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