Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Ghana - 2023

Contents:

1. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Ghana (CIF) - 2022
2. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Ghana (FOB) - 2022
3. Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Ghana
4. Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Ghana

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Ghana (CIF) - 2022

The average import price for fabrics, woven; from strip or the like, of synthetic textile materialses stood at $0.1 per square meter in 2022, which is down by -36% against the previous year. In general, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 24%. As a result, import price reached the peak level of $0.2 per square meter. From 2018 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($0.2 per square meter), while the price for the United Arab Emirates ($0.1 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-0.9%), while the prices for the other major suppliers experienced a decline.

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Ghana (FOB) - 2022

In 2022, the average export price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $0.7 per square meter, with an increase of 4.4% against the previous year. Overall, the export price, however, faced a deep downturn. The growth pace was the most rapid in 2019 when the average export price increased by 130% against the previous year. Over the period under review, the average export prices hit record highs at $2.4 per square meter in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($7 per square meter), while the average price for exports to Cote d'Ivoire ($0.1 per square meter) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+764.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Ghana

After two years of decline, supplies from abroad of fabrics, woven; from strip or the like, of synthetic textile materialses decreased by -24.8% to 4.9M square meters in 2022. Over the period under review, imports, however, continue to indicate a buoyant expansion. Over the period under review, imports of fabrics, woven; from strip or like, of synthetic textile materialses hit record highs at 6.5M square meters in 2021, and then declined markedly in the following year.

In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses fell notably to $567K in 2022. In general, imports recorded a relatively flat trend pattern. Imports peaked at $1.2M in 2021, and then dropped dramatically in the following year.

Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to Ghana in 2022:

1. China (3374.1K square meters)
2. India (746.0K square meters)
3. United Arab Emirates (266.5K square meters)
4. Turkey (199.7K square meters)
5. Italy (118.4K square meters)

Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Ghana

In 2022, the amount of fabrics, woven; from strip or the like, of synthetic textile materialses exported from Ghana skyrocketed to 122K square meters, picking up by 73% against the previous year's figure. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of fabrics, woven; from strip or the like, of synthetic textile materialses soared to $82K in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials from Ghana in 2022:

1. United States (79.5K square meters)
2. Cote d'Ivoire (18.9K square meters)
3. South Africa (11.0K square meters)
4. Switzerland (9.1K square meters)
5. Kenya (2.2K square meters)
6. Democratic Republic of the Congo (0.4K square meters)

Source: IndexBox Market Intelligence Platform