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

Contents:

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

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

The average import price for fabrics, woven; from strip or the like, of synthetic textile materialses stood at $0.4 per square meter in 2022, picking up by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2017 an increase of 20%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($0.9 per square meter), while the price for China ($0.2 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for fabrics, woven; from strip or the like, of synthetic textile materialses stood at $0.7 per square meter in 2022, increasing by 104% against the previous year. Over the period under review, the export price enjoyed a buoyant increase. Over the period under review, the average export prices hit record highs at $0.7 per square meter in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 Tanzania ($0.9 per square meter), while the average price for exports to Uganda ($0.2 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, overseas purchases of fabrics, woven; from strip or the like, of synthetic textile materialses decreased by -2.8% to 13M square meters, falling for the second year in a row after two years of growth. In general, imports saw a mild decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 5.4% against the previous year. As a result, imports reached the peak of 14M square meters. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses rose significantly to $5M in 2022. The total import value increased at an average annual rate of +8.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 8%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. China (6.9M square meters)
2. India (2.3M square meters)
3. Hong Kong SAR (1.0M square meters)
4. United Arab Emirates (0.9M square meters)
5. Netherlands (0.4M square meters)
6. Greece (0.4M square meters)
7. United States (0.2M square meters)

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

In 2022, shipments abroad of fabrics, woven; from strip or the like, of synthetic textile materialses decreased by -60.4% to 2.2K square meters for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed moderate growth. The most prominent rate of growth was recorded in 2021 with an increase of 74%. As a result, the exports attained the peak of 5.6K square meters, and then reduced dramatically in the following year.

In value terms, exports of fabrics, woven; from strip or the like, of synthetic textile materialses contracted dramatically to $1.5K in 2022. In general, total exports indicated a perceptible expansion from 2019 to 2022: its value increased at an average annual rate of +3.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -34.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 71% against the previous year. As a result, the exports reached the peak of $2.3K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. Tanzania (1299.0 square meters)
2. Rwanda (702.0 square meters)
3. Uganda (223.0 square meters)

Source: IndexBox Market Intelligence Platform