Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Ghana - 2023

Contents:

1. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Ghana (CIF) - 2022
2. Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Ghana

Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Ghana (CIF) - 2022

The average import price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses stood at $3,317 per ton in 2022, declining by -62% against the previous year. In general, the import price faced a abrupt curtailment. The growth pace was the most rapid in 2014 when the average import price decreased by -7.1% against the previous year. Over the period under review, average import prices reached the peak figure at $9,867 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Spain ($3,488 per ton), while the price for the United States ($1,000 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (-11.9%), while the prices for the other major suppliers experienced a decline.

Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Ghana

In 2022, approx. 60 kg of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses were imported into Ghana; waning by -99.9% on the previous year's figure. In general, imports faced a dramatic slump.

In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses reduced rapidly to $199 in 2022. Overall, imports continue to indicate a dramatic downturn.

Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres to Ghana in 2022:

1. Spain (41.0 kg)
2. China (17.0 kg)
3. United States (1.0 kg)
4. Togo (1.0 kg)

Source: IndexBox Market Intelligence Platform