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

Contents:

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

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

In 2022, the average export price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses amounted to $16,517 per ton, jumping by 21% against the previous year. Overall, the export price showed a significant increase. The growth pace was the most rapid in 2017 an increase of 164% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Malawi.

From 2012 to 2022, the rate of growth in terms of prices for Malawi amounted to +27.9% per year.

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

The average import price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses stood at $2,146 per ton in 2022, dropping by -42.7% against the previous year. In general, the import price saw a abrupt contraction. The pace of growth appeared the most rapid in 2015 an increase of 62% against the previous year. Over the period under review, average import prices hit record highs at $22,607 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -4.5% per year.

Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Tanzania

Exports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses from Tanzania contracted modestly to 19 tons in 2022, remaining stable against 2021 figures. Overall, exports continue to indicate a mild curtailment.

In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses soared to $318K in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 20% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres from Tanzania in 2022:

1. Malawi (19.3 tons)

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

For the fourth consecutive year, Tanzania recorded growth in overseas purchases of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses, which increased by 279% to 3.4 tons in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses skyrocketed to $7.3K in 2022. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. China (1.3 tons)

Source: IndexBox Market Intelligence Platform