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

Contents:

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

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

The average import price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses stood at $2,761 per ton in 2022, dropping by -19% against the previous year. Over the period under review, the import price, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2018 an increase of 0.8%. Over the period under review, average import prices hit record highs at $3,410 per ton in 2021, and then declined notably in the following year.

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 China ($7,098 per ton), while the price for the UK totaled $2,461 per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+71.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, approx. 32 tons of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses were imported into Ghana; increasing by 81,133% compared with 2021 figures. Overall, imports continue to indicate buoyant growth. 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 synthetic fibreses soared to $87K in 2022. Over the period under review, imports recorded 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 Synthetic Fibres to Ghana in 2022:

1. United Kingdom (29.7 tons)
2. China (1.9 tons)

Source: IndexBox Market Intelligence Platform